TRANSALTA CORP (TAC) Stock Technical Analysis
NYSE:TAC - New York Stock Exchange, Inc. - CA89346D1078 - Common Stock - Currency: USD
Overall TAC gets a technical rating of 1 out of 10. TAC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
TAC is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
TAC has an average volume of 1751550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, TAC turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.
TAC is an average performer in the Independent Power and Renewable Electricity Producers industry, it outperforms 50% of 21 stocks in the same industry.
In the last month TAC has a been trading in the 7.82 - 9.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, TAC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 8.28, a Stop Loss order could be placed below this zone.
More info and screens
8.07
9.78
We found 1 important support area.
- A support zone ranging from 8.15 to 8.28. 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 9.58 to 9.68. This zone is formed by a combination of multiple trend lines and important moving averages 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
CRS55.17
Mansfield-0.37
10 Day High9.11
10 Day Low7.82
20 Day High9.99
20 Day Low7.82
52 Week High14.64
52 Week Low6.51
Performance
1 Week-2.99%
2 Weeks3.31%
1 Month-13.45%
3 Month-37.42%
6 Month-17.03%
12 Month27.15%
2 Year-5.49%
3 Year-21.44%
5 Year43.86%
10 Year-15.02%
15 Year-58.94%
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)0.02
RSI(14)38.29
LBB7.89
UBB9.56
NYSE:TAC (4/22/2025, 1:34:56 PM)
8.48
+0.05 (+0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg0.59%
1 Week-2.99%
2 Weeks3.31%
1 Month-13.45%
3 Month-37.42%
6 Month-17.03%
12 Month27.15%
2 Year-5.49%
3 Year-21.44%
5 Year43.86%
10 Year-15.02%
15 Year-58.94%
Volatility
ATR(14)0.5
ATR(20)%5.15%
ATR Inc-38.37%
Range Today0.19
ADR(20)0.41
ADR(20)%4.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.17
Mansfield-0.37
10 Day High9.11
10 Day Low7.82
20 Day High9.99
20 Day Low7.82
52 Week High14.64
52 Week Low6.51
CS1 End8.28
CR1 Start9.58
Volume & EV
DER(3)-0.78%
DER(5)-1.99%
Volume222.03K
Volume Incr1.53%
Vol(5)1.18M
Vol(50)1.75M