Technical Analysis for TAC - TransAlta Corporation

Grade Last Price % Change Price Change
grade D 6.27 -1.72% -0.11
TAC closed down 1.72 percent on Friday, August 7, 2020, on 66 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. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Down
Historical TAC trend table...

Date Alert Name Type % Chg
Fell Below 200 DMA Bearish 0.00%
Fell Below 20 DMA Bearish 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
NR7 Range Contraction 0.00%
200 DMA Support Bullish -1.72%
20 DMA Support Bullish -1.72%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -1.72%
Bollinger Band Squeeze Range Contraction -1.72%
MACD Bearish Signal Line Cross Bearish -2.64%

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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.
Energy Natural Gas Electricity 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 8.5
52 Week Low 3.63
Average Volume 226,418
200-Day Moving Average 6.33
50-Day Moving Average 6.16
20-Day Moving Average 6.35
10-Day Moving Average 6.39
Average True Range 0.17
ADX 16.05
+DI 20.20
-DI 19.94
Chandelier Exit (Long, 3 ATRs ) 6.08
Chandelier Exit (Short, 3 ATRs ) 6.36
Upper Bollinger Band 6.56
Lower Bollinger Band 6.14
Percent B (%b) 0.3
BandWidth 6.61
MACD Line 0.08
MACD Signal Line 0.10
MACD Histogram -0.019
Fundamentals Value
Market Cap 1.81 Billion
Num Shares 288 Million
EPS 0.09
Price-to-Earnings (P/E) Ratio 69.67
Price-to-Sales 0.88
Price-to-Book 0.84
PEG Ratio -2.41
Dividend 0.13
Dividend Yield 2.07%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 6.47
Resistance 3 (R3) 6.47 6.41 6.43
Resistance 2 (R2) 6.41 6.36 6.41 6.42
Resistance 1 (R1) 6.34 6.33 6.31 6.34 6.41
Pivot Point 6.28 6.28 6.27 6.28 6.28
Support 1 (S1) 6.21 6.23 6.18 6.21 6.13
Support 2 (S2) 6.15 6.20 6.15 6.12
Support 3 (S3) 6.08 6.15 6.11
Support 4 (S4) 6.08