TRANSALTA CORP (TA.CA) Stock Technical Analysis
Canada - TSX:TA - CA89346D1078 - Common Stock
18.09 CAD
+0.33 (+1.86%)
We assign a technical rating of 8 out of 10 to TA. Although TA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
TA is part of the Independent Power and Renewable Electricity Producers industry. There are 34 other stocks in this industry. TA outperforms 93% of them.
In the last month TA has a been trading in the 16.49 - 18.23 range, which is quite wide. It is currently trading near the high of this range.
TA has an average volume of 1321430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that TA is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
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.
Although TA 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
13.01
18.27
When analyzing the support we can see 2 important areas.
- A support zone ranging from 16.51 to 16.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.14 from a trend line in the weekly 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 | 75.35 | POSITIVE | TA.CA has a high relative strength, it outperformed 75.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TA.CA is above 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 | POSITIVE | The current price of TA.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.5 | NEUTRAL | The RSI value for TA.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests TA.CA has a positive trend. |
| Stochastics (14,3) | 91.06 | OVERBOUGHT | The high Stochastics value suggests TA.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for TA.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 37.37 | 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)
TSX:TA (9/17/2025, 7:00:00 PM)
18.09
+0.33 (+1.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg1.86%
1 Week2.9%
2 Weeks8.91%
1 Month5.48%
3 Month19.64%
6 Month28.85%
12 Month36.12%
2 Year52.92%
3 Year48.16%
5 Year120.88%
10 Year191.77%
15 Year-17.62%
Volatility
ATR(14)0.41
ATR(20)%2.22%
ATR Inc11.95%
Range Today0.58
ADR(20)0.39
ADR(20)%2.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.35
Mansfield0.55
10 Day High18.23
10 Day Low16.52
20 Day High18.23
20 Day Low16.49
52 Week High21.22
52 Week Low11.16
CS1 End16.87
CR1 StartN/A
Volume & EV
DER(3)2.94%
DER(5)6.27%
Volume1.14M
Volume Incr-3.56%
Vol(5)1.00M
Vol(50)1.32M