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TRANSALTA CORP (TA.CA) Stock Technical Analysis

TSX:TA - Toronto Stock Exchange - CA89346D1078 - Common Stock - Currency: CAD

15.5  -0.05 (-0.32%)

Technical Rating and Analysis

5

Overall TA gets a technical rating of 5 out of 10. Although TA is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

In the last month TA has a been trading in the 14.84 - 21.22 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, TA did better than 87% of all other stocks. We also observe that the gains produced by TA over the past year are nicely spread over this period.
TA is one of the better performing stocks in the Independent Power and Renewable Electricity Producers industry, it outperforms 95% of 41 stocks in the same industry.
TA has an average volume of 2133860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
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.
Weekly and Daily overview Charts
TRANSALTA CORP / TA Weekly stock chart
TRANSALTA CORP / TA Daily stock chart
Setup Rating and Analysis

3

TA has an average technical rating and it also does not offer a high quality setup 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.

Support and Resistance Analysis

15.12

20.76

We found 1 important support area.

  • A support zone ranging from 15.27 to 15.49. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

  • A resistance zone ranging from 15.51 to 15.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @16.72 from a horizontal line in the daily time frame.
  • Resistance @20.55 from a horizontal line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.33
Mansfield1.47
10 Day High18.67
10 Day Low14.84
20 Day High21.22
20 Day Low14.84
52 Week High21.22
52 Week Low8.22
Performance
1 Week-7.24%
2 Weeks-19.9%
1 Month-18.93%
3 Month8.01%
6 Month40.4%
12 Month64.02%
2 Year40.14%
3 Year20.44%
5 Year54.23%
10 Year31.58%
15 Year-29.35%
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)
Technical Indicators
MACD(12,26,9)-0.3
RSI(14)32.85
LBB13.28
UBB20.7
TRANSALTA CORP / TA Daily stock chart

TRANSALTA CORP

TSX:TA (2/7/2025, 7:00:00 PM)

15.5

-0.05 (-0.32%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-0.32%
1 Week-7.24%
2 Weeks-19.9%
1 Month-18.93%
3 Month8.01%
6 Month40.4%
12 Month64.02%
2 Year40.14%
3 Year20.44%
5 Year54.23%
10 Year31.58%
15 Year-29.35%
Volatility
ATR(14)0.93
ATR(20)%5.51%
ATR Inc-62.46%
Range Today0.38
ADR(20)0.81
ADR(20)%5.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.33
Mansfield1.47
10 Day High18.67
10 Day Low14.84
20 Day High21.22
20 Day Low14.84
52 Week High21.22
52 Week Low8.22
CS1 End15.49
CR1 Start15.51
Volume & EV
DER(3)2.88%
DER(5)3.96%
Volume2.32M
Volume Incr-28.53%
Vol(5)1.78M
Vol(50)2.13M