ALTAGAS LTD (ALA.CA) Stock Technical Analysis
Canada - TSX:ALA - CA0213611001 - Common Stock
42.74 CAD
-0.7 (-1.61%)
We assign a technical rating of 8 out of 10 to ALA. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ALA is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
ALA is part of the Gas Utilities industry. There are 8 other stocks in this industry. ALA outperforms 85% of them.
ALA is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month ALA has a been trading in the 40.45 - 43.69 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.
When compared to the yearly performance of all other stocks, ALA outperforms 65% of them, which is more or less in line with the market.
Volume is considerably higher in the last couple of days.
ALA has an excellent technical rating, but the quality of the setup is only medium 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
36.89
43.17
We found 4 important support areas.
- A support zone ranging from 41.13 to 42.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 39.70 to 40.16. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @38.58 from a horizontal line in the daily time frame.
- A support zone ranging from 37.26 to 37.43. 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 | UP | POSITIVE | The short term trend for ALA.CA is up. |
| ChartMill Relative Strength | 65.59 | NEUTRAL | ALA.CA is not amongst the best or worst performers 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) | 56.69 | NEUTRAL | The RSI value for ALA.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests ALA.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.84 | OVERBOUGHT | The high Stochastics value suggests ALA.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.6 | LOW VOLATILITY | The low ATR as a percentage value for ALA.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 31.54 | POSITIVE | The high ADX value value for ALA.CA suggests a strong 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 |
|---|---|---|---|
| 42.58 | 40.96 | 1.62 (3.80%) | 25.00% |
| An entry @42.58. This is a Buy Stop order right above the resistance zone. | An exit @40.96. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.62 points, which is 3.80%. | For a 0.95% 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 (9/29/2025, 7:00:00 PM)
42.74
-0.7 (-1.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg-1.61%
1 Week-0.12%
2 Weeks1.8%
1 Month4.14%
3 Month10.16%
6 Month9.03%
12 Month27.58%
2 Year63.19%
3 Year60.72%
5 Year164.37%
10 Year29.29%
15 Year98.64%
Volatility
ATR(14)0.7
ATR(20)%1.6%
ATR Inc66.02%
Range Today0.57
ADR(20)0.65
ADR(20)%1.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.59
Mansfield0.27
10 Day High43.69
10 Day Low40.97
20 Day High43.69
20 Day Low40.46
52 Week High43.69
52 Week Low32.02
CS1 End42.23
CR1 Start42.57
Volume & EV
DER(3)3.93%
DER(5)2.34%
Volume419.78K
Volume Incr12.07%
Vol(5)1.13M
Vol(50)801.85K