Technical Analysis for TAC - TransAlta Corporation

Grade Last Price % Change Price Change
B 8.69 -2.58% -0.23
TAC closed down 2.58 percent on Friday, February 26, 2021, on approximately normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Down
Historical TAC trend table...

Date Alert Name Type % Chg
New Downtrend Bearish 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Stochastic Reached Oversold Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Down 5 Days in a Row Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
1,2,3 Pullback Bullish Bullish Swing Setup -2.58%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -2.58%
Older End-of-Day 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.
Classification

Sector: Utilities
Industry: Utilities - Independent Power Producers
Keywords: Natural Gas Electricity Electricity Generation Berkshire Hathaway 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

Indicators

Indicator Value
52 Week High 9.78
52 Week Low 3.63
Average Volume 277,855
200-Day Moving Average 6.83
50-Day Moving Average 8.46
20-Day Moving Average 9.15
10-Day Moving Average 9.25
Average True Range 0.24
ADX 48.07
+DI 21.40
-DI 23.04
Chandelier Exit (Long, 3 ATRs ) 9.06
Chandelier Exit (Short, 3 ATRs ) 9.32
Upper Bollinger Band 9.65
Lower Bollinger Band 8.65
Percent B (%b) 0.04
BandWidth 10.91
MACD Line 0.16
MACD Signal Line 0.27
MACD Histogram -0.1109
Fundamentals Value
Market Cap 2.38 Billion
Num Shares 274 Million
EPS -0.71
Price-to-Earnings (P/E) Ratio -12.26
Price-to-Sales 1.17
Price-to-Book 1.45
PEG Ratio -2.34
Dividend 0.13
Dividend Yield 1.50%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 9.14
Resistance 3 (R3) 9.18 9.06 9.07
Resistance 2 (R2) 9.06 8.95 9.05 9.04
Resistance 1 (R1) 8.88 8.88 8.82 8.84 9.01
Pivot Point 8.76 8.76 8.74 8.75 8.76
Support 1 (S1) 8.58 8.65 8.52 8.54 8.37
Support 2 (S2) 8.46 8.58 8.45 8.34
Support 3 (S3) 8.28 8.46 8.32
Support 4 (S4) 8.24