Should You Sell TC Energy Corporation (TRP) And Go Away This Year?

TC Energy Corporation (NYSE:TRP) currently has a daily average trading volume of 2.78M but it saw 2740438 shares traded in last market. With a market cap of 48.30B USD, the company’s current market price of $46.55 came rising about 0.67 while comparing to the previous closing price of $46.24. In past 52 weeks, the stock remained buoying in the range of price level as high as $46.40 and as low as $32.51. In the recent trading on the day, stock has struck highest price mark of $46.2 while lowest mark touched by it was $46.685.

Taking a look at 20-day trading activity of TC Energy Corporation (TRP) gives us an average price of $44.68, while its current price level is 0.32% below from 52-week high level whereas it is 43.16% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $41.92 while that of 200 days or SMA-200 reads an average of $39.42. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.40% during that period while stretching the period over a month that decreases to 1.31%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 76.88 which implies that the stock is in overbought territory.

Over the week, TRP’s stock price is moving 1.90% up while it is 10.26% when we observe its performance for the past one month. Year-to-date it is 19.08% up and over the past year, the stock is showing an upside performance of 27.85%.

Currently, TC Energy Corporation’s total number of outstanding shares is 1.04B. Company’s return on investment (ROI) stands at 3.84% and return on equity (ROE) at 10.91%. It has a price to earnings ratio (P/E ratio) of 19.13 while having a 14.75 of forward P/E ratio. Stock’s beta reads 0.85. Stock has a price to book (P/B) ratio of 2.39 while price to sale or P/S ratio amounts to 4.18. Its return on asset (ROA) is 2.85% on average.