TRANSALTA CORP (TA.CA) Stock Technical Analysis
TSX:TA - Toronto Stock Exchange - CA89346D1078 - Common Stock - Currency: CAD
We assign a technical rating of 7 out of 10 to TA. Although TA has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
TA is one of the better performing stocks in the Independent Power and Renewable Electricity Producers industry, it outperforms 88% of 37 stocks in the same industry.
In the last month TA has a been trading in the 11.55 - 14.41 range, which is quite wide. It is currently trading near the high of this range.
TA has an average volume of 1608290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, TA did better than 83% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
TA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TA is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although TA has an excellent technical rating, it does not offer a high quality setup 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
11.65
14.41
We found 4 important support areas.
- Support @14.00 from a horizontal line in the daily time frame.
- A support zone ranging from 12.55 to 12.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.19 to 12.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.77 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 14.27 to 14.27. 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 | NEUTRAL | NEUTRAL | The long term trend for TA.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TA.CA is up. |
| ChartMill Relative Strength | 83.45 | POSITIVE | TA.CA has a high relative strength, it outperformed 83.45% 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 | MIXED | The current price of TA.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.63 | OVERBOUGHT | The high RSI value suggests TA.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests TA.CA has a positive trend. |
| Stochastics (14,3) | 94.82 | OVERBOUGHT | The high Stochastics value suggests TA.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for TA.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 18.01 | NEGATIVE | The low ADX value for TA.CA suggests a weak or negative 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 (6/3/2025, 7:00:00 PM)
14.255
+0.72 (+5.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg5.28%
1 Week9.15%
2 Weeks11.98%
1 Month13.05%
3 Month6.38%
6 Month-25.37%
12 Month44.14%
2 Year14.96%
3 Year-2.96%
5 Year77.08%
10 Year47.26%
15 Year-27.71%
Volatility
ATR(14)0.38
ATR(20)%3.07%
ATR Inc71.72%
Range Today0.81
ADR(20)0.43
ADR(20)%2.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.45
Mansfield-0.14
10 Day High14.42
10 Day Low12.12
20 Day High14.42
20 Day Low11.56
52 Week High21.22
52 Week Low9.3
CS1 End14
CR1 Start14.27
Volume & EV
DER(3)1.78%
DER(5)0.95%
Volume2.07M
Volume Incr23.66%
Vol(5)1.80M
Vol(50)1.61M