TRANSALTA CORP (TAC) Stock Technical Analysis
USA - NYSE:TAC - CA89346D1078 - Common Stock
We assign a technical rating of 10 out of 10 to TAC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TAC is showing a nice and steady performance.
TAC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
9.26
We found 3 important support areas.
- Support @16.57 from a horizontal line in the daily time frame.
- Support @13.67 from a trend line in the daily time frame.
- Support @9.35 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 TAC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TAC is up. |
| ChartMill Relative Strength | 92.57 | POSITIVE | TAC has a high relative strength, it outperformed 92.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TAC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TAC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TAC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 76.55 | OVERBOUGHT | The high RSI value suggests TAC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests TAC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.07 | OVERBOUGHT | The high Stochastics value suggests TAC may be overbought. |
| Average True Range in percent/ATR (20) | 3.77 | MEDIUM VOLATILITY | The ATR as a percentage value for TAC suggests some volalility. |
| Average Directional Index/ADX (14) | 63.11 | POSITIVE | The high ADX value value for TAC suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 17.70 | 16.56 | 1.14 (6.44%) | 15.53% |
| An entry @17.70. This is a Buy Stop order right above the 10 day high. | An exit @16.56. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.14 points, which is 6.44%. | For a 1.00% total portfolio risk, you can invest 15.53% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
17.27
+0.04 (+0.23%)
TRANSALTA CORP / TAC FAQ
What is the ChartMill technical rating of TRANSALTA CORP (TAC) stock?
ChartMill assigns a technical rating of 10 / 10 to TAC.
What is the trend direction for TAC stock?
The current trend direction for TRANSALTA CORP (TAC) is Bullish.
What is the RSI signal for TAC stock?
TRANSALTA CORP (TAC) has an RSI value of 76.551. This indicates that the stock is currently overbought.
What is the MACD signal for TAC stock?
The MACD indicator for TRANSALTA CORP (TAC) has a value of 0.0385386, indicating a bearish trend.
Can you provide the buy/sell signal for TRANSALTA CORP?
The buy/sell signal for TRANSALTA CORP (TAC) is buy as both the short term and long term trends are positive.