ALTAGAS LTD - ALACN 6.017 PERP (ALA-PR-G.CA) Stock Technical Analysis
Canada - TSX:ALA-PR-G - CA0213618865
We assign a technical rating of 5 out of 10 to ALA-PR-G. ALA-PR-G has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
ALA-PR-G has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 25.45. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.33, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
21.68
3 important support areas can be observed.
- A support zone ranging from 25.17 to 25.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.95 to 24.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 21.90 to 22.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 25.45 to 25.64. 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-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 | 41.82 | NEUTRAL | ALA-PR-G.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ALA-PR-G.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ALA-PR-G.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALA-PR-G.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.37 | 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) | 72.15 | NEUTRAL | The Stochastics value for ALA-PR-G.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.53 | LOW VOLATILITY | The low ATR as a percentage value for ALA-PR-G.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 20.39 | NEUTRAL | The ADX value for ALA-PR-G.CA suggests a possible start of a new trend. |
ALTAGAS LTD - ALACN 6.017 PERP
TSX:ALA-PR-G (10/8/2025, 7:00:00 PM)
25.36
-0.02 (-0.08%)