ALTAGAS LTD (ALA.CA) Stock Technical Analysis
TSX:ALA - Toronto Stock Exchange - CA0213611001 - Common Stock - Currency: CAD
We assign a technical rating of 5 out of 10 to ALA. In the last year, ALA was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month ALA has a been trading in the 37.08 - 40.98 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, ALA did better than 78% of all other stocks. On top of that, ALA also shows a nice and consistent pattern of rising prices.
ALA is part of the Gas Utilities industry. There are 8 other stocks in this industry. ALA outperforms 100% of them.
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.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Although the technical rating is only medium, ALA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 37.85, a Stop Loss order could be placed below this zone.
More info and screens
32.23
41.22
When analyzing the support we can see 4 important areas.
- A support zone ranging from 37.15 to 37.85. 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.
- A support zone ranging from 32.56 to 32.81. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- 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 | DOWN | NEGATIVE | The short term trend for ALA.CA is down. |
| ChartMill Relative Strength | 78.39 | POSITIVE | ALA.CA has a high relative strength, it outperformed 78.39% 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) | 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) | 46.32 | NEUTRAL | The RSI value for ALA.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests ALA.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.28 | NEUTRAL | The Stochastics value for ALA.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.93 | LOW VOLATILITY | The low ATR as a percentage value for ALA.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 23.47 | 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 (5/26/2025, 7:00:00 PM)
38.02
+0.11 (+0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg0.29%
1 Week2.01%
2 Weeks0.16%
1 Month-5.02%
3 Month7.25%
6 Month11.04%
12 Month23.64%
2 Year65.16%
3 Year24.49%
5 Year157.24%
10 Year-4.14%
15 YearN/A
Volatility
ATR(14)0.66
ATR(20)%1.93%
ATR Inc-41.61%
Range Today0.48
ADR(20)0.73
ADR(20)%1.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.39
Mansfield0.76
10 Day High38.29
10 Day Low37.08
20 Day High40.98
20 Day Low37.08
52 Week High40.98
52 Week Low29.67
CS1 End37.85
CR1 Start39.81
Volume & EV
DER(3)2.26%
DER(5)-1.41%
Volume328.98K
Volume Incr-25.12%
Vol(5)631.12K
Vol(50)896.21K