ALTAGAS LTD (ALA.CA) Stock Technical Analysis
TSX:ALA - Toronto Stock Exchange - CA0213611001 - Common Stock - Currency: CAD
Taking everything into account, ALA scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, ALA has proven to be a steady performer, scoring decent points in every aspect analyzed.
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 71% of all stocks. We also observe that the gains produced by ALA over the past year are nicely spread over this period.
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.
ALA is part of the Gas Utilities industry. There are 8 other stocks in this industry, ALA did better than 57% of them.
In the last month ALA has a been trading in a tight range between 37.38 and 39.23.
Considerably lower volume is observed in the last couple of days.
ALA has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 38.62, a Stop Loss order could be placed below this zone.
More info and screens
35.55
41.22
When analyzing the support we can see 3 important areas.
- A support zone ranging from 37.26 to 38.62. 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 @35.91 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @38.85 from a horizontal line in the daily time frame.
- A resistance zone ranging from 39.81 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 | 71.91 | POSITIVE | ALA.CA has a high relative strength, it outperformed 71.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALA.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALA.CA is above 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) | 53.52 | NEUTRAL | The RSI value for ALA.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests ALA.CA has a positive trend. |
| Stochastics (14,3) | 57.59 | NEUTRAL | The Stochastics value for ALA.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.47 | LOW VOLATILITY | The low ATR as a percentage value for ALA.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 11.53 | NEGATIVE | The low ADX value for ALA.CA suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 38.86 | 37.72 | 1.14 (2.93%) | 25.00% |
| An entry @38.86. This is a Buy Stop order right above the resistance zone. | An exit @37.72. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.14 points, which is 2.93%. | For a 0.73% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:ALA (6/17/2025, 7:00:00 PM)
38.68
+0.31 (+0.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg0.81%
1 Week0.91%
2 Weeks-0.44%
1 Month3.12%
3 Month0.44%
6 Month18.76%
12 Month29.15%
2 Year62.52%
3 Year42.42%
5 Year147.16%
10 Year1.68%
15 YearN/A
Volatility
ATR(14)0.54
ATR(20)%1.47%
ATR Inc-9.96%
Range Today0.39
ADR(20)0.56
ADR(20)%1.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.91
Mansfield0.55
10 Day High39.07
10 Day Low37.73
20 Day High39.24
20 Day Low37.38
52 Week High40.98
52 Week Low29.9
CS1 End38.62
CR1 Start38.85
Volume & EV
DER(3)-2.1%
DER(5)0.72%
Volume425.20K
Volume Incr-43.17%
Vol(5)418.62K
Vol(50)785.59K