Following these proceedings, CIBC upgraded its TC Energy Corporation [TRP] rating to a Sector outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early April with a ‘”a Neutral”‘ rating. TD Securities began covering TRP with “Buy” recommendation on January 15, 2025. Morgan Stanley revised its rating on October 25, 2024. It rated TRP as “an Overweight” which previously was an “an Underweight”.
Price Performance Review of TRP
On Monday, TC Energy Corporation [NYSE:TRP] saw its stock fall -2.61% to $48.12. Over the last five days, the stock has lost -5.50%. TC Energy Corporation shares have risen nearly 3.42% since the year began. Nevertheless, the stocks have risen 39.46% over the past one year. While a 52-week high of $51.34 was reached on 05/07/25, a 52-week low of $33.78 was recorded on 02/03/25. SMA at 50 days reached $48.07, while 200 days put it at $45.78.
Levels Of Support And Resistance For TRP Stock
The 24-hour chart illustrates a support level at 47.49, which if violated will result in even more drops to 46.86. On the upside, there is a resistance level at 49.23. A further resistance level may holdings at 50.35. The Relative Strength Index (RSI) on the 14-day chart is 44.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.55%. Stochastics %K at 24.07% indicates the stock is a holding.
