TRANSALTA CORP (TAC)
CA89346D1078 - Common Stock
Overall TAC gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. TAC was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, TAC is a bad performer in the overall market: 81% of all stocks are doing better.
TAC is part of the Independent Power and Renewable Electricity Producers industry. There are 21 other stocks in this industry, of which 75% are performing better than TAC.
TAC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
TAC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
TAC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. 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 7.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.95, a Stop Loss order could be placed below this zone.
More info and screens
6.77
9.36
We found 1 important support area.
- A support zone ranging from 6.84 to 6.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 7.16 to 7.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.27 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.42
Mansfield-2.45
10 Day High7.33
10 Day Low6.68
20 Day High7.33
20 Day Low6.22
52 Week High10.4
52 Week Low5.94
Performance
1 Week-2.32%
2 Weeks6.88%
1 Month14.95%
3 Month3.77%
6 Month-14.68%
12 Month-26.44%
2 Year-37.23%
3 Year-20.73%
5 Year8.17%
10 Year-40.37%
15 Year-61.01%
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)
Technical Indicators
MACD(12,26,9)0.02
RSI(14)61.46
LBB6.48
UBB7.45
TRANSALTA CORP
NYSE:TAC (5/15/2024, 7:11:09 PM)
After market: 7.15 0 (0%)7.15
+0.19 (+2.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg2.73%
1 Week-2.32%
2 Weeks6.88%
1 Month14.95%
3 Month3.77%
6 Month-14.68%
12 Month-26.44%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.22
ATR(20)%3.04%
ATR Inc
Range Today0.2
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High7.33
10 Day Low6.68
20 Day High7.33
20 Day Low6.22
52 Week High10.4
52 Week Low5.94
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume766.80K
Volume Incr15.22%
Vol(5)1.17M
Vol(50)928.96K