TRANSALTA CORP (TAC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TAC - CA89346D1078 - Common Stock
12.53 USD
-0.04 (-0.32%)
12.7824 USD
+0.25 (+2.01%)
Overall TAC gets a technical rating of 0 out of 10. TAC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, TAC is a bad performer in the overall market: 77% of all stocks are doing better.
TAC is one of the lesser performing stocks in the Independent Power and Renewable Electricity Producers industry. 78% of 20 stocks in the same industry do better.
In the last month TAC has a been trading in the 12.49 - 15.24 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
TAC has an average volume of 2117310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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.
The technical rating of TAC is bad and it also does not present a 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.
More info and screens
9.25
14.70
3 important support areas can be observed.
- A support zone ranging from 12.52 to 12.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.68 from a trend line in the weekly time frame.
- Support @9.34 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 13.66 to 13.89. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @14.55 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for TAC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TAC is down. |
| ChartMill Relative Strength | 23.67 | NEGATIVE | TAC has a low relative strength, it was outperformed by 76.33% 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) | DOWN | NEGATIVE | The current price of TAC is below a declining 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) | 28.63 | OVERSOLD | The low RSI value suggests TAC may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests TAC has a negative trend. |
| Stochastics (14,3) | 2.46 | OVERSOLD | The low Stochastics value suggests TAC may be oversold. |
| Average True Range in percent/ATR (20) | 4.24 | MEDIUM VOLATILITY | The ATR as a percentage value for TAC suggests some volalility. |
| Average Directional Index/ADX (14) | 28.45 | POSITIVE | The high ADX value value for TAC suggests a strong trend. |
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)
12.53
-0.04 (-0.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-0.32%
1 Week-9.53%
2 Weeks-10.88%
1 Month-9.47%
3 Month-8.14%
6 Month14.12%
12 Month-9.53%
2 Year50.78%
3 Year39.69%
5 Year65.09%
10 Year253.96%
15 Year-40.92%
Volatility
ATR(14)0.54
ATR(20)%4.24%
ATR Inc-4.7%
Range Today0.42
ADR(20)0.51
ADR(20)%4.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.67
3 months CRS25.57
6 months CRS70.12
Mansfield-0.51
10 Day High15.24
10 Day Low12.49
20 Day High15.24
20 Day Low12.49
52 Week High17.88
52 Week Low7.82
CS1 End12.52
CR1 Start13.66
Volume & EV
DER(3)-2.91%
DER(5)-2.61%
Volume2.42M
Volume Incr24.8%
Vol(5)1.78M
Vol(50)2.12M
TRANSALTA CORP / TAC FAQ
What is the ChartMill technical rating of TRANSALTA CORP (TAC) stock?
ChartMill assigns a technical rating of 0 / 10 to TAC.
What is the trend direction for TAC stock?
The current trend direction for TRANSALTA CORP (TAC) is Bearish.
What is the RSI signal for TAC stock?
TRANSALTA CORP (TAC) has an RSI value of 28.6258. This indicates that the stock is currently oversold.
What is the MACD signal for TAC stock?
The MACD indicator for TRANSALTA CORP (TAC) has a value of -0.130784, indicating a bearish trend.