ALTAGAS LTD - ALACN 3.06 PERP (ALA-PR-A.CA) Stock Technical Analysis
TSX:ALA-PR-A - Toronto Stock Exchange - CA0213612090 - Currency: CAD
Taking everything into account, ALA-PR-A scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ALA-PR-A has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: ALA-PR-A has an average volume of 6742 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.
Looking at the yearly performance, ALA-PR-A did better than 75% of all other stocks. We also observe that the gains produced by ALA-PR-A over the past year are nicely spread over this period.
ALA-PR-A is one of the better performing stocks in the Gas Utilities industry, it outperforms 85% of 8 stocks in the same industry.
ALA-PR-A is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ALA-PR-A is leading the market.
ALA-PR-A is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
Although ALA-PR-A has an excellent technical rating, it 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
19.02
23.15
When analyzing the support we can see 5 important areas.
- A support zone ranging from 22.43 to 22.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 20.99 to 21.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @20.44 from a trend line in the weekly time frame.
- A support zone ranging from 19.64 to 19.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.21 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 22.76 to 22.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ALA-PR-A.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALA-PR-A.CA is up. |
| ChartMill Relative Strength | 75.58 | POSITIVE | ALA-PR-A.CA has a high relative strength, it outperformed 75.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALA-PR-A.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALA-PR-A.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALA-PR-A.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.13 | NEUTRAL | The RSI value for ALA-PR-A.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ALA-PR-A.CA has a negative trend. |
| Stochastics (14,3) | 73.7 | NEUTRAL | The Stochastics value for ALA-PR-A.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.66 | LOW VOLATILITY | The low ATR as a percentage value for ALA-PR-A.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 47.47 | POSITIVE | The high ADX value value for ALA-PR-A.CA suggests a strong trend. |
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)
TSX:ALA-PR-A (6/20/2025, 7:00:00 PM)
22.66
-0.05 (-0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg-0.22%
1 Week-0.79%
2 Weeks-0.18%
1 Month6.14%
3 Month8.21%
6 Month12.18%
12 Month26.95%
2 Year51.88%
3 Year37.08%
5 Year110.2%
10 Year24.71%
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%0.66%
ATR Inc29.35%
Range Today0.16
ADR(20)0.11
ADR(20)%0.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.58
Mansfield0.86
10 Day High22.92
10 Day Low22.5
20 Day High22.92
20 Day Low21.35
52 Week High22.92
52 Week Low17.94
CS1 End22.65
CR1 Start22.76
Volume & EV
DER(3)0%
DER(5)0%
Volume600
Volume Incr-87.5%
Vol(5)1.56K
Vol(50)6.74K