TRANSALTA CORP - TACN 6.894 PERP (TA-PR-H.CA) Stock Technical Analysis
TSX:TA-PR-H - Toronto Stock Exchange - CA89346D7273 - Currency: CAD
Overall TA-PR-H 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-H is only an average performer.
Warning: TA-PR-H has an average volume of 7621 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-H 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-H is leading the market.
In the last month TA-PR-H has a been trading in the 22.94 - 24.87 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, TA-PR-H turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
TA-PR-H is an average performer in the Independent Power and Renewable Electricity Producers industry, it outperforms 63% of 37 stocks in the same industry.
Volume is considerably higher in the last couple of days.
Although TA-PR-H has an excellent technical rating, it does not present a decent entry opportunity 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
21.73
25.12
We found 2 important support areas.
- A support zone ranging from 23.26 to 23.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.95 to 22.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 24.56 to 24.87. 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-H.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TA-PR-H.CA is up. |
| ChartMill Relative Strength | 63.72 | NEUTRAL | TA-PR-H.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-H.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TA-PR-H.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TA-PR-H.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.49 | OVERBOUGHT | The high RSI value suggests TA-PR-H.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests TA-PR-H.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.24 | OVERBOUGHT | The high Stochastics value suggests TA-PR-H.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.74 | LOW VOLATILITY | The low ATR as a percentage value for TA-PR-H.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 30.84 | POSITIVE | The high ADX value value for TA-PR-H.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 6.894 PERP
TSX:TA-PR-H (5/30/2025, 7:00:00 PM)
24.55
-0.32 (-1.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-1.29%
1 Week2.55%
2 Weeks3.19%
1 Month6.97%
3 Month2.38%
6 Month7.11%
12 Month10.64%
2 Year15.97%
3 Year1.95%
5 Year92.4%
10 Year31.78%
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%0.74%
ATR Inc214.83%
Range Today0.15
ADR(20)0.15
ADR(20)%0.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.72
Mansfield0.26
10 Day High24.87
10 Day Low23.78
20 Day High24.87
20 Day Low22.94
52 Week High24.87
52 Week Low20.55
CS1 End23.69
CR1 Start24.56
Volume & EV
DER(3)0%
DER(5)0%
Volume7.50K
Volume Incr69.9%
Vol(5)17.43K
Vol(50)7.62K