ALTAGAS LTD - ALACN 5.34 PERP (ALA-PR-B.CA) Stock Technical Analysis
TSX:ALA-PR-B - Toronto Stock Exchange - CA0213613080 - Currency: CAD
Overall ALA-PR-B gets a technical rating of 8 out of 10. Although ALA-PR-B is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: ALA-PR-B has an average volume of 975 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.
ALA-PR-B is part of the Gas Utilities industry. There are 8 other stocks in this industry. ALA-PR-B outperforms 71% of them.
ALA-PR-B 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-B is leading the market.
In the last month ALA-PR-B has a been trading in the 22.82 - 25.01 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that ALA-PR-B is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Considerably lower volume is observed in the last couple of days.
Although ALA-PR-B has an excellent technical rating, the quality of the presented setup is not ideal 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
19.97
25.20
We found 5 important support areas.
- A support zone ranging from 23.63 to 23.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.73 to 23.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.50 from a trend line in the weekly time frame.
- A support zone ranging from 20.95 to 21.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 20.17 to 20.47. 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-B.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALA-PR-B.CA is up. |
| ChartMill Relative Strength | 73.04 | POSITIVE | ALA-PR-B.CA has a high relative strength, it outperformed 73.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALA-PR-B.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALA-PR-B.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALA-PR-B.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.91 | NEUTRAL | The RSI value for ALA-PR-B.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests ALA-PR-B.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 98.02 | OVERBOUGHT | The high Stochastics value suggests ALA-PR-B.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.71 | LOW VOLATILITY | The low ATR as a percentage value for ALA-PR-B.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 41.88 | POSITIVE | The high ADX value value for ALA-PR-B.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-B (7/31/2025, 7:00:00 PM)
24.95
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg0%
1 Week1.42%
2 Weeks8.43%
1 Month7.27%
3 Month19.61%
6 Month11.88%
12 Month21.59%
2 Year43.23%
3 Year46.59%
5 Year112.34%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.48
ATR(20)%1.71%
ATR Inc-84.51%
Range Today0.01
ADR(20)0.2
ADR(20)%0.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.04
Mansfield0.27
10 Day High25.01
10 Day Low23.2
20 Day High25.01
20 Day Low22.82
52 Week High25.01
52 Week Low20
CS1 End23.9
CR1 StartN/A
Volume & EV
DER(3)0%
DER(5)0%
Volume1.20K
Volume Incr-54.57%
Vol(5)540
Vol(50)975.24