ALTAGAS LTD - ALACN 3.06 PERP (ALA-PR-A.CA) Stock Technical Analysis
TSX:ALA-PR-A - Toronto Stock Exchange - CA0213612090 - Currency: CAD
We assign a technical rating of 9 out of 10 to ALA-PR-A. 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 16432 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 77% of all other stocks.
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 making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month ALA-PR-A has a been trading in the 22.48 - 24.88 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Although ALA-PR-A has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
19.13
24.90
5 important support areas can be observed.
- A support zone ranging from 23.17 to 23.25. 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 22.44 to 22.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.75 to 20.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.81 from a trend line in the daily time frame.
- Support @19.32 from a trend line in the weekly time frame.
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 | 77.58 | POSITIVE | ALA-PR-A.CA has a high relative strength, it outperformed 77.58% 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) | 80.06 | OVERBOUGHT | The high RSI value suggests ALA-PR-A.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests ALA-PR-A.CA has a positive trend. |
| Stochastics (14,3) | 95.01 | OVERBOUGHT | The high Stochastics value suggests ALA-PR-A.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.11 | LOW VOLATILITY | The low ATR as a percentage value for ALA-PR-A.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 40.28 | 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 (7/18/2025, 7:00:00 PM)
24.65
+0.34 (+1.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg1.4%
1 Week4.98%
2 Weeks7.17%
1 Month8.3%
3 Month24.81%
6 Month14.12%
12 Month27.52%
2 Year62.17%
3 Year48.85%
5 Year112.5%
10 Year41.1%
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%1.11%
ATR Inc20%
Range Today0.54
ADR(20)0.21
ADR(20)%0.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.58
Mansfield1.11
10 Day High24.88
10 Day Low22.62
20 Day High24.88
20 Day Low22.48
52 Week High24.88
52 Week Low18.24
CS1 End23.25
CR1 StartN/A
Volume & EV
DER(3)0%
DER(5)0%
Volume58.73K
Volume Incr486.66%
Vol(5)64.82K
Vol(50)16.43K