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ALTAGAS LTD - ALACN 3.06 PERP (ALA-PR-A.CA) Stock Technical Analysis

TSX:ALA-PR-A - Toronto Stock Exchange - CA0213612090 - Currency: CAD

21.09  -0.16 (-0.75%)

Technical Rating and Analysis

8

Overall ALA-PR-A gets a technical rating of 8 out of 10. Although ALA-PR-A is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Warning: ALA-PR-A has an average volume of 11502 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!
ALA-PR-A is part of the Gas Utilities industry. There are 8 other stocks in this industry. ALA-PR-A outperforms 71% of them.
ALA-PR-A is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ALA-PR-A is lagging the market slightly.
When compared to the yearly performance of all other stocks, ALA-PR-A outperforms 68% of them, which is more or less in line with the market.
In the last month ALA-PR-A has a been trading in a tight range between 20.75 and 21.91.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
ALTAGAS LTD - ALACN 3.06 PERP / ALA-PR-A Weekly stock chart
ALTAGAS LTD - ALACN 3.06 PERP / ALA-PR-A Daily stock chart
Setup Rating and Analysis

2

Although ALA-PR-A has an excellent technical rating, it does not present a decent entry opportunity 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.

Support and Resistance Analysis

18.07

22.07

When analyzing the support we can see 3 important areas.

  • Support @19.41 from a trend line in the weekly time frame.
  • A support zone ranging from 18.71 to 18.72. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • A support zone ranging from 18.25 to 18.40. 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 21.20 to 21.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.22
Mansfield0.14
10 Day High21.9
10 Day Low20.99
20 Day High21.91
20 Day Low20.75
52 Week High21.91
52 Week Low17.4
Performance
1 Week-2.5%
2 Weeks-3.03%
1 Month1.83%
3 Month13.45%
6 Month10.3%
12 Month11.06%
2 Year33.48%
3 Year6.52%
5 Year53.38%
10 Year3.84%
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)-0.13
RSI(14)49.25
LBB20.98
UBB22.06
ALTAGAS LTD - ALACN 3.06 PERP / ALA-PR-A Daily stock chart

ALTAGAS LTD - ALACN 3.06 PERP

TSX:ALA-PR-A (2/7/2025, 7:00:00 PM)

21.09

-0.16 (-0.75%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg-0.75%
1 Week-2.5%
2 Weeks-3.03%
1 Month1.83%
3 Month13.45%
6 Month10.3%
12 Month11.06%
2 Year33.48%
3 Year6.52%
5 Year53.38%
10 Year3.84%
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%1%
ATR Inc-39%
Range Today0.08
ADR(20)0.19
ADR(20)%0.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.22
Mansfield0.14
10 Day High21.9
10 Day Low20.99
20 Day High21.91
20 Day Low20.75
52 Week High21.91
52 Week Low17.4
CS1 End19.41
CR1 Start21.2
Volume & EV
DER(3)0%
DER(5)1.73%
Volume808
Volume Incr-93.71%
Vol(5)1.27K
Vol(50)11.50K