TRANSALTA CORP - TACN 5.76 PERP (TA-PR-G.CA) Stock Technical Analysis
TSX:TA-PR-G - Toronto Stock Exchange - CA89346D7430 - Currency: CAD
Taking everything into account, TA-PR-G scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TA-PR-G is only an average performer.
Warning: TA-PR-G has an average volume of 817 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-G 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-G is lagging the market slightly.
When comparing the performance of all stocks over the past year, TA-PR-G turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
TA-PR-G is an average performer in the Independent Power and Renewable Electricity Producers industry, it outperforms 48% of 34 stocks in the same industry.
In the last month TA-PR-G has a been trading in the 20.60 - 24.29 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-G has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
19.11
24.53
We found 3 important support areas.
- A support zone ranging from 21.42 to 21.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 20.00 to 20.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 19.30 to 19.51. 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 24.29 to 24.29. 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-G.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TA-PR-G.CA is up. |
| ChartMill Relative Strength | 53.71 | NEUTRAL | TA-PR-G.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-G.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TA-PR-G.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TA-PR-G.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.53 | NEUTRAL | The RSI value for TA-PR-G.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests TA-PR-G.CA has a positive trend. |
| Stochastics (14,3) | 93.04 | OVERBOUGHT | The high Stochastics value suggests TA-PR-G.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for TA-PR-G.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 11.77 | NEGATIVE | The low ADX value for TA-PR-G.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)
TRANSALTA CORP - TACN 5.76 PERP
TSX:TA-PR-G (8/5/2025, 7:00:00 PM)
23.54
-0.75 (-3.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-3.09%
1 Week8.73%
2 Weeks10.78%
1 Month9.23%
3 Month4.67%
6 Month17.7%
12 Month17.11%
2 Year29.34%
3 Year5.56%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%2.3%
ATR Inc427.91%
Range Today1.48
ADR(20)0.21
ADR(20)%0.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.71
Mansfield0.28
10 Day High24.29
10 Day Low20.9
20 Day High24.29
20 Day Low20.6
52 Week High24.29
52 Week Low18
CS1 End21.5
CR1 Start24.29
Volume & EV
DER(3)0%
DER(5)0%
Volume925
Volume Incr7.19%
Vol(5)1.02K
Vol(50)817.3