ALTAGAS LTD - ALACN 5.38 PERP (ALA-PR-B.CA) Stock Technical Analysis
TSX:ALA-PR-B - Toronto Stock Exchange - CA0213613080 - Currency: CAD
We assign a technical rating of 8 out of 10 to ALA-PR-B. Both in the recent history as in the last year, ALA-PR-B has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: ALA-PR-B has an average volume of 1177 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, ALA-PR-B did better than 73% of all other stocks.
ALA-PR-B is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
ALA-PR-B is part of the Gas Utilities industry. There are 8 other stocks in this industry, ALA-PR-B did better than 57% of them.
In the last month ALA-PR-B has a been trading in a tight range between 22.33 and 23.00.
ALA-PR-B has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
16.53
23.25
4 important support areas can be observed.
- A support zone ranging from 21.77 to 22.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.38 from a trend line in the weekly time frame.
- A support zone ranging from 20.47 to 20.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.70 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.00 to 23.02. 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
CRS73.66
Mansfield0.35
10 Day High23
10 Day Low22.33
20 Day High23
20 Day Low22.33
52 Week High23.02
52 Week Low19.5
Performance
1 Week0%
2 Weeks0.09%
1 Month3.09%
3 Month9.48%
6 Month7.43%
12 Month12.75%
2 Year34.6%
3 Year14.66%
5 Year141.24%
10 YearN/A
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)58.84
LBB22.38
UBB23.17
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 |
|---|---|---|---|
| 23.03 | 22.32 | 0.71 (3.08%) | 25.00% |
| An entry @23.03. This is a Buy Stop order right above the resistance zone. | An exit @22.32. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.71 points, which is 3.08%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.77%. |
- 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-B (3/7/2025, 7:00:00 PM)
22.99
+0.47 (+2.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg2.09%
1 Week0%
2 Weeks0.09%
1 Month3.09%
3 Month9.48%
6 Month7.43%
12 Month12.75%
2 Year34.6%
3 Year14.66%
5 Year141.24%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%1.38%
ATR Inc53.59%
Range Today0.48
ADR(20)0.23
ADR(20)%1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.66
Mansfield0.35
10 Day High23
10 Day Low22.33
20 Day High23
20 Day Low22.33
52 Week High23.02
52 Week Low19.5
CS1 End22.78
CR1 Start23
Volume & EV
DER(3)0%
DER(5)-5.19%
Volume1.01K
Volume Incr-0.61%
Vol(5)915.6
Vol(50)1.18K