TRANSALTA CORP (TAC) Stock Technical Analysis
NYSE:TAC - New York Stock Exchange, Inc. - CA89346D1078 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to TAC. Although TAC 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 TAC has a been trading in the 10.28 - 13.64 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, TAC did better than 88% of all other stocks. On top of that, TAC also shows a nice and consistent pattern of rising prices.
TAC is part of the Independent Power and Renewable Electricity Producers industry. There are 19 other stocks in this industry. TAC outperforms 88% of them.
TAC has an average volume of 1869500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
TAC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TAC is lagging the market.
Volume is considerably higher in the last couple of days.
TAC has an average technical rating and also the quality of the setup is only medium 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
10.10
14.47
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.39 to 10.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.20 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @11.29 from a horizontal line in the daily time frame.
- Resistance @14.33 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
CRS88.27
Mansfield1.12
10 Day High11.65
10 Day Low10.28
20 Day High13.64
20 Day Low10.28
52 Week High14.64
52 Week Low5.94
Performance
1 Week4.61%
2 Weeks0.28%
1 Month-18.78%
3 Month1.4%
6 Month24.71%
12 Month48.7%
2 Year34.73%
3 Year7.18%
5 Year45.72%
10 Year15.71%
15 Year-47.85%
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)0.08
RSI(14)42.07
LBB10.24
UBB11.31
10.9
-0.38 (-3.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-3.37%
1 Week4.61%
2 Weeks0.28%
1 Month-18.78%
3 Month1.4%
6 Month24.71%
12 Month48.7%
2 Year34.73%
3 Year7.18%
5 Year45.72%
10 Year15.71%
15 Year-47.85%
Volatility
ATR(14)0.41
ATR(20)%5.06%
ATR Inc136.32%
Range Today0.78
ADR(20)0.53
ADR(20)%4.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.27
Mansfield1.12
10 Day High11.65
10 Day Low10.28
20 Day High13.64
20 Day Low10.28
52 Week High14.64
52 Week Low5.94
CS1 End10.68
CR1 Start11.29
Volume & EV
DER(3)-0.2%
DER(5)0.35%
Volume5.54M
Volume Incr30.47%
Vol(5)2.88M
Vol(50)1.87M