Technical Analysis for TAC - TransAlta Corporation
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 7.28 | 0.76% | 0.06 |
TAC closed down 1.23 percent on Friday, May 17, 2024, on 64 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Down | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| NR7 | Range Contraction | 0.76% | |
| NR7-2 | Range Contraction | 0.76% | |
| Stochastic Reached Overbought | Strength | 0.76% | |
| Inside Day | Range Contraction | 0.76% | |
| Overbought Stochastic | Strength | 0.76% | |
| NR7 | Range Contraction | -0.48% | |
| NR7-2 | Range Contraction | -0.48% | |
| NR7 | Range Contraction | 1.75% | |
| Down 3 Days in a Row | Weakness | 4.53% | |
| Down 4 Days in a Row | Weakness | 4.53% |
| Alert | Time |
|---|---|
| Possible NR7 | about 2 hours ago |
| Possible Inside Day | about 2 hours ago |
| 60 Minute Opening Range Breakout | about 4 hours ago |
| 10 DMA Support | about 6 hours ago |
| Fell Below 10 DMA | about 6 hours ago |
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- Earnings date: 05/03/2024
TransAlta Corporation operates as a non-regulated electricity generation and energy marketing company in Canada, the United States, and Australia. The company engages in the generation and wholesale trade of electricity and other energy-related commodities and derivatives. It owns, operates, and manages a portfolio of assets and utilize a range of generation fuels, including coal, natural gas, hydro, wind, and geothermal. As of December 31, 2012, it had a net ownership interest of 7,858 megawatts of generating capacity in operation. TransAlta Corporation has a strategic partnership with MidAmerican Energy Holdings Company to develop, build, and operate new natural gas-fired electricity generation projects in Canada. The company was founded in 1909 and is headquartered in Calgary, Canada.
Sector: Utilities
Industry: Utilities - Independent Power Producers
Keywords: Natural Gas Electricity Electricity Generation Energy Marketing
Classification
Sector: Utilities
Industry: Utilities - Independent Power Producers
Keywords: Natural Gas Electricity Electricity Generation Energy Marketing
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 10.2391 |
| 52 Week Low | 5.94 |
| Average Volume | 929,836 |
| 200-Day Moving Average | 7.79 |
| 50-Day Moving Average | 6.60 |
| 20-Day Moving Average | 6.93 |
| 10-Day Moving Average | 7.17 |
| Average True Range | 0.21 |
| RSI (14) | 61.54 |
| ADX | 29.9 |
| +DI | 24.15 |
| -DI | 13.62 |
| Chandelier Exit (Long, 3 ATRs) | 6.71 |
| Chandelier Exit (Short, 3 ATRs) | 6.84 |
| Upper Bollinger Bands | 7.48 |
| Lower Bollinger Band | 6.37 |
| Percent B (%b) | 0.77 |
| BandWidth | 16.02 |
| MACD Line | 0.19 |
| MACD Signal Line | 0.17 |
| MACD Histogram | 0.0215 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 7.44 | ||||
| Resistance 3 (R3) | 7.44 | 7.37 | 7.40 | ||
| Resistance 2 (R2) | 7.37 | 7.31 | 7.37 | 7.39 | |
| Resistance 1 (R1) | 7.29 | 7.28 | 7.26 | 7.29 | 7.38 |
| Pivot Point | 7.22 | 7.22 | 7.20 | 7.22 | 7.22 |
| Support 1 (S1) | 7.15 | 7.17 | 7.11 | 7.15 | 7.06 |
| Support 2 (S2) | 7.08 | 7.13 | 7.08 | 7.05 | |
| Support 3 (S3) | 7.00 | 7.08 | 7.04 | ||
| Support 4 (S4) | 7.00 |
