USA • New York Stock Exchange • NYSE:TAC • CA89346D1078
We assign a technical rating of 3 out of 10 to TAC. TAC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, TAC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for TAC in the last couple of days, which is a good sign.
9.91
We found 4 important support areas.
When analyzing the resistance we notice 2 important areas.
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 | NEUTRAL | NEUTRAL | The short term trend for TAC is neutral. |
| ChartMill Relative Strength | 61.67 | NEUTRAL | TAC is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of TAC is above 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) | 52.77 | NEUTRAL | The RSI value for TAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests TAC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.65 | NEUTRAL | The Stochastics value for TAC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.28 | MEDIUM VOLATILITY | The ATR as a percentage value for TAC suggests some volalility. |
| Average Directional Index/ADX (14) | 18.37 | NEGATIVE | The low ADX value for TAC suggests a weak or negative trend. |
13.25
-0.36 (-2.65%)
ChartMill assigns a technical rating of 3 / 10 to TAC.
The current trend direction for TRANSALTA CORP (TAC) is Bearish.
TRANSALTA CORP (TAC) has an RSI value of 52.7695. This indicates that the stock is currently neutral.
The short term momentum for TRANSALTA CORP (TAC) is neutral.