ALTAGAS LTD (ALA.CA) Stock Technical Analysis
TSX:ALA - Toronto Stock Exchange - CA0213611001 - Common Stock - Currency: CAD
We assign a technical rating of 10 out of 10 to ALA. Both in the recent history as in the last year, ALA has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, ALA did better than 85% of all other stocks. We also observe that the gains produced by ALA over the past year are nicely spread over this period.
ALA is one of the better performing stocks in the Gas Utilities industry, it outperforms 71% of 8 stocks in the same industry.
ALA is currently trading near its 52 week high, which is a good sign. Certainly because the S&P500 Index is currently trading in the lower part of its 52 week range.
In the last month ALA has a been trading in the 35.33 - 40.35 range, which is quite wide. It is currently trading near the high of this range.
ALA has an average volume of 1022000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, ALA also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 40.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 37.42, a Stop Loss order could be placed below this zone.
More info and screens
32.02
40.45
3 important support areas can be observed.
- A support zone ranging from 36.04 to 37.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @34.82 from a trend line in the weekly time frame.
- A support zone ranging from 32.34 to 33.22. 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 40.01 to 40.05. 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
CRS85.48
Mansfield2.75
10 Day High40.35
10 Day Low35.33
20 Day High40.35
20 Day Low35.33
52 Week High40.35
52 Week Low29.51
Performance
1 Week3.4%
2 Weeks6.67%
1 Month2.52%
3 Month13.84%
6 Month17.12%
12 Month31.03%
2 Year66.58%
3 Year34.38%
5 Year137.26%
10 Year-3.71%
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)0.09
RSI(14)59.84
LBB36.13
UBB41.07
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 |
|---|---|---|---|
| 40.06 | 35.32 | 4.74 (11.83%) | 8.45% |
| An entry @40.06. This is a Buy Stop order right above the resistance zone. | An exit @35.32. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.74 points, which is 11.83%. | When investing 8.45% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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 (4/21/2025, 7:00:00 PM)
39.48
-0.52 (-1.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg-1.3%
1 Week3.4%
2 Weeks6.67%
1 Month2.52%
3 Month13.84%
6 Month17.12%
12 Month31.03%
2 Year66.58%
3 Year34.38%
5 Year137.26%
10 Year-3.71%
15 YearN/A
Volatility
ATR(14)1.11
ATR(20)%2.44%
ATR Inc-33.19%
Range Today0.85
ADR(20)0.95
ADR(20)%2.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.48
Mansfield2.75
10 Day High40.35
10 Day Low35.33
20 Day High40.35
20 Day Low35.33
52 Week High40.35
52 Week Low29.51
CS1 End37.42
CR1 Start40.01
Volume & EV
DER(3)1.84%
DER(5)1.26%
Volume494.18K
Volume Incr-29.73%
Vol(5)727.82K
Vol(50)1.02M