ALTAGAS LTD - ALACN 6.017 PERP (ALA-PR-G.CA) Stock Technical Analysis
TSX:ALA-PR-G - Toronto Stock Exchange - CA0213618865 - Currency: CAD
Overall ALA-PR-G gets a technical rating of 6 out of 10. Although ALA-PR-G is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
67% of all other stocks performed better in the past year than ALA-PR-G.
ALA-PR-G is one of the lesser performing stocks in the Gas Utilities industry. 85% of 8 stocks in the same industry do better.
Warning: ALA-PR-G has an average volume of 4639 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-G is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ALA-PR-G is performing more or less in line with the market.
In the last month ALA-PR-G has a been trading in a tight range between 23.61 and 24.75.
ALA-PR-G has an average technical rating and it also 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
21.68
25.00
We found 2 important support areas.
- A support zone ranging from 23.64 to 24.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.90 to 22.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 24.26 to 24.75. 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-G.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALA-PR-G.CA is up. |
| ChartMill Relative Strength | 33.4 | NEUTRAL | ALA-PR-G.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALA-PR-G.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALA-PR-G.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ALA-PR-G.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.18 | NEUTRAL | The RSI value for ALA-PR-G.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ALA-PR-G.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.85 | NEUTRAL | The Stochastics value for ALA-PR-G.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.93 | LOW VOLATILITY | The low ATR as a percentage value for ALA-PR-G.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 21.74 | NEUTRAL | The ADX value for ALA-PR-G.CA suggests a possible start of a new 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)
ALTAGAS LTD - ALACN 6.017 PERP
TSX:ALA-PR-G (5/29/2025, 7:00:00 PM)
24.21
-0.13 (-0.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg-0.53%
1 Week0.88%
2 Weeks-0.12%
1 Month4.53%
3 Month-0.37%
6 Month4.17%
12 Month-1.38%
2 Year43.25%
3 Year8.13%
5 Year98.44%
10 Year-2.58%
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%0.93%
ATR Inc83.81%
Range Today0
ADR(20)0.14
ADR(20)%0.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS33.4
Mansfield-0.08
10 Day High24.75
10 Day Low23.93
20 Day High24.75
20 Day Low23.61
52 Week High24.75
52 Week Low21.78
CS1 End24.14
CR1 Start24.26
Volume & EV
DER(3)0%
DER(5)0%
Volume400
Volume Incr-33.31%
Vol(5)3.55K
Vol(50)4.64K