TRANSALTA CORP (TAC) Technical Analysis
NYSE:TAC • CA89346D1078
Current stock price
TAC Technical Rating and Analysis
Taking everything into account, TAC scores 6 out of 10 in our technical rating. In the past year, TAC was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, we notice that TAC is one of the better performing stocks in the market, outperforming 74% of all stocks.
- TAC has an average volume of 1449040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- TAC is part of the Independent Power and Renewable Electricity Producers industry. There are 20 other stocks in this industry, TAC did better than 57% of them.
- TAC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TAC is lagging the market.
- In the last month TAC has a been trading in the 11.38 - 14.24 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TAC Weekly and Daily overview Charts
TAC Setup Rating and Analysis
TAC has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
TAC Support and Resistance Analysis
9.78
When analyzing the support we can see 4 important areas.
- Support @12.52 from a horizontal line in the daily time frame.
- A support zone ranging from 12.00 to 12.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 11.77 to 11.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.88 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 13.10 to 13.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 13.59 to 13.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 13.83 to 14.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
TAC Technical Indicator Signal Analysis
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 TAC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TAC is neutral. |
| ChartMill Relative Strength | 74.35 | POSITIVE | TAC has a high relative strength, it outperformed 74.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TAC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TAC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TAC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.42 | NEUTRAL | The RSI value for TAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests TAC has a negative trend. |
| Stochastics (14,3) | 41.28 | NEUTRAL | The Stochastics value for TAC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.86 | MEDIUM VOLATILITY | The ATR as a percentage value for TAC suggests some volalility. |
| Average Directional Index/ADX (14) | 12.33 | NEGATIVE | The low ADX value for TAC suggests a weak or negative trend. |
TAC Chart- and CandleStick Pattern Analysis
TAC Technicals: Chart, Performance Metrics, Trend & Indicators
12.66
-0.84 (-6.22%)
TRANSALTA CORP / TAC TA FAQ
What is the ChartMill technical rating of TRANSALTA CORP (TAC) stock?
ChartMill assigns a technical rating of 6 / 10 to TAC.
What is the current trend direction of TRANSALTA CORP (TAC) stock?
The current trend direction for TRANSALTA CORP (TAC) is Bearish.
What is the RSI signal for TRANSALTA CORP (TAC) stock?
TRANSALTA CORP (TAC) has an RSI value of 41.422. This indicates that the stock is currently neutral.
What is the MACD signal for TAC stock?
The MACD indicator for TRANSALTA CORP (TAC) has a value of -0.0370338, indicating a bearish trend.
What are the support and resistance levels for TRANSALTA CORP (TAC) stock?
TRANSALTA CORP (TAC) has a support level at 12.52 and a resistance level at 13.1. Check the full technical report for our detailed analysis of TAC support and resistance levels.