ALTAGAS LTD - ALACN 3.06 PERP (ALA-PR-A.CA) Stock Technical Analysis
Canada - TSX:ALA-PR-A - CA0213612090
24.99 CAD
0 (0%)
We assign a technical rating of 7 out of 10 to ALA-PR-A. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ALA-PR-A is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
ALA-PR-A is part of the Gas Utilities industry. There are 8 other stocks in this industry. ALA-PR-A outperforms 100% of them.
ALA-PR-A is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When comparing the performance of all stocks over the past year, ALA-PR-A turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
In the last month ALA-PR-A has a been trading in a tight range between 24.57 and 25.20.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, ALA-PR-A also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 24.90, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
20.78
25.48
4 important support areas can be observed.
- A support zone ranging from 24.44 to 24.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.62 from a horizontal line in the daily time frame.
- Support @21.53 from a trend line in the weekly time frame.
- Support @20.99 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 25.00 to 25.23. 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 | 68.92 | NEUTRAL | ALA-PR-A.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ALA-PR-A.CA is below 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) | 54.46 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 12.5 | OVERSOLD | The low Stochastics value suggests ALA-PR-A.CA may be oversold. |
| Average True Range in percent/ATR (20) | 0.27 | LOW VOLATILITY | The low ATR as a percentage value for ALA-PR-A.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 12.72 | NEGATIVE | The low ADX value for ALA-PR-A.CA suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 25.01 | 24.95 | 0.06 (0.24%) | 25.00% |
| An entry @25.01. This is a Buy Stop order right above the 10 day moving average. | An exit @24.95. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.06 points, which is 0.24%. | For a 0.06% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ALA-PR-A. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:ALA-PR-A (9/26/2025, 7:00:00 PM)
24.99
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg0%
1 Week0%
2 Weeks-0.64%
1 Month1.59%
3 Month9.75%
6 Month19.17%
12 Month33.99%
2 Year72.23%
3 Year71.16%
5 Year108.25%
10 Year60.81%
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%0.27%
ATR Inc-38.24%
Range Today0.04
ADR(20)0.04
ADR(20)%0.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.92
Mansfield0.47
10 Day High25.18
10 Day Low24.96
20 Day High25.2
20 Day Low24.57
52 Week High25.2
52 Week Low18.24
CS1 End24.9
CR1 Start25
Volume & EV
DER(3)0%
DER(5)0%
Volume1.46M
Volume Incr513.1%
Vol(5)601.14K
Vol(50)111.96K