USA - NYSE:TAC - CA89346D1078 - Common Stock
Taking everything into account, TAC scores 5 out of 10 in our technical rating. In the last year, TAC was one of the better performers, but we do observe some doubts in the very recent evolution.
TAC has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
9.12
When analyzing the support we can see 2 important areas.
We found 1 important resistance area.
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 | DOWN | NEGATIVE | The short term trend for TAC is down. |
| ChartMill Relative Strength | 88.48 | POSITIVE | TAC has a high relative strength, it outperformed 88.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TAC is below a declining 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 | POSITIVE | The current price of TAC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.92 | NEUTRAL | The RSI value for TAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests TAC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.91 | OVERSOLD | The low Stochastics value suggests TAC may be oversold. |
| Average True Range in percent/ATR (20) | 5.93 | HIGH VOLATILITY | The high ATR as a percentage value for TAC suggests high volalility. |
| Average Directional Index/ADX (14) | 44.13 | POSITIVE | The high ADX value value for TAC suggests a strong trend. |
13.84
-0.64 (-4.42%)
ChartMill assigns a technical rating of 5 / 10 to TAC.
The current trend direction for TRANSALTA CORP (TAC) is Bullish.
TRANSALTA CORP (TAC) has an RSI value of 33.9212. This indicates that the stock is currently neutral.
The MACD indicator for TRANSALTA CORP (TAC) has a value of -0.32659, indicating a bearish trend.
The buy/sell signal for TRANSALTA CORP (TAC) is hold as the short term and long term trends are mixed.