TRANSALTA CORP - TACN 5.854 PERP (TA-PR-F.CA) Stock Technical Analysis
TSX:TA-PR-F - Toronto Stock Exchange - CA89346D7356 - Currency: CAD
Overall TA-PR-F gets a technical rating of 7 out of 10. Although TA-PR-F is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: TA-PR-F has an average volume of 5077 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
TA-PR-F 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-F turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
TA-PR-F is part of the Independent Power and Renewable Electricity Producers industry. There are 40 other stocks in this industry, TA-PR-F did better than 66% of them.
In the last month TA-PR-F has a been trading in a tight range between 20.78 and 21.40.
Considerably lower volume is observed in the last couple of days.
TA-PR-F has an excellent technical rating and 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 21.40. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.25, a Stop Loss order could be placed below this zone.
More info and screens
17.82
21.61
When analyzing the support we can see 4 important areas.
- A support zone ranging from 20.85 to 21.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.14 to 20.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 19.35 to 19.50. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 18.00 to 18.15. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 21.40 to 21.40. 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
CRS65.79
Mansfield0.11
10 Day High21.39
10 Day Low21.1
20 Day High21.4
20 Day Low20.78
52 Week High21.4
52 Week Low17.75
Performance
1 Week0.95%
2 Weeks0.9%
1 Month1.14%
3 Month6.34%
6 Month7.14%
12 Month14.95%
2 Year6.5%
3 Year0.61%
5 Year56.62%
10 Year22.06%
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)-0.01
RSI(14)57.78
LBB20.94
UBB21.48
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 |
|---|---|---|---|
| 21.41 | 21.09 | 0.32 (1.49%) | 25.00% |
| An entry @21.41. This is a Buy Stop order right above the resistance zone. | An exit @21.09. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.32 points, which is 1.49%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.37%. |
- 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 5.854 PERP
TSX:TA-PR-F (2/21/2025, 7:00:00 PM)
21.3
-0.04 (-0.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-0.19%
1 Week0.95%
2 Weeks0.9%
1 Month1.14%
3 Month6.34%
6 Month7.14%
12 Month14.95%
2 Year6.5%
3 Year0.61%
5 Year56.62%
10 Year22.06%
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%0.71%
ATR Inc-29.72%
Range Today0.07
ADR(20)0.11
ADR(20)%0.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.79
Mansfield0.11
10 Day High21.39
10 Day Low21.1
20 Day High21.4
20 Day Low20.78
52 Week High21.4
52 Week Low17.75
CS1 End21.25
CR1 Start21.4
Volume & EV
DER(3)-6.43%
DER(5)-3.86%
Volume2.90K
Volume Incr-51%
Vol(5)2.88K
Vol(50)5.08K