ALTAGAS LTD (ALA.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:ALA - CA0213611001 - Common Stock
We assign a technical rating of 2 out of 10 to ALA. ALA has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- ALA is one of the better performing stocks in the Gas Utilities industry, it outperforms 80% of 6 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 39.70 - 42.70 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, ALA outperforms 54% of them, which is more or less in line with the market.
ALA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 41.65. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 41.33, a Stop Loss order could be placed below this zone.
More info and screens
39.76
We found 1 important support area.
- A support zone ranging from 40.16 to 41.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 41.65 to 42.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 43.44 to 44.11. 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 | NEUTRAL | NEUTRAL | The long term trend for ALA.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ALA.CA is neutral. |
| ChartMill Relative Strength | 54.83 | NEUTRAL | ALA.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ALA.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ALA.CA is below a declining 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) | 53.24 | NEUTRAL | The RSI value for ALA.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests ALA.CA has a positive trend. |
| Stochastics (14,3) | 60.53 | NEUTRAL | The Stochastics value for ALA.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.66 | LOW VOLATILITY | The low ATR as a percentage value for ALA.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 14.7 | NEGATIVE | The low ADX value for ALA.CA suggests a weak or negative trend. |
TSX:ALA (1/26/2026, 7:00:00 PM)
41.58
+0.69 (+1.69%)
ALTAGAS LTD / ALA.CA FAQ
What is the technical rating for ALA stock?
ChartMill assigns a technical rating of 2 / 10 to ALA.CA.
Can you provide the trend direction for ALTAGAS LTD?
The current trend direction for ALTAGAS LTD (ALA.CA) is Bearish.
Can you provide the RSI signal for ALTAGAS LTD?
ALTAGAS LTD (ALA.CA) has an RSI value of 53.2355. This indicates that the stock is currently neutral.
What is the support and resistance level for ALA stock?
ALTAGAS LTD (ALA.CA) has a support level at 41.33 and a resistance level at 41.65. Check the full technical report for our detailed analysis of ALA.CA support and resistance levels.