Stock Price Prediction

TRP

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TRP Price Prediction Next Week

Based on the provided data and technical analysis, here is the price prediction for TRP for the next trading week:

Technical Analysis

Current pivot point: $47.08
Key resistance levels: R1 at $48.19, R2 at $48.88, R3 at $50.00
Key support levels: S1 at $45.96, S2 at $45.27, S3 at $44.16
RSI(14) at 54.46 indicates neutral momentum with slight bullish bias
MACD at 0.02 shows minimal positive momentum

News Sentiment Analysis

Positive: TD Cowen recently started coverage with TC Energy as a top pick, assigning a C$77 price target. The company benefits from high exposure to natural gas and strong growth outlook.
Positive: BMO Capital raised price target to C$73, citing attractive multi-year growth profile of 5-7% that could extend until end of decade.
Neutral: Recent political uncertainty in Canada with PM Trudeau's resignation may create some short-term volatility.

Price Prediction for Next Week Based on technical indicators and positive analyst sentiment:

Base case (60% probability): Price likely to test R1 at $48.19
Bullish case (25% probability): Break above R2 to reach $49-50 range
Bearish case (15% probability): Pullback to S1 at $45.96

Trading Recommendation: BUY

Entry point: Current market price around $47
Initial target: $48.19 (R1)
Stop loss: $45.96 (S1)
Risk/Reward ratio: 1:1.2

The stock shows bullish momentum supported by positive analyst coverage and strong fundamentals in the natural gas sector. The technical setup suggests more upside potential than downside risk for the coming week.

Based on the provided data and technical analysis, here is the price prediction for TRP for the next trading week:

Technical Analysis

Current pivot point: $47.08
Key resistance levels: R1 at $48.19, R2 at $48.88, R3 at $50.00
Key support levels: S1 at $45.96, S2 at $45.27, S3 at $44.16
RSI(14) at 54.46 indicates neutral momentum with slight bullish bias
MACD at 0.02 shows minimal positive momentum

News Sentiment Analysis

Positive: TD Cowen recently started coverage with TC Energy as a top pick, assigning a C$77 price target. The company benefits from high exposure to natural gas and strong growth outlook.
Positive: BMO Capital raised price target to C$73, citing attractive multi-year growth profile of 5-7% that could extend until end of decade.
Neutral: Recent political uncertainty in Canada with PM Trudeau's resignation may create some short-term volatility.

Price Prediction for Next Week Based on technical indicators and positive analyst sentiment:

Base case (60% probability): Price likely to test R1 at $48.19
Bullish case (25% probability): Break above R2 to reach $49-50 range
Bearish case (15% probability): Pullback to S1 at $45.96

Trading Recommendation: BUY

Entry point: Current market price around $47
Initial target: $48.19 (R1)
Stop loss: $45.96 (S1)
Risk/Reward ratio: 1:1.2

TRP Similar Chart Price Prediction

The price of TRP is predicted to go up 1.13%, based on the high correlation periods with SSRM. The similarity of these two price pattern on the periods is 91.23%.

TRP

SSRM

Up: 1.13%Similarity: 91.23%

TRP Revenue Forecast

TRP EPS Forecast

TRP FAQs

What is revenue forecast for next quarter？

What is eps forecast for next quarter？

TRP VS S&P500

TC Energy has strong growth opportunities in Mexican natural gas as well as liquefied natural gas.

The company offers virtually identical growth prospects and a protected earnings profile to Enbridge but allows investors to bet more heavily on natural gas.

The Canadian regulatory structure allows for greater recovery of costs due to project cancelations or producers failing compared with the US.

Ask Intellectia about TRP

TRP Analyst's Forecast

Ben Pham

BMO Capital

Hold

Price Target

$66 → $70

Upside

+42.25%

BMO Capital analyst Ben Pham raised the firm's price target on TC Energy to C$70 from C$66 and keeps a Market Perform rating on the shares.