ALTAGAS LTD - ALACN 3.06 PERP (ALA-PR-A.CA) Stock Technical Analysis
TSX:ALA-PR-A - Toronto Stock Exchange - CA0213612090 - Currency: CAD
Overall ALA-PR-A gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Warning: ALA-PR-A has an average volume of 10157 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Looking at the yearly performance, ALA-PR-A did better than 75% of all other stocks. On top of that, ALA-PR-A also shows a nice and consistent pattern of rising prices.
ALA-PR-A is one of the better performing stocks in the Gas Utilities industry, it outperforms 71% of 8 stocks in the same industry.
ALA-PR-A is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so ALA-PR-A slightly outperforms the market at the moment.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
In the last month ALA-PR-A has a been trading in a tight range between 21.00 and 21.55.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, ALA-PR-A also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 21.12, a Stop Loss order could be placed below this zone.
More info and screens
18.07
22.07
When analyzing the support we can see 4 important areas.
- A support zone ranging from 20.88 to 21.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.75 from a trend line in the weekly time frame.
- A support zone ranging from 18.71 to 18.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 18.25 to 18.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 21.75 to 21.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.87
Mansfield0.58
10 Day High21.48
10 Day Low21
20 Day High21.55
20 Day Low21
52 Week High21.91
52 Week Low17.4
Performance
1 Week-0.7%
2 Weeks-0.56%
1 Month0.76%
3 Month7.99%
6 Month9.08%
12 Month17.43%
2 Year36.45%
3 Year9.02%
5 Year118.94%
10 Year3.52%
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.05
RSI(14)48.67
LBB21
UBB21.5
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 21.24 | 20.99 | 0.25 (1.18%) | 25.00% |
| An entry @21.24. This is a Buy Stop order right above the 10 day moving average. | An exit @20.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.25 points, which is 1.18%. | For a 0.29% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:ALA-PR-A (3/7/2025, 7:00:00 PM)
21.15
+0.05 (+0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg0.24%
1 Week-0.7%
2 Weeks-0.56%
1 Month0.76%
3 Month7.99%
6 Month9.08%
12 Month17.43%
2 Year36.45%
3 Year9.02%
5 Year118.94%
10 Year3.52%
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%0.67%
ATR Inc-1.75%
Range Today0.15
ADR(20)0.08
ADR(20)%0.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.87
Mansfield0.58
10 Day High21.48
10 Day Low21
20 Day High21.55
20 Day Low21
52 Week High21.91
52 Week Low17.4
CS1 End21.12
CR1 Start21.75
Volume & EV
DER(3)0%
DER(5)0%
Volume1.30K
Volume Incr-70.09%
Vol(5)1.74K
Vol(50)10.16K