TRP Price Prediction Next Week
Analysis and Insights
To predict the stock price of TC Energy (TRP) for the next trading week, we will analyze both technical indicators and recent news sentiment.
Technical Analysis:
TC Energy's stock closed at $45.88 on March 7, 2025, with a slight increase of 0.86% during regular market hours. The stock's technical indicators suggest mixed signals:
- RSI (14-period): 51.35, indicating a neutral position, neither overbought nor oversold.
- MACD: -0.28, showing a bearish crossover, which may indicate short-term downward pressure.
- Stochastic Oscillator: StochK (63.42) is above StochD (52.39), suggesting a bullish signal in the short term.
The stock is currently trading near its Fibonacci support level of 44.04, with resistance at 46.13.
News Sentiment Analysis:
Recent news highlights potential challenges for TC Energy:
- U.S. Tariffs Impact: TC Energy CEO François Poirier warned that U.S. tariffs on Canadian and Mexican oil and gas could increase inflation and threaten energy security. This could negatively impact TRP's long-term growth, despite its current insulation from price fluctuations.
- Keystone XL Pipeline: Former President Trump's push to revive the Keystone XL Pipeline could benefit TRP if the project resumes, but the project faces significant regulatory and environmental hurdles.
Price Prediction:
Based on the technical indicators and news sentiment, TRP is expected to face downward pressure next week. The stock is likely to test its Fibonacci support level of 44.04.
Predicted Price Range: $44.04 - $46.13
Recommendation: Sell TRP at the current price of $45.88, with a target of $44.04.
TRP Similar Chart Price Prediction
The price of TRP is predicted to go up 8.57%, based on the high correlation periods with TPG. The similarity of these two price pattern on the periods is 93.18%.
TRP
TPG
Up: 8.57%Similarity: 93.18%
TRP Revenue Forecast
TRP EPS Forecast
TRP FAQs
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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.
TRP Analyst's Forecast
Ben Pham
BMO Capital
Hold
2024-11-20
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.
