TRANSALTA CORP - TACN 2.877 PERP (TA-PR-D.CA) Stock Technical Analysis
TSX:TA-PR-D - Toronto Stock Exchange - CA89346D7687 - Currency: CAD
We assign a technical rating of 8 out of 10 to TA-PR-D. Although TA-PR-D is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: TA-PR-D has an average volume of 6467 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
TA-PR-D is one of the better performing stocks in the Independent Power and Renewable Electricity Producers industry, it outperforms 75% of 37 stocks in the same industry.
TA-PR-D 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 TA-PR-D is performing more or less in line with the market.
In the last month TA-PR-D has a been trading in the 15.07 - 16.90 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, TA-PR-D outperforms 68% of them, which is more or less in line with the market.
Although TA-PR-D has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
14.15
16.80
When analyzing the support we can see 3 important areas.
- A support zone ranging from 15.30 to 15.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.01 from a trend line in the weekly time frame.
- A support zone ranging from 14.29 to 14.71. 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 TA-PR-D.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TA-PR-D.CA is up. |
| ChartMill Relative Strength | 68.14 | NEUTRAL | TA-PR-D.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TA-PR-D.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TA-PR-D.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TA-PR-D.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.83 | NEUTRAL | The RSI value for TA-PR-D.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests TA-PR-D.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.38 | OVERBOUGHT | The high Stochastics value suggests TA-PR-D.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.18 | LOW VOLATILITY | The low ATR as a percentage value for TA-PR-D.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 28.94 | POSITIVE | The high ADX value value for TA-PR-D.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)
TRANSALTA CORP - TACN 2.877 PERP
TSX:TA-PR-D (5/29/2025, 7:00:00 PM)
16.63
-0.27 (-1.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-1.6%
1 Week5.19%
2 Weeks5.65%
1 Month10.5%
3 Month5.59%
6 Month9.84%
12 Month11.76%
2 Year35.2%
3 Year9.05%
5 Year113.21%
10 Year23.64%
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%1.18%
ATR Inc315.84%
Range Today0.33
ADR(20)0.14
ADR(20)%0.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.14
Mansfield0.75
10 Day High16.9
10 Day Low15.75
20 Day High16.9
20 Day Low15.07
52 Week High16.9
52 Week Low13.84
CS1 End15.79
CR1 StartN/A
Volume & EV
DER(3)0%
DER(5)0%
Volume2.40K
Volume Incr390.3%
Vol(5)7.90K
Vol(50)6.47K