TRANSALTA CORP (TA.CA) Stock Technical Analysis
TSX:TA - Toronto Stock Exchange - CA89346D1078 - Common Stock - Currency: CAD
We assign a technical rating of 5 out of 10 to TA. Although TA is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month TA has a been trading in the 14.61 - 19.54 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that TA is one of the better performing stocks in the market, outperforming 84% of all stocks. On top of that, TA also shows a nice and consistent pattern of rising prices.
TA is part of the Independent Power and Renewable Electricity Producers industry. There are 40 other stocks in this industry. TA outperforms 97% of them.
TA has an average volume of 2152930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
TA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TA is lagging the market.
TA has an average technical rating and it also does not offer a high quality setup 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.
More info and screens
14.59
20.76
We found 1 important support area.
- A support zone ranging from 14.74 to 14.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 15.50 to 15.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @20.55 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.72
Mansfield1.37
10 Day High16.52
10 Day Low14.61
20 Day High19.54
20 Day Low14.61
52 Week High21.22
52 Week Low8.22
Performance
1 Week5.02%
2 Weeks-0.39%
1 Month-19.74%
3 Month3.13%
6 Month31.16%
12 Month56.46%
2 Year40.05%
3 Year20.36%
5 Year54.13%
10 Year31.49%
15 Year-29.4%
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)40.93
LBB14.51
UBB16.25
TSX:TA (2/21/2025, 7:00:00 PM)
15.49
-0.47 (-2.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-2.94%
1 Week5.02%
2 Weeks-0.39%
1 Month-19.74%
3 Month3.13%
6 Month31.16%
12 Month56.46%
2 Year40.05%
3 Year20.36%
5 Year54.13%
10 Year31.49%
15 Year-29.4%
Volatility
ATR(14)0.58
ATR(20)%5.08%
ATR Inc128.39%
Range Today1.05
ADR(20)0.74
ADR(20)%4.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.72
Mansfield1.37
10 Day High16.52
10 Day Low14.61
20 Day High19.54
20 Day Low14.61
52 Week High21.22
52 Week Low8.22
CS1 End14.93
CR1 Start15.5
Volume & EV
DER(3)0.73%
DER(5)0.25%
Volume3.09M
Volume Incr8.27%
Vol(5)2.43M
Vol(50)2.15M