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Transcananda Pipelines, Ltd. (TRP) - Buy, Sell or Hold?

Sector: Public Utilities   Sub-Sector: Natural Gas Distribution
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Nov 2017HammerBullish EngulfingMon, 06 Nov 20170.89%
***Stock database and scans are updated around midnight (New York time) every trading day.
48.98 0.00 (0%) Nov 17 4:00pm EDT
Open: 49.40 Range: 48.14 - 49.40 Vol: 1.43M Avg Vol: 802.1K
EPS: 0.94 P/E ratio: 50.24 EBITDA: 5.09B Mkt Cap: 41.36B
Analyze "TRP" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 49.36
Medium Term: Trading is Range Bound
Last Trade is above the 20 day moving average at 48.37
Last Trade is below the 50 day moving average at 49.38
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 48.23
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of TRP

Stock Trend Analysis - Buy, Sell or Hold "Transcananda Pipelines, Ltd." (TRP)?

TRP is in a very strong uptrend. In the last 52 weeks, TRP has been trading above the 200 day moving average for 90% of the time with an average daily volume of 802.1K shares being traded. The 50 day moving average, currently at 49.38, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average is in a trading range and is generally bucking the trend with a bearish bias. TRP was only able to maintain above the 20 SMA for 37.5% of the time in the last month of trading. Objectively, in a strong uptrend, the high probability strategy is to buy dips. A good area for traders who are considering taking a long position in TRP is near the 200 SMA currently at 48.23. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "TRP".

The analyst consensus estimates for the 1 year price target for this stock is $55.71* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Nov 2017
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