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ALTAGAS LTD (ALA.CA) Stock Technical Analysis

TSX:ALA - Toronto Stock Exchange - CA0213611001 - Common Stock - Currency: CAD

34.5  -0.56 (-1.6%)

Technical Rating and Analysis

5

We assign a technical rating of 5 out of 10 to ALA. In the last year, ALA was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

The long and short term trends are both positive. This is looking good!
ALA is one of the better performing stocks in the Gas Utilities industry, it outperforms 85% of 8 stocks in the same industry.
ALA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ALA is lagging the market slightly.
In the last month ALA has a been trading in the 32.14 - 35.39 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When compared to the yearly performance of all other stocks, ALA outperforms 66% of them, which is more or less in line with the market.
Weekly and Daily overview Charts
ALTAGAS LTD / ALA Weekly stock chart
ALTAGAS LTD / ALA Daily stock chart
Setup Rating and Analysis

7

Although the technical rating is only medium, ALA does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 35.46. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 34.38, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ALA in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
Support and Resistance Analysis

31.82

36.07

When analyzing the support we notice one important area.

  • A support zone ranging from 32.14 to 34.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We found 1 important resistance area.

  • A resistance zone ranging from 35.46 to 35.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.38
Mansfield-0.27
10 Day High35.39
10 Day Low32.14
20 Day High35.39
20 Day Low32.14
52 Week High35.77
52 Week Low28.08
Performance
1 Week-1%
2 Weeks2.86%
1 Month-1.37%
3 Month2.19%
6 Month2.43%
12 Month22.12%
2 Year47.31%
3 Year23.57%
5 Year71.9%
10 Year-23.32%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.04
RSI(14)52.92
LBB33.22
UBB35.39
ALTAGAS LTD / ALA Daily stock chart

ALTAGAS LTD

TSX:ALA (2/14/2025, 7:00:00 PM)

34.5

-0.56 (-1.6%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg-1.6%
1 Week-1%
2 Weeks2.86%
1 Month-1.37%
3 Month2.19%
6 Month2.43%
12 Month22.12%
2 Year47.31%
3 Year23.57%
5 Year71.9%
10 Year-23.32%
15 YearN/A
Volatility
ATR(14)0.66
ATR(20)%1.71%
ATR Inc26.29%
Range Today0.77
ADR(20)0.58
ADR(20)%1.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.38
Mansfield-0.27
10 Day High35.39
10 Day Low32.14
20 Day High35.39
20 Day Low32.14
52 Week High35.77
52 Week Low28.08
CS1 End34.38
CR1 Start35.46
Volume & EV
DER(3)3.55%
DER(5)2.37%
Volume538.54K
Volume Incr-10.61%
Vol(5)596.61K
Vol(50)921.69K