TRANSALTA CORP - TACN 5.854 PERP (TA-PR-F.CA) Stock Technical Analysis
TSX:TA-PR-F - Toronto Stock Exchange - CA89346D7356 - Currency: CAD
Overall TA-PR-F gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TA-PR-F is only an average performer.
Warning: TA-PR-F has an average volume of 7471 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-F 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-F is leading the market.
In the last month TA-PR-F has a been trading in the 20.50 - 22.15 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-F outperforms 66% of them, which is more or less in line with the market.
TA-PR-F is an average performer in the Independent Power and Renewable Electricity Producers industry, it outperforms 69% of 37 stocks in the same industry.
Volume is considerably higher in the last couple of days.
Although TA-PR-F 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
17.82
22.24
We found 3 important support areas.
- A support zone ranging from 20.81 to 21.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.50 to 20.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.00 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-F.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TA-PR-F.CA is up. |
| ChartMill Relative Strength | 66.18 | NEUTRAL | TA-PR-F.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-F.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TA-PR-F.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TA-PR-F.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.15 | OVERBOUGHT | The high RSI value suggests TA-PR-F.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests TA-PR-F.CA has a positive trend. |
| Stochastics (14,3) | 80.05 | OVERBOUGHT | The high Stochastics value suggests TA-PR-F.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.92 | LOW VOLATILITY | The low ATR as a percentage value for TA-PR-F.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 33.09 | POSITIVE | The high ADX value value for TA-PR-F.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 5.854 PERP
TSX:TA-PR-F (6/3/2025, 7:00:00 PM)
22.02
+0.22 (+1.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg1.01%
1 Week3.14%
2 Weeks4.31%
1 Month6.43%
3 Month2.9%
6 Month9.33%
12 Month16.51%
2 Year21.93%
3 Year2.85%
5 Year99.64%
10 Year50.41%
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%0.92%
ATR Inc8.27%
Range Today0.23
ADR(20)0.15
ADR(20)%0.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.18
Mansfield0.43
10 Day High22.15
10 Day Low21.11
20 Day High22.15
20 Day Low20.5
52 Week High22.15
52 Week Low17.75
CS1 End21.54
CR1 StartN/A
Volume & EV
DER(3)0%
DER(5)0%
Volume6.00K
Volume Incr73.95%
Vol(5)11.83K
Vol(50)7.47K