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TRANSALTA CORP - TACN 2.877 PERP (TA-PR-D.CA) Stock Technical Analysis

TSX:TA-PR-D - Toronto Stock Exchange - CA89346D7687 - Currency: CAD

15.89  -0.01 (-0.06%)

Technical Rating and Analysis

8

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 15001 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
TA-PR-D 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.
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.
TA-PR-D is part of the Independent Power and Renewable Electricity Producers industry. There are 41 other stocks in this industry, TA-PR-D did better than 70% of them.
In the last month TA-PR-D has a been trading in a tight range between 15.58 and 16.06.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
TRANSALTA CORP - TACN 2.877 PERP / TA-PR-D Weekly stock chart
TRANSALTA CORP - TACN 2.877 PERP / TA-PR-D Daily stock chart
Setup Rating and Analysis

8

TA-PR-D has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 15.85, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TA-PR-D 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.
Support and Resistance Analysis

14.15

16.21

2 important support areas can be observed.

  • A support zone ranging from 15.16 to 15.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 14.29 to 14.86. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

  • A resistance zone ranging from 15.90 to 16.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.19
Mansfield-0.05
10 Day High16.05
10 Day Low15.58
20 Day High16.06
20 Day Low15.58
52 Week High16.06
52 Week Low0
Performance
1 Week-0.69%
2 Weeks-0.13%
1 Month0.82%
3 Month8.02%
6 Month9.74%
12 Month16.41%
2 Year17.36%
3 Year1.92%
5 Year52.79%
10 Year23.18%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.01
RSI(14)55.98
LBB15.65
UBB16.07
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
16.0615.570.49 (3.05%)25.00%
An entry @16.06. This is a Buy Stop order right above the resistance zone.An exit @15.57. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.49 points, which is 3.05%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.76%.

  • 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.
TRANSALTA CORP - TACN 2.877 PERP / TA-PR-D Daily stock chart

TRANSALTA CORP - TACN 2.877 PERP

TSX:TA-PR-D (2/7/2025, 7:00:00 PM)

15.89

-0.01 (-0.06%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-0.06%
1 Week-0.69%
2 Weeks-0.13%
1 Month0.82%
3 Month8.02%
6 Month9.74%
12 Month16.41%
2 Year17.36%
3 Year1.92%
5 Year52.79%
10 Year23.18%
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%0.87%
ATR Inc-29.33%
Range Today0.03
ADR(20)0.11
ADR(20)%0.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.19
Mansfield-0.05
10 Day High16.05
10 Day Low15.58
20 Day High16.06
20 Day Low15.58
52 Week High16.06
52 Week Low0
CS1 End15.85
CR1 Start15.9
Volume & EV
DER(3)13.3%
DER(5)7.98%
Volume3.35K
Volume Incr-90.39%
Vol(5)2.75K
Vol(50)15.00K