TRANSALTA CORP - TACN 2.877 PERP (TA-PR-D.CA) Stock Technical Analysis
TSX:TA-PR-D - Toronto Stock Exchange - CA89346D7687 - Currency: CAD
We assign a technical rating of 7 out of 10 to TA-PR-D. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TA-PR-D is only an average performer.
Warning: TA-PR-D has an average volume of 17138 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
TA-PR-D is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When comparing the performance of all stocks over the past year, TA-PR-D turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
TA-PR-D is an average performer in the Independent Power and Renewable Electricity Producers industry, it outperforms 69% of 40 stocks in the same industry.
In the last month TA-PR-D has a been trading in a tight range between 15.58 and 16.05.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, TA-PR-D also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 16.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.94, a Stop Loss order could be placed below this zone.
More info and screens
14.34
16.21
3 important support areas can be observed.
- A support zone ranging from 15.63 to 15.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.24 to 15.30. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 14.48 to 14.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 16.04 to 16.05. 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
CRS66.86
Mansfield-0.12
10 Day High16.03
10 Day Low15.7
20 Day High16.05
20 Day Low15.58
52 Week High16.06
52 Week Low0
Performance
1 Week1.71%
2 Weeks-0.12%
1 Month1.07%
3 Month6.16%
6 Month8.68%
12 Month15.91%
2 Year18.39%
3 Year2.82%
5 Year54.13%
10 Year24.26%
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
RSI(14)60.12
LBB15.72
UBB16.07
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 |
|---|---|---|---|
| 16.06 | 15.69 | 0.37 (2.30%) | 25.00% |
| An entry @16.06. This is a Buy Stop order right above the resistance zone. | An exit @15.69. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.37 points, which is 2.30%. | For a 0.58% 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.
TRANSALTA CORP - TACN 2.877 PERP
TSX:TA-PR-D (2/20/2025, 7:00:00 PM)
16.03
+0.14 (+0.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg0.88%
1 Week1.71%
2 Weeks-0.12%
1 Month1.07%
3 Month6.16%
6 Month8.68%
12 Month15.91%
2 Year18.39%
3 Year2.82%
5 Year54.13%
10 Year24.26%
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%0.85%
ATR Inc42.25%
Range Today0
ADR(20)0.1
ADR(20)%0.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.86
Mansfield-0.12
10 Day High16.03
10 Day Low15.7
20 Day High16.05
20 Day Low15.58
52 Week High16.06
52 Week Low0
CS1 End15.94
CR1 Start16.04
Volume & EV
DER(3)0%
DER(5)0%
Volume700
Volume Incr-96.22%
Vol(5)1.25K
Vol(50)17.14K