ALTAGAS LTD (ALA.CA) Stock Technical Analysis
TSX:ALA - Toronto Stock Exchange - CA0213611001 - Common Stock - Currency: CAD
Overall ALA gets a technical rating of 7 out of 10. In the last year, ALA was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that ALA is one of the better performing stocks in the market, outperforming 79% of all stocks. We also observe that the gains produced by ALA over the past year are nicely spread over this period.
ALA is one of the better performing stocks in the Gas Utilities industry, it outperforms 100% of 8 stocks in the same industry.
ALA 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 is performing more or less in line with the market.
In the last month ALA has a been trading in the 37.08 - 40.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although ALA 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
32.48
41.22
4 important support areas can be observed.
- A support zone ranging from 37.20 to 37.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @36.55 from a horizontal line in the daily time frame.
- Support @35.53 from a trend line in the weekly time frame.
- Support @32.81 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 40.21 to 40.81. 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.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ALA.CA is neutral. |
| ChartMill Relative Strength | 79.38 | POSITIVE | ALA.CA has a high relative strength, it outperformed 79.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALA.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ALA.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALA.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.49 | NEUTRAL | The RSI value for ALA.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ALA.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.4 | NEUTRAL | The Stochastics value for ALA.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for ALA.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 21.89 | NEUTRAL | The ADX value for ALA.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)
TSX:ALA (5/27/2025, 7:00:00 PM)
38.46
+0.44 (+1.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg1.16%
1 Week2.53%
2 Weeks2.67%
1 Month-4.83%
3 Month8.49%
6 Month12.32%
12 Month25.07%
2 Year67.07%
3 Year25.93%
5 Year160.22%
10 Year-3.03%
15 YearN/A
Volatility
ATR(14)0.66
ATR(20)%1.92%
ATR Inc-19.08%
Range Today0.68
ADR(20)0.74
ADR(20)%1.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.38
Mansfield0.68
10 Day High38.68
10 Day Low37.08
20 Day High40.98
20 Day Low37.08
52 Week High40.98
52 Week Low29.67
CS1 End37.91
CR1 Start40.21
Volume & EV
DER(3)2.31%
DER(5)0.42%
Volume991.98K
Volume Incr-19.42%
Vol(5)687.82K
Vol(50)897.27K