TRANSALTA CORP (TA.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:TA - CA89346D1078 - Common Stock
We assign a technical rating of 0 out of 10 to TA. TA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, TA is a bad performer in the overall market: 94% of all stocks are doing better.
- TA is part of the Independent Power and Renewable Electricity Producers industry. There are 33 other stocks in this industry, of which 93% are performing better than TA.
- In the last month TA has a been trading in the 16.61 - 19.35 range, which is quite wide. It is currently trading near the lows of this range.
- TA has an average volume of 1439550 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 a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 17.86. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.80, a Stop Loss order could be placed below this zone.
More info and screens
14.09
When analyzing the support we can see 2 important areas.
- A support zone ranging from 16.80 to 16.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.23 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.86 to 17.86. 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 | DOWN | NEGATIVE | The long term trend for TA.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TA.CA is down. |
| ChartMill Relative Strength | 6.95 | NEGATIVE | TA.CA has a low relative strength, it was outperformed by 93.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TA.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TA.CA is below a declining 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) | 32.18 | NEUTRAL | The RSI value for TA.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests TA.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 12.03 | OVERSOLD | The low Stochastics value suggests TA.CA may be oversold. |
| Average True Range in percent/ATR (20) | 3 | MEDIUM VOLATILITY | The ATR as a percentage value for TA.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 24.48 | NEUTRAL | The ADX value for TA.CA suggests a possible start of a new trend. |
TSX:TA (1/15/2026, 7:00:00 PM)
17.16
+0.26 (+1.54%)
TRANSALTA CORP / TA.CA FAQ
Can you provide the ChartMill technical rating for TRANSALTA CORP?
ChartMill assigns a technical rating of 0 / 10 to TA.CA.
What is the current trend direction of TRANSALTA CORP (TA.CA) stock?
The current trend direction for TRANSALTA CORP (TA.CA) is Bearish.
Can you provide the RSI signal for TRANSALTA CORP?
TRANSALTA CORP (TA.CA) has an RSI value of 32.1757. This indicates that the stock is currently neutral.
What is the MACD signal for TA stock?
The MACD indicator for TRANSALTA CORP (TA.CA) has a value of 0.042595, indicating a bearish trend.
What is the short term momentum for TRANSALTA CORP (TA.CA) stock?
The short term momentum for TRANSALTA CORP (TA.CA) is negative.