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.

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.
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