Taking this into account, JP Morgan upgraded its TC Energy Corporation [TRP] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in late September from “a Neutral” to “a Buy”. Barclays also remained covering TRP and has increased its forecast on July 17, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Jefferies started covering the stock on February 27, 2024. It rated TRP as “a Hold”.
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Price Performance Review of TRP
On Tuesday, TC Energy Corporation [NYSE:TRP] saw its stock jump 0.04% to $46.80. Over the last five days, the stock has gained 4.72%. TC Energy Corporation shares have risen nearly 31.40% since the year began. Nevertheless, the stocks have risen 46.51% over the past one year. While a 52-week high of $46.94 was reached on 10/14/24, a 52-week low of $30.50 was recorded on 04/18/24. SMA at 50 days reached $42.28, while 200 days put it at $37.16.
Levels Of Support And Resistance For TRP Stock
The 24-hour chart illustrates a support level at 46.31, which if violated will result in even more drops to 45.81. On the upside, there is a resistance level at 47.09. A further resistance level may holdings at 47.38. The Relative Strength Index (RSI) on the 14-day chart is 75.05, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.69, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.84%. Stochastics %K at 95.66% indicates the stock is a selling.
How much short interest is there in TC Energy Corporation?
A steep rise in short interest was recorded in TC Energy Corporation stocks on 2024-09-30, growing by 7.89 million shares to a total of 30.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 22.81 million shares. There was a rise of 25.69%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 18, 2024 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating .
