TRANSALTA CORP - TACN 5.74 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 7 out of 10 in our technical rating. Although TA-PR-G 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-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.
Both the short term and long term trends are positive. This is a very positive sign.
TA-PR-G 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-G is performing more or less in line with the market.
In the last month TA-PR-G has a been trading in the 18.25 - 23.03 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
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 64% of all stocks.
TA-PR-G is part of the Independent Power and Renewable Electricity Producers industry. There are 37 other stocks in this industry, TA-PR-G did better than 69% of them.
Considerably lower volume is observed in the last couple of days.
TA-PR-G has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 21.44, a Stop Loss order could be placed below this zone.
More info and screens
19.11
23.26
When analyzing the support we can see 4 important areas.
- A support zone ranging from 21.14 to 21.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.55 from a horizontal line in the daily time frame.
- A support zone ranging from 19.83 to 20.14. 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.
2 important resistance areas can be observed.
- Resistance @22.49 from a horizontal line in the weekly time frame.
- Resistance @23.03 from a horizontal line in the daily 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-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 | 64.32 | 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) | 51.96 | NEUTRAL | The RSI value for TA-PR-G.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TA-PR-G.CA has a positive trend. |
| Stochastics (14,3) | 73.83 | NEUTRAL | The Stochastics value for TA-PR-G.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for TA-PR-G.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 10.34 | 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)
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 |
|---|---|---|---|
| 22.50 | 21.13 | 1.37 (6.09%) | 16.42% |
| An entry @22.50. This is a Buy Stop order right above the resistance zone. | An exit @21.13. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.37 points, which is 6.09%. | When investing 16.42% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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 5.74 PERP
TSX:TA-PR-G (5/30/2025, 7:00:00 PM)
21.55
+0.23 (+1.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg1.08%
1 Week0%
2 Weeks7.75%
1 Month3.36%
3 Month-0.46%
6 Month8.89%
12 Month14.02%
2 Year9.39%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.67
ATR(20)%3.29%
ATR Inc-70.04%
Range Today0.01
ADR(20)0.17
ADR(20)%0.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.32
Mansfield-0.16
10 Day High21.99
10 Day Low20
20 Day High23.03
20 Day Low18.25
52 Week High23.03
52 Week Low18
CS1 End21.44
CR1 Start22.49
Volume & EV
DER(3)0%
DER(5)0%
Volume900
Volume Incr-36.34%
Vol(5)360
Vol(50)817.6