TRANSALTA CORP (TA.CA) Stock Technical Analysis
TSX:TA - Toronto Stock Exchange - CA89346D1078 - Common Stock - Currency: CAD
We assign a technical rating of 9 out of 10 to TA. In the last year, TA was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that TA is one of the better performing stocks in the market, outperforming 86% of all stocks.
TA is one of the better performing stocks in the Independent Power and Renewable Electricity Producers industry, it outperforms 91% of 36 stocks in the same industry.
TA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
TA has an average volume of 1589020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TA is lagging the market.
TA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
11.49
16.12
4 important support areas can be observed.
- A support zone ranging from 14.59 to 14.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 14.00 to 14.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.44 from a trend line in the weekly time frame.
- Support @11.61 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 15.04 to 15.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @15.61 from a horizontal line in the daily time frame.
- Resistance @15.96 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.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TA.CA is up. |
| ChartMill Relative Strength | 86.61 | POSITIVE | TA.CA has a high relative strength, it outperformed 86.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TA.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TA.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TA.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.31 | NEUTRAL | The RSI value for TA.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests TA.CA has a negative trend. |
| Stochastics (14,3) | 38.2 | NEUTRAL | The Stochastics value for TA.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.34 | MEDIUM VOLATILITY | The ATR as a percentage value for TA.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 39.63 | POSITIVE | The high ADX value value for TA.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)
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 |
|---|---|---|---|
| 15.25 | 14.58 | 0.67 (4.39%) | 22.76% |
| An entry @15.25. This is a Buy Stop order right above the resistance zone. | An exit @14.58. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.67 points, which is 4.39%. | For a 1.00% total portfolio risk, you can invest 22.76% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TA. Please evaluate whether better entry and exit points can be found.
- 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.
TSX:TA (6/30/2025, 7:00:00 PM)
14.69
+0.06 (+0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg0.41%
1 Week-2.72%
2 Weeks-5.71%
1 Month8.49%
3 Month26.53%
6 Month-28.31%
12 Month55.78%
2 Year18.47%
3 Year0%
5 Year82.48%
10 Year51.76%
15 Year-25.51%
Volatility
ATR(14)0.48
ATR(20)%3.34%
ATR Inc-34.26%
Range Today0.25
ADR(20)0.45
ADR(20)%3.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.61
Mansfield-0.39
10 Day High15.65
10 Day Low14.48
20 Day High15.66
20 Day Low13.6
52 Week High21.22
52 Week Low9.3
CS1 End14.62
CR1 Start15.13
Volume & EV
DER(3)-1.78%
DER(5)-1.15%
Volume813.69K
Volume Incr-51.07%
Vol(5)963.41K
Vol(50)1.59M