TC ENERGY CORP. - Daily - Technical analysis published on 11/13/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
22%
22%
My opinion
Bullish above 50.74 USD
My targets
51.78 USD (+1.13%)
56.19 USD (+9.75%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TC ENERGY CORP. as long as the price remains well above 50.74 USD. The buyers” bullish objective is set at 51.78 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 56.19 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
6.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TC ENERGY CORP. price is 51.20 USD. The price registered an increase of +1.53% on the session with the lowest point at 50.41 USD and the highest point at 51.26 USD. The deviation from the price is +1.57% for the low point and -0.12% for the high point.50.41
51.26
51.20
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of TC ENERGY CORP. in Daily shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 10 are bullish, 4 are neutral and 4 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near resistance of triangle
Type : Bearish
Timeframe : Daily
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 44.90 | 47.79 | 50.74 | 51.20 | 51.78 | 56.19 |
| Change (%) | -12.30% | -6.66% | -0.90% | - | +1.13% | +9.75% |
| Change | -6.30 | -3.41 | -0.46 | - | +0.58 | +4.99 |
| Level | Minor | Major | Major | - | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.52 | 49.85 | 50.14 | 50.47 | 50.76 | 51.09 | 51.38 |
| Camarilla | 50.26 | 50.32 | 50.37 | 50.43 | 50.49 | 50.54 | 50.60 |
| Woodie | 49.50 | 49.84 | 50.12 | 50.46 | 50.74 | 51.08 | 51.36 |
| Fibonacci | 49.85 | 50.09 | 50.23 | 50.47 | 50.71 | 50.85 | 51.09 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.69 | 47.75 | 49.03 | 50.09 | 51.37 | 52.43 | 53.71 |
| Camarilla | 49.67 | 49.88 | 50.10 | 50.31 | 50.52 | 50.74 | 50.95 |
| Woodie | 46.80 | 47.81 | 49.14 | 50.15 | 51.48 | 52.49 | 53.82 |
| Fibonacci | 47.75 | 48.64 | 49.20 | 50.09 | 50.98 | 51.54 | 52.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.20 | 48.60 | 49.46 | 50.86 | 51.72 | 53.12 | 53.98 |
| Camarilla | 49.71 | 49.92 | 50.12 | 50.33 | 50.54 | 50.74 | 50.95 |
| Woodie | 46.94 | 48.47 | 49.20 | 50.73 | 51.46 | 52.99 | 53.72 |
| Fibonacci | 48.60 | 49.46 | 49.99 | 50.86 | 51.72 | 52.25 | 53.12 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 54.56 | |
| MACD (12,26,9): | -0.1300 | |
| Directional Movement: | -3.79 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 50.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 48.81 | |
| Elder Ray (13): | 0.24 | |
| Super Trend (3,10): | 52.37 | |
| Zig ZAG (10): | 51.20 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 59.24 | |
| TEMA (21): | 50.29 | |
| Williams %R (14): | -20.07 | |
| Chande Momentum Oscillator (20): | 0.12 | |
| Repulse (5,40,3): | 2.3200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 3.74 |
| MA7: | 50.32 | |
| MA20: | 50.85 | |
| MA50: | 50.83 | |
| MA100: | 49.84 | |
| MAexp7: | 50.54 | |
| MAexp20: | 50.68 | |
| MAexp50: | 50.51 | |
| MAexp100: | 49.60 | |
| Price / MA7: | +1.75% | |
| Price / MA20: | +0.69% | |
| Price / MA50: | +0.73% | |
| Price / MA100: | +2.73% | |
| Price / MAexp7: | +1.31% | |
| Price / MAexp20: | +1.03% | |
| Price / MAexp50: | +1.37% | |
| Price / MAexp100: | +3.23% |
News
Don"t forget to follow the news on TC ENERGY CORP.. At the time of publication of this analysis, the latest news was as follows:
- TC Energy 2019 Investor Day event to be webcast
- Keystone resumes crude oil deliveries
- TC Energy Declares Quarterly Dividends
- TC Energy reports strong third quarter financial results
- TC Energy announces $1.2 Billion West Path Delivery Program
This member declared not having a position on this financial instrument or a related financial instrument.
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