TRANSALTA CORP - TACN 4.67 PERP (TA-PR-E.CA) Stock Technical Analysis
TSX:TA-PR-E - Toronto Stock Exchange - CA89346D7505 - Currency: CAD
We assign a technical rating of 7 out of 10 to TA-PR-E. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TA-PR-E is only an average performer.
TA-PR-E is one of the lesser performing stocks in the Independent Power and Renewable Electricity Producers industry. 69% of 37 stocks in the same industry do better.
Warning: TA-PR-E has an average volume of 2045 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-E 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-E is performing more or less in line with 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 43% of all stocks.
In the last month TA-PR-E has a been trading in the 16.00 - 17.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although TA-PR-E has an excellent technical rating, it does not offer a high quality setup 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
15.39
17.68
3 important support areas can be observed.
- A support zone ranging from 16.30 to 16.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.84 to 16.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 15.55 to 15.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.30 to 17.50. 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-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 | 43.14 | NEUTRAL | TA-PR-E.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-E.CA is above 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) | 65.28 | NEUTRAL | The RSI value for TA-PR-E.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests TA-PR-E.CA has a positive trend. |
| Stochastics (14,3) | 64.93 | NEUTRAL | The Stochastics value for TA-PR-E.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.06 | LOW VOLATILITY | The low ATR as a percentage value for TA-PR-E.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 34.35 | POSITIVE | The high ADX value value for TA-PR-E.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 4.67 PERP
TSX:TA-PR-E (5/29/2025, 7:00:00 PM)
17.1
+0.3 (+1.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg1.79%
1 Week3.01%
2 Weeks4.59%
1 Month6.21%
3 Month0.65%
6 Month5.69%
12 Month2.09%
2 Year13.47%
3 Year5.23%
5 Year113.75%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%1.06%
ATR Inc107.3%
Range Today0.21
ADR(20)0.12
ADR(20)%0.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.14
Mansfield0.18
10 Day High17.5
10 Day Low16.38
20 Day High17.5
20 Day Low16
52 Week High17.5
52 Week Low15.1
CS1 End16.73
CR1 Start17.3
Volume & EV
DER(3)0%
DER(5)0%
Volume1.50K
Volume Incr22.57%
Vol(5)2.65K
Vol(50)2.05K