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ALTAGAS LTD - ALACN 6.017 PERP (ALA-PR-G.CA) Stock Technical Analysis

TSX:ALA-PR-G - Toronto Stock Exchange - CA0213618865 - Currency: CAD

22.8  0 (0%)

Technical Rating and Analysis

1

Taking everything into account, ALA-PR-G scores 1 out of 10 in our technical rating. ALA-PR-G has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
ALA-PR-G is part of the Gas Utilities industry. There are 8 other stocks in this industry, of which 71% are performing better than ALA-PR-G.
Warning: ALA-PR-G has an average volume of 7112 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
When comparing the performance of all stocks over the past year, ALA-PR-G turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.
ALA-PR-G is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month ALA-PR-G has a been trading in the 21.77 - 24.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
ALTAGAS LTD - ALACN 6.017 PERP / ALA-PR-G Weekly stock chart
ALTAGAS LTD - ALACN 6.017 PERP / ALA-PR-G Daily stock chart
Setup Rating and Analysis

4

ALA-PR-G has a poor technical rating and the quality of the setup is also 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.

Support and Resistance Analysis

21.68

24.83

We found 1 important support area.

  • A support zone ranging from 21.90 to 22.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

3 important resistance areas can be observed.

  • Resistance @22.89 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 23.26 to 23.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 24.40 to 24.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.56
Mansfield0.32
10 Day High23.25
10 Day Low21.78
20 Day High24.15
20 Day Low21.78
52 Week High24.58
52 Week Low21.78
Performance
1 Week4.11%
2 Weeks-5%
1 Month-5%
3 Month-4.4%
6 Month0.04%
12 Month-1.72%
2 Year31.72%
3 Year11.22%
5 Year76.61%
10 Year-8.06%
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)-0.03
RSI(14)39.88
LBB21.4
UBB24.49
ALTAGAS LTD - ALACN 6.017 PERP / ALA-PR-G Daily stock chart

ALTAGAS LTD - ALACN 6.017 PERP

TSX:ALA-PR-G (4/17/2025, 7:00:00 PM)

22.8

0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg0%
1 Week4.11%
2 Weeks-5%
1 Month-5%
3 Month-4.4%
6 Month0.04%
12 Month-1.72%
2 Year31.72%
3 Year11.22%
5 Year76.61%
10 Year-8.06%
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%1.19%
ATR Inc55.56%
Range Today0.48
ADR(20)0.18
ADR(20)%0.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.56
Mansfield0.32
10 Day High23.25
10 Day Low21.78
20 Day High24.15
20 Day Low21.78
52 Week High24.58
52 Week Low21.78
CS1 End22.5
CR1 Start22.89
Volume & EV
DER(3)-0.2%
DER(5)-0.16%
Volume3.39K
Volume Incr38.22%
Vol(5)5.49K
Vol(50)7.11K