ALTAGAS LTD (ALA.CA) Stock Technical Analysis
TSX:ALA - Toronto Stock Exchange - CA0213611001 - Common Stock - Currency: CAD
We assign a technical rating of 7 out of 10 to ALA. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
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.
The short term is neutral, but the long term trend is still positive. Not much to worry about 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 77% of all stocks. On top of that, ALA also shows a nice and consistent pattern of rising prices.
ALA is one of the better performing stocks in the Gas Utilities industry, it outperforms 100% of 8 stocks in the same industry.
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 has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 37.84, 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.
More info and screens
32.23
41.22
We found 4 important support areas.
- A support zone ranging from 37.25 to 37.84. 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 40.21 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 | 77.88 | POSITIVE | ALA.CA has a high relative strength, it outperformed 77.88% 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) | UP | MIXED | The current price of ALA.CA is below 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) | 45.97 | NEUTRAL | The RSI value for ALA.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ALA.CA has a positive trend. |
| Stochastics (14,3) | 50.54 | NEUTRAL | The Stochastics value for ALA.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for ALA.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 20.43 | 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)
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 |
|---|---|---|---|
| 38.69 | 37.24 | 1.45 (3.75%) | 25.00% |
| An entry @38.69. This is a Buy Stop order right above the 10 day high. | An exit @37.24. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.45 points, which is 3.75%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.94%. |
- 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 (5/28/2025, 7:00:00 PM)
37.95
-0.51 (-1.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg-1.33%
1 Week-0.24%
2 Weeks1.25%
1 Month-6.73%
3 Month7.05%
6 Month10.84%
12 Month23.41%
2 Year64.86%
3 Year24.26%
5 Year156.77%
10 Year-4.31%
15 YearN/A
Volatility
ATR(14)0.67
ATR(20)%1.96%
ATR Inc3.84%
Range Today0.69
ADR(20)0.75
ADR(20)%1.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.88
Mansfield0.6
10 Day High38.68
10 Day Low37.08
20 Day High40.98
20 Day Low37.08
52 Week High40.98
52 Week Low29.67
CS1 End37.84
CR1 Start40.21
Volume & EV
DER(3)3.82%
DER(5)1.83%
Volume830.79K
Volume Incr-16.86%
Vol(5)717.44K
Vol(50)882.18K