Following these proceedings, UBS upgraded its TC Energy Corporation [TRP] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in mid July from “an Equal weight” to “an Overweight”. Jefferies began covering TRP with “Hold” recommendation on February 27, 2024. Stifel started covering the stock on January 18, 2024. It rated TRP as “a Buy”.
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Price Performance Review of TRP
On Tuesday, TC Energy Corporation [NYSE:TRP] saw its stock fall -0.38% to $44.69. Over the last five days, the stock has gained 1.41%. TC Energy Corporation shares have risen nearly 25.48% since the year began. Nevertheless, the stocks have risen 46.64% over the past one year. While a 52-week high of $45.37 was reached on 10/01/24, a 52-week low of $30.50 was recorded on 04/18/24. SMA at 50 days reached $45.20, while 200 days put it at $40.44.
Levels Of Support And Resistance For TRP Stock
The 24-hour chart illustrates a support level at 44.39, which if violated will result in even more drops to 44.10. On the upside, there is a resistance level at 44.94. A further resistance level may holdings at 45.20. The Relative Strength Index (RSI) on the 14-day chart is 65.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.16%. Stochastics %K at 29.75% indicates the stock is a holding.
How much short interest is there in TC Energy Corporation?
A steep rise in short interest was recorded in TC Energy Corporation stocks on 2024-09-13, growing by 12.04 million shares to a total of 30.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 18.65 million shares. There was a rise of 39.24%, which implies that there is a positive sentiment for the stock.
