While this happened, Citigroup initiated its TC Energy Corporation [TRP] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including TD Securities’s analysts, who began to cover the stock in mid January with a ‘”a Buy”‘ rating. Morgan Stanley also remained covering TRP and has increased its forecast on October 25, 2024 with a “an Overweight” recommendation from previously “an Underweight” rating. JP Morgan revised its rating on October 14, 2024. It rated TRP as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of TRP
On Friday, TC Energy Corporation [NYSE:TRP] saw its stock jump 0.20% to $49.60. Over the last five days, the stock has gained 0.36%. TC Energy Corporation shares have risen nearly 6.60% since the year began. Nevertheless, the stocks have risen 51.09% over the past one year. While a 52-week high of $50.37 was reached on 04/03/25, a 52-week low of $32.24 was recorded on 02/03/25. SMA at 50 days reached $47.02, while 200 days put it at $45.04.
Levels Of Support And Resistance For TRP Stock
The 24-hour chart illustrates a support level at 49.16, which if violated will result in even more drops to 48.73. On the upside, there is a resistance level at 49.88. A further resistance level may holdings at 50.17. The Relative Strength Index (RSI) on the 14-day chart is 60.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.51, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.60%. Stochastics %K at 90.48% 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 2025-04-15, dropping by -2.54 million shares to a total of 32.41 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 34.94 million shares. There was a decline of -7.83%, which implies that there is a negative sentiment for the stock.
