ALTAGAS LTD - ALACN 6.017 PERP (ALA-PR-G.CA) Stock Technical Analysis
TSX:ALA-PR-G - Toronto Stock Exchange - CA0213618865 - Currency: CAD
Overall ALA-PR-G gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ALA-PR-G is only an average performer.
Warning: ALA-PR-G has an average volume of 8033 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
ALA-PR-G 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-G slightly outperforms the market at the moment.
When compared to the yearly performance of all other stocks, ALA-PR-G outperforms 59% of them, which is more or less in line with the market.
ALA-PR-G is part of the Gas Utilities industry. There are 8 other stocks in this industry, ALA-PR-G did better than 57% of them.
In the last month ALA-PR-G has a been trading in a tight range between 23.73 and 24.43.
Considerably lower volume is observed in the last couple of days.
ALA-PR-G has only a medium technical rating, but it does show 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 a support zone below the current price at 24.23, a Stop Loss order could be placed below this zone.
More info and screens
21.99
24.83
3 important support areas can be observed.
- A support zone ranging from 23.93 to 24.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.89 to 23.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 22.21 to 22.50. 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 24.26 to 24.58. This zone is formed by a combination of multiple trend lines and important moving averages 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
CRS59.42
Mansfield-0.01
10 Day High24.43
10 Day Low23.99
20 Day High24.43
20 Day Low23.73
52 Week High24.58
52 Week Low22.2
Performance
1 Week-0.16%
2 Weeks-0.7%
1 Month0.87%
3 Month5.48%
6 Month6.97%
12 Month6.68%
2 Year36.68%
3 Year0.08%
5 Year113.74%
10 Year-3.77%
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)53.48
LBB24.15
UBB24.46
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 |
|---|---|---|---|
| 24.44 | 23.98 | 0.46 (1.88%) | 25.00% |
| An entry @24.44. This is a Buy Stop order right above the 10 day high. | An exit @23.98. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.46 points, which is 1.88%. | For a 0.47% 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.
ALTAGAS LTD - ALACN 6.017 PERP
TSX:ALA-PR-G (3/7/2025, 7:00:00 PM)
24.26
+0.15 (+0.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg0.62%
1 Week-0.16%
2 Weeks-0.7%
1 Month0.87%
3 Month5.48%
6 Month6.97%
12 Month6.68%
2 Year36.68%
3 Year0.08%
5 Year113.74%
10 Year-3.77%
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%0.66%
ATR Inc0.67%
Range Today0.01
ADR(20)0.12
ADR(20)%0.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.42
Mansfield-0.01
10 Day High24.43
10 Day Low23.99
20 Day High24.43
20 Day Low23.73
52 Week High24.58
52 Week Low22.2
CS1 End24.23
CR1 Start24.26
Volume & EV
DER(3)-0.59%
DER(5)-0.37%
Volume500
Volume Incr-79.26%
Vol(5)2.68K
Vol(50)8.03K