TRANSALTA CORP - TACN 6.773 PERP (TA-PR-J.CA) Stock Technical Analysis
TSX:TA-PR-J - Toronto Stock Exchange - CA89346D6770 - Currency: CAD
We assign a technical rating of 7 out of 10 to TA-PR-J. Although TA-PR-J 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-J has an average volume of 5179 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-J 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-J is leading the market.
When compared to the yearly performance of all other stocks, TA-PR-J outperforms 52% of them, which is more or less in line with the market.
TA-PR-J is an average performer in the Independent Power and Renewable Electricity Producers industry, it outperforms 44% of 37 stocks in the same industry.
In the last month TA-PR-J has a been trading in a tight range between 24.15 and 25.10.
Volume is considerably higher in the last couple of days.
Although TA-PR-J has an excellent technical rating, it does not present a decent entry opportunity 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
22.82
25.35
3 important support areas can be observed.
- A support zone ranging from 24.10 to 24.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.70 from a trend line in the weekly time frame.
- A support zone ranging from 23.05 to 23.25. 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 24.97 to 25.10. This zone is formed by a combination of multiple trend lines and important moving averages 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-J.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TA-PR-J.CA is up. |
| ChartMill Relative Strength | 52.6 | NEUTRAL | TA-PR-J.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-J.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TA-PR-J.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TA-PR-J.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.55 | NEUTRAL | The RSI value for TA-PR-J.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests TA-PR-J.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.67 | OVERBOUGHT | The high Stochastics value suggests TA-PR-J.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.52 | LOW VOLATILITY | The low ATR as a percentage value for TA-PR-J.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 30.52 | POSITIVE | The high ADX value value for TA-PR-J.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 6.773 PERP
TSX:TA-PR-J (5/30/2025, 7:00:00 PM)
24.86
-0.24 (-0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-0.96%
1 Week-0.56%
2 Weeks-0.08%
1 Month1.89%
3 Month1.43%
6 Month7.16%
12 Month5.34%
2 Year248500%
3 Year8.51%
5 Year76.31%
10 Year25.24%
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%0.52%
ATR Inc91.67%
Range Today0.23
ADR(20)0.09
ADR(20)%0.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.6
Mansfield0.11
10 Day High25.1
10 Day Low24.75
20 Day High25.1
20 Day Low24.15
52 Week High25.1
52 Week Low22.32
CS1 End24.74
CR1 Start24.97
Volume & EV
DER(3)0%
DER(5)0%
Volume8.30K
Volume Incr351.2%
Vol(5)17.54K
Vol(50)5.18K