ALTAGAS LTD - ALACN 3.06 PERP (ALA-PR-A.CA) Stock Technical Analysis
TSX:ALA-PR-A - Toronto Stock Exchange - CA0213612090 - Currency: CAD
Overall ALA-PR-A gets a technical rating of 10 out of 10. 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 19896 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!
When comparing the yearly performance of all stocks, we notice that ALA-PR-A is one of the better performing stocks in the market, outperforming 76% of all stocks. On top of that, ALA-PR-A also shows a nice and consistent pattern of rising prices.
ALA-PR-A is one of the better performing stocks in the Gas Utilities industry, it outperforms 100% 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 however is also trading near new highs, which makes the performance in line with 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.
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
19.21
25.30
We found 6 important support areas.
- A support zone ranging from 24.62 to 24.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.03 from a trend line in the daily time frame.
- Support @22.62 from a horizontal line in the daily time frame.
- A support zone ranging from 20.98 to 20.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.95 from a trend line in the daily time frame.
- Support @19.40 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.88 to 25.05. This zone is formed by a combination of multiple trend lines 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 | 76.13 | POSITIVE | ALA-PR-A.CA has a high relative strength, it outperformed 76.13% 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) | 62.24 | NEUTRAL | The RSI value for ALA-PR-A.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests ALA-PR-A.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 68.57 | NEUTRAL | The Stochastics value for ALA-PR-A.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.34 | LOW VOLATILITY | The low ATR as a percentage value for ALA-PR-A.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 36.76 | 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 (8/8/2025, 7:00:00 PM)
24.87
+0.53 (+2.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg2.18%
1 Week-0.72%
2 Weeks0.08%
1 Month5.16%
3 Month18.2%
6 Month17.92%
12 Month30.07%
2 Year70.23%
3 Year46.29%
5 Year99.92%
10 Year68.04%
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%1.34%
ATR Inc113.7%
Range Today0.13
ADR(20)0.27
ADR(20)%1.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.13
Mansfield0.97
10 Day High25.05
10 Day Low24
20 Day High25.05
20 Day Low23.48
52 Week High25.05
52 Week Low18.24
CS1 End24.86
CR1 Start24.88
Volume & EV
DER(3)0%
DER(5)0%
Volume8.42K
Volume Incr-24.65%
Vol(5)22.82K
Vol(50)19.90K