Technical Analysis for TAC - TransAlta Corporation

Grade Last Price % Change Price Change
grade D 4.77 -1.04% -0.05
TAC closed down 1.04 percent on Thursday, January 17, 2019, on 1.78 times normal volume. It ran into resistance at its 50 day moving average. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. 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 Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Down Up
See historical TAC trend table...

Date Alert Name Type % Chg
Jan 17 50 DMA Resistance Bearish 0.00%
Jan 17 Shooting Star Candlestick Bearish 0.00%
Jan 17 Lizard Bearish Bearish Day Trade Setup 0.00%
Jan 17 Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Jan 17 Weak + Overbought Other 0.00%
Jan 17 Weak, Overbought and Reversal Signs Reversal 0.00%
Jan 17 Overbought Stochastic Strength 0.00%
Jan 16 Pocket Pivot Bullish Swing Setup -1.04%
Jan 16 NR7 Range Contraction -1.04%
Jan 16 Overbought Stochastic Strength -1.04%

Older signals for TAC ...

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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.
Is TAC a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 1 bullish, 3 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Recent News
Date Title
Dec 18 TransAlta to invest in Tidewater gas pipeline, Alberta wind project
Dec 17 TransAlta Announces Clean Energy Initiatives and Provides 2019 Outlook
Dec 8 Better Buy: Brookfield Renewable Partners vs. TransAlta Renewables
Dec 7 7 Renewable Energy Stocks to Buy for Sunny Long-Term Returns
Nov 13 TransAlta announces appointment of CFO
Nov 13 Report: Exploring Fundamental Drivers Behind Aehr Test, Computer Task Group, Vicor, Maxar Technologies, Flanigan's Enterprises, and TransAlta — New Horizons, Emerging Trends, and Upcoming Developments
Nov 13 TransAlta Announces Appointment of Chief Financial Officer
Nov 1 TransAlta Corporation 2018 Q3 - Results - Earnings Call Slides
Oct 2 Media Advisory: TransAlta Third Quarter 2018 Results and Conference Call
Aug 4 See what the IHS Markit Score report has to say about TransAlta Corp.
See more TAC news...
Indicators
Indicator Value
52 Week High 6.05
52 Week Low 3.99
Average Volume 57,022
200-Day Moving Average 5.2938
50-Day Moving Average 4.9757
20-Day Moving Average 4.483
10-Day Moving Average 4.663
Average True Range 0.1793
ADX 33.37
+DI 23.3311
-DI 15.946
Chandelier Exit (Long, 3 ATRs ) 4.6621
Chandelier Exit (Short, 3 ATRs ) 4.5279
Upper Bollinger Band 5.0138
Lower Bollinger Band 3.9522
Percent B (%b) 0.77
BandWidth 23.680571
MACD Line -0.0487
MACD Signal Line -0.1291
MACD Histogram 0.0804
Fundamentals Value
Market Cap 1.38 Billion
Num Shares 288 Million
EPS 0.09
Price-to-Earnings (P/E) Ratio 53.00
Price-to-Sales 0.88
Price-to-Book 0.84
PEG Ratio -2.41
Dividend 0.13
Dividend Yield 2.73%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 5.09
Resistance 3 (R3) 5.12 5.05 5.03
Resistance 2 (R2) 5.05 4.97 5.03 5.01
Resistance 1 (R1) 4.91 4.92 4.88 4.88 5.00
Pivot Point 4.84 4.84 4.82 4.82 4.84
Support 1 (S1) 4.70 4.76 4.67 4.67 4.54
Support 2 (S2) 4.63 4.71 4.61 4.53
Support 3 (S3) 4.49 4.63 4.51
Support 4 (S4) 4.46