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    Technical Analysis for TAC - TransAlta Corporation

    Grade Last Price % Change Price Change
    A 12.55 7.45% 0.87
    TAC closed up 1.3 percent on Wednesday, December 4, 2024, on approximately normal volume. The bulls were able to push the stock to a new 52-week high. 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.
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    Trend Table & Recent EOD Trading Signals

    ADX Long Term Intermediate Term Short Term
    Strong Up Up Up
    Historical TAC trend table...
    Date Alert Name Type % Chg
    New 52 Week Closing High Bullish 7.45%
    New Uptrend Bullish 7.45%
    New 52 Week High Strength 7.45%
    Upper Bollinger Band Walk Strength 7.45%
    Overbought Stochastic Strength 7.45%
    Upper Bollinger Band Touch Strength 7.45%
    Stochastic Sell Signal Bearish 8.85%
    New 52 Week High Strength 8.85%
    Upper Bollinger Band Walk Strength 8.85%
    Overbought Stochastic Strength 8.85%
    Older End-of-Day Signals for TAC ...

       Recent Intraday Alerts

    Alert Time
    Possible Pocket Pivot about 3 hours ago
    Rose Above Previous Day's High about 5 hours ago
    New 52 Week High about 5 hours ago
    Rose Above Upper Bollinger Band about 5 hours ago
    2x Volume Pace about 5 hours ago
    View Earlier Intraday Alerts

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    TAC Chart by TradingView
    Basic chart:

    Profile

    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.
    Classification
    Sector: Utilities
    Industry: Utilities - Independent Power Producers
    Keywords: Natural Gas Electricity Electricity Generation Energy Marketing

    Is TAC a Buy, Sell or Hold?

    Indicator Bull Case Neutral / Hold Bear Case
    50 DMA
    200 DMA
    ADX Trend
    Oversold / Overbought
    Relative Strength
    Counts: 4 bullish, 0 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.

    Recent News

    Date Title
    Nov 22 TransAlta Stock Downgraded On Recent Gains, Economic Headwinds, And Changing Interest Rate Environment
    Nov 18 TransAlta (TSX:TA) Eyes Growth with New Product Launches and Technological Innovations Despite Challenges
    Nov 15 TransAlta to acquire Heartland Generation from Energy Capital for $542M
    Nov 14 Update On TransAlta: Down 1% In US Premarket Although Reaches Agreement With Competition Bureau On Buying Heartland Generation at a "Reduced Price"
    Nov 14 TransAlta to buy Heartland Generation in reduced C$542M deal
    Nov 14 TransAlta to Acquire Heartland Generation at Reduced Price of $542 Million
    Nov 14 TransAlta to Acquire Heartland Generation from Energy Capital Partners at a Reduced Price of $542 Million
    Nov 6 TransAlta Maintained at Outperform at RBC Following Q3 Results; Price Target Raised to C$16.00
    Nov 6 TransAlta Maintained at Outperform at National Bank Following Q3 Results; Price Target Raised to C$16.00
    Nov 6 TransAlta Third Quarter 2024 Earnings: CA$0.12 loss per share (vs CA$1.41 profit in 3Q 2023)
    See more TAC news...

    Comments

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    Indicators

    Indicator Value
    52 Week High 11.805
    52 Week Low 5.8513
    Average Volume 836,641
    200-Day Moving Average 8.07
    50-Day Moving Average 10.46
    20-Day Moving Average 10.63
    10-Day Moving Average 11.05
    Average True Range 0.35
    RSI (14) 71.43
    ADX 25.45
    +DI 29.63
    -DI 13.51
    Chandelier Exit (Long, 3 ATRs) 10.75
    Chandelier Exit (Short, 3 ATRs) 10.20
    Upper Bollinger Bands 11.70
    Lower Bollinger Band 9.57
    Percent B (%b) 0.99
    BandWidth 20.04
    MACD Line 0.34
    MACD Signal Line 0.22
    MACD Histogram 0.124
    Fundamentals Value
    Market Cap 3.62 Billion
    Num Shares 310 Million
    EPS 1.59
    Price-to-Earnings (P/E) Ratio 7.35
    Price-to-Sales 0.61
    Price-to-Book 3.08
    PEG Ratio -2.34
    Dividend 0.23
    Dividend Yield 1.97%
    Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
    Resistance 4 (R4) 12.23
    Resistance 3 (R3) 12.21 12.01 12.14
    Resistance 2 (R2) 12.01 11.87 12.02 12.11
    Resistance 1 (R1) 11.84 11.78 11.93 11.86 12.08
    Pivot Point 11.64 11.64 11.68 11.65 11.64
    Support 1 (S1) 11.48 11.50 11.56 11.50 11.28
    Support 2 (S2) 11.28 11.42 11.29 11.25
    Support 3 (S3) 11.11 11.28 11.22
    Support 4 (S4) 11.13