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TRANSALTA CORP (TAC) Stock Technical Analysis

NYSE:TAC - CA89346D1078 - Common Stock

12.28 USD
+0.16 (+1.32%)
Last: 9/5/2025, 8:04:00 PM
12.28 USD
0 (0%)
After Hours: 9/5/2025, 8:04:00 PM
Technical Rating and Analysis

8

Taking everything into account, TAC scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, TAC has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
In the last month TAC has a been trading in the 11.94 - 12.66 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
TAC has an average volume of 1132500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, TAC did better than 83% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
TAC is part of the Independent Power and Renewable Electricity Producers industry. There are 20 other stocks in this industry, TAC did better than 52% 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.
Weekly and Daily overview Charts
TRANSALTA CORP / TAC Weekly stock chart
TRANSALTA CORP / TAC Daily stock chart
Setup Rating and Analysis

9

TAC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 12.38. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.25, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TAC in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
Support and Resistance Analysis

8.98

12.75

2 important support areas can be observed.

  • A support zone ranging from 11.90 to 12.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @9.07 from a trend line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 12.38 to 12.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for TAC is up.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for TAC is neutral.
ChartMill Relative Strength83.98POSITIVETAC has a high relative strength, it outperformed 83.98% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of TAC is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of TAC is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of TAC is above the rising SMA(200).
Relative Strength Index/RSI (14)53.15NEUTRALThe RSI value for TAC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.05NEGATIVEThe MACD value suggests TAC has a negative trend, although the MACD value is rising.
Stochastics (14,3)28.5NEUTRALThe Stochastics value for TAC is a neutral value.
Average True Range in percent/ATR (20)2.3MEDIUM VOLATILITYThe ATR as a percentage value for TAC suggests some volalility.
Average Directional Index/ADX (14)22.64NEUTRALThe ADX value for TAC suggests a possible start of a new trend.
Chart- and CandleStick Pattern Analysis
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)
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
12.6311.930.70 (5.54%)18.04%
An entry @12.63. This is a Buy Stop order right above the resistance zone.An exit @11.93. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.70 points, which is 5.54%.When investing 18.04% of your capital in this trade, your total portfolio risk will be 1.00%.

  • 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.
TRANSALTA CORP / TAC Daily stock chart

TRANSALTA CORP

NYSE:TAC (9/5/2025, 8:04:00 PM)

After market: 12.28 0 (0%)

12.28

+0.16 (+1.32%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg1.32%
1 Week-2.62%
2 Weeks-0.24%
1 Month2.16%
3 Month18.53%
6 Month31.76%
12 Month37.51%
2 Year41.15%
3 Year39.07%
5 Year99.67%
10 Year164.09%
15 Year-42.56%
Volatility
ATR(14)0.28
ATR(20)%2.3%
ATR Inc-27.64%
Range Today0.25
ADR(20)0.28
ADR(20)%2.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.98
Mansfield0.27
10 Day High12.66
10 Day Low11.94
20 Day High12.66
20 Day Low11.94
52 Week High14.64
52 Week Low7.82
CS1 End12.25
CR1 Start12.38
Volume & EV
DER(3)3.93%
DER(5)2.38%
Volume524.70K
Volume Incr-5.15%
Vol(5)1.12M
Vol(50)1.13M