TRANSALTA CORP - TACN 4.69 PERP (TA-PR-E.CA) Stock Technical Analysis
TSX:TA-PR-E - CA89346D7505
18.49 CAD
-0.21 (-1.12%)
We assign a technical rating of 8 out of 10 to TA-PR-E. 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 2319 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 currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TA-PR-E is lagging the market slightly.
When compared to the yearly performance of all other stocks, TA-PR-E outperforms 53% of them, which is more or less in line with the market.
TA-PR-E is part of the Independent Power and Renewable Electricity Producers industry. There are 31 other stocks in this industry, TA-PR-E did better than 63% of them.
In the last month TA-PR-E has a been trading in the 17.52 - 18.92 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although TA-PR-E has an excellent technical rating, the quality of the presented setup is not ideal 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
15.40
18.67
5 important support areas can be observed.
- A support zone ranging from 18.21 to 18.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @17.30 from a horizontal line in the daily time frame.
- A support zone ranging from 16.33 to 16.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 15.84 to 16.02. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @15.56 from a horizontal line in the weekly time frame.
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 | 53.84 | 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) | 59.72 | NEUTRAL | The RSI value for TA-PR-E.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests TA-PR-E.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.08 | OVERBOUGHT | The high Stochastics value suggests TA-PR-E.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.02 | LOW VOLATILITY | The low ATR as a percentage value for TA-PR-E.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 17.71 | NEGATIVE | The low ADX value for TA-PR-E.CA suggests a weak or negative 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 |
|---|---|---|---|
| 18.51 | 18.20 | 0.31 (1.65%) | 25.00% |
| An entry @18.51. This is a Buy Stop order right above the 10 day moving average. | An exit @18.20. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.31 points, which is 1.65%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.41%. |
- 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 4.69 PERP
TSX:TA-PR-E (8/29/2025, 7:00:00 PM)
18.49
-0.21 (-1.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-1.12%
1 Week0%
2 Weeks1.65%
1 Month4.76%
3 Month8.13%
6 Month8.83%
12 Month12.2%
2 Year23.76%
3 Year11.72%
5 Year105.44%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%1.02%
ATR Inc3.79%
Range Today0
ADR(20)0.11
ADR(20)%0.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.84
Mansfield-0.01
10 Day High18.92
10 Day Low18.09
20 Day High18.92
20 Day Low17.52
52 Week High18.92
52 Week Low15.1
CS1 End18.24
CR1 StartN/A
Volume & EV
DER(3)0%
DER(5)0%
Volume100
Volume Incr-76.62%
Vol(5)836
Vol(50)2.32K