ALTAGAS LTD - ALACN 3.06 PERP (ALA-PR-A.CA) Technical Analysis
TSX:ALA-PR-A • CA0213612090
Current stock price
ALA-PR-A.CA Technical Rating and Analysis
Taking everything into account, ALA-PR-A scores 7 out of 10 in our technical rating. 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.
- The long and short term trends are both positive. This is looking good!
- ALA-PR-A is one of the better performing stocks in the Gas Utilities industry, it outperforms 80% of 6 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.
- 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 67% of all stocks.
- In the last month ALA-PR-A has a been trading in a tight range between 24.96 and 25.20.
- Volume is considerably higher in the last couple of days.
ALA-PR-A.CA Weekly and Daily overview Charts
ALA-PR-A.CA Setup Rating and Analysis
Besides having an excellent technical rating, ALA-PR-A also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 25.07. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.98, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
ALA-PR-A.CA Support and Resistance Analysis
20.78
When analyzing the support we can see 4 important areas.
- A support zone ranging from 24.52 to 24.98. 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 @21.60 from a trend line in the weekly time frame.
- Support @20.99 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.07 to 25.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
ALA-PR-A.CA Technical Indicator Signal Analysis
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 | 67.91 | 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) | 55.11 | NEUTRAL | The RSI value for ALA-PR-A.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ALA-PR-A.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.89 | OVERSOLD | The low Stochastics value suggests ALA-PR-A.CA may be oversold. |
| Average True Range in percent/ATR (20) | 0.26 | LOW VOLATILITY | The low ATR as a percentage value for ALA-PR-A.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 11.82 | NEGATIVE | The low ADX value for ALA-PR-A.CA suggests a weak or negative trend. |
ALA-PR-A.CA Chart- and CandleStick Pattern Analysis
ALA-PR-A.CA Example Setup
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 |
|---|---|---|---|
| 25.06 | 24.95 | 0.11 (0.44%) | 25.00% |
| An entry @25.06. This is a Buy Stop order right above the 10 day high. | An exit @24.95. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.11 points, which is 0.44%. | For a 0.11% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
ALA-PR-A.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:ALA-PR-A (9/29/2025, 7:00:00 PM)
25
+0.01 (+0.04%)
ALTAGAS LTD - ALACN 3.06 PERP / ALA-PR-A.CA TA FAQ
What is the ChartMill technical rating of ALTAGAS LTD - ALACN 3.06 PERP (ALA-PR-A.CA) stock?
ChartMill assigns a technical rating of 7 / 10 to ALA-PR-A.CA.
What is the trend direction for ALA-PR-A stock?
The current trend direction for ALTAGAS LTD - ALACN 3.06 PERP (ALA-PR-A.CA) is Bullish.
What is the RSI signal for ALA-PR-A stock?
ALTAGAS LTD - ALACN 3.06 PERP (ALA-PR-A.CA) has an RSI value of 55.1072. This indicates that the stock is currently neutral.
What is the buy/sell signal for ALTAGAS LTD - ALACN 3.06 PERP (ALA-PR-A.CA) stock?
The buy/sell signal for ALTAGAS LTD - ALACN 3.06 PERP (ALA-PR-A.CA) is buy as both the short term and long term trends are positive.
What is the support and resistance level for ALA-PR-A stock?
ALTAGAS LTD - ALACN 3.06 PERP (ALA-PR-A.CA) has a support level at 24.98 and a resistance level at 25.07. Check the full technical report for our detailed analysis of ALA-PR-A.CA support and resistance levels.