TRANSALTA CORP - TACN 4.24 PERP (TA-PR-E.CA) Technical Analysis
TSX:TA-PR-E • CA89346D7505
Current stock price
TA-PR-E.CA Technical Rating and Analysis
Taking everything into account, TA-PR-E scores 7 out of 10 in our technical rating. Although TA-PR-E 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-E has an average volume of 2772 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-E is part of the Independent Power and Renewable Electricity Producers industry. There are 32 other stocks in this industry. TA-PR-E outperforms 70% of them.
- TA-PR-E is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so TA-PR-E is leading the market.
- When comparing the performance of all stocks over the past year, TA-PR-E turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
- In the last month TA-PR-E has a been trading in a tight range between 20.42 and 21.15.
- Volume is considerably higher in the last couple of days.
TA-PR-E.CA Weekly and Daily overview Charts
TA-PR-E.CA Setup Rating and Analysis
Besides having an excellent technical rating, TA-PR-E also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 20.73, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TA-PR-E 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
TA-PR-E.CA Support and Resistance Analysis
15.40
We found 5 important support areas.
- A support zone ranging from 20.34 to 20.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.14 from a trend line in the daily time frame.
- A support zone ranging from 18.22 to 18.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.02 from a horizontal line in the weekly time frame.
- Support @15.56 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 20.82 to 21.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
TA-PR-E.CA Technical Indicator Signal Analysis
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-E.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TA-PR-E.CA is up. |
| ChartMill Relative Strength | 61.64 | NEUTRAL | TA-PR-E.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TA-PR-E.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TA-PR-E.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TA-PR-E.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.78 | NEUTRAL | The RSI value for TA-PR-E.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests TA-PR-E.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.53 | NEUTRAL | The Stochastics value for TA-PR-E.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.82 | LOW VOLATILITY | The low ATR as a percentage value for TA-PR-E.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 25.64 | POSITIVE | The high ADX value value for TA-PR-E.CA suggests a strong trend. |
TA-PR-E.CA Chart- and CandleStick Pattern Analysis
TA-PR-E.CA 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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 20.83 | 20.41 | 0.42 (2.01%) | 25.00% |
| An entry @20.83. This is a Buy Stop order right above the 10 day moving average. | An exit @20.41. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.42 points, which is 2.01%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.50%. |
- 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.
TA-PR-E.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TRANSALTA CORP - TACN 4.24 PERP
TSX:TA-PR-E (3/13/2026, 7:00:00 PM)
20.74
0 (0%)
TRANSALTA CORP - TACN 4.24 PERP / TA-PR-E.CA TA FAQ
What is the technical rating for TA-PR-E stock?
ChartMill assigns a technical rating of 7 / 10 to TA-PR-E.CA.
What is the trend direction for TA-PR-E stock?
The current trend direction for TRANSALTA CORP - TACN 4.24 PERP (TA-PR-E.CA) is Bullish.
What is the RSI signal for TA-PR-E stock?
TRANSALTA CORP - TACN 4.24 PERP (TA-PR-E.CA) has an RSI value of 52.7773. This indicates that the stock is currently neutral.
What is the MACD signal for TA-PR-E stock?
The MACD indicator for TRANSALTA CORP - TACN 4.24 PERP (TA-PR-E.CA) has a value of -0.046923, indicating a bearish trend.
What is the short term momentum for TRANSALTA CORP - TACN 4.24 PERP (TA-PR-E.CA) stock?
The short term momentum for TRANSALTA CORP - TACN 4.24 PERP (TA-PR-E.CA) is positive.