Technical Analysis for ALA - AltaGas Ltd.

Grade Last Price % Change Price Change
A 28.420 1.65% 0.460
ALA closed up 1.65 percent on Thursday, December 7, 2023, on 1.44 times normal volume. The bulls were able to push the stock to a new 52-week high.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
MACD Bullish Signal Line Cross Bullish 0.00%
New 52 Week Closing High Bullish 0.00%
New 52 Week High Strength 0.00%
Above Upper BB Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
New 52 Week Closing High Bullish 1.65%
Pocket Pivot Bullish Swing Setup 1.65%
20 DMA Support Bullish 4.03%
Gapped Down Weakness 3.99%
Three Weeks Tight Range Contraction 2.53%

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Alert Time
Rose Above Upper Bollinger Band about 3 hours ago
Upper Bollinger Band Resistance about 5 hours ago
Possible NR7 about 5 hours ago
Up 1% about 8 hours ago
Rose Above Previous Day's High about 9 hours ago

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Profile

AltaGas Ltd. Description

AltaGas Ltd is a Canada-based energy infrastructure company. The Company operates through three segments: Gas, Power and Utilities. The Gas segment transacts approximately two billion cubic feet per day (Bcf/d) of natural gas and includes natural gas gathering and processing, natural gas liquids extraction and separation, transmission, storage and natural gas marketing, as well as its interest in Petrogas Energy Corp. The Power segment includes generation assets located across North America with over 2,000 megawatt (MW) of capacity from over five fuel types, with opportunities to expand in California and across the United States, as well as the opportunity to develop new gas-fired and renewable generation in Alberta to replace coal. The Utilities segment serves over 560,000 customers through ownership of regulated natural gas distribution utilities across North America and a regulated natural gas storage utility in the United States, delivering natural gas to homes and businesses.


Classification

Sector: Energy
Industry: Oil & Gas Midstream
Keywords: Energy Natural Gas Marketing Infrastructure Storage Liquids Utilities Coal Natural Gas Liquids Extraction Energy Infrastructure Gas Storage Natural Gas Condensate Natural Gas Distribution Natural Gas Storage Economy Of North America Utilities Segment Altagas Natural Gas Gathering Natural Gas In The United States

Is ALA 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 28.47
52 Week Low 21.0075
Average Volume 608,858
200-Day Moving Average 24.750
50-Day Moving Average 26.663
20-Day Moving Average 27.461
10-Day Moving Average 27.547
Average True Range 0.505
RSI (14) 64.03
ADX 20.64
+DI 32.967
-DI 17.894
Chandelier Exit (Long, 3 ATRs) 26.954
Chandelier Exit (Short, 3 ATRs) 27.616
Upper Bollinger Bands 28.375
Lower Bollinger Band 26.546
Percent B (%b) 1.02
BandWidth 6.660
MACD Line 0.325
MACD Signal Line 0.294
MACD Histogram 0.031
Fundamentals Value
Market Cap 7.94 Billion
Num Shares 279 Million
EPS 1.19
Price-to-Earnings (P/E) Ratio 23.88
Price-to-Sales 0.97
Price-to-Book 0.83
PEG Ratio 1.92
Dividend 0.96
Dividend Yield 3.38%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 29.275
Resistance 3 (R3) 29.197 28.833 29.133
Resistance 2 (R2) 28.833 28.616 28.873 29.085
Resistance 1 (R1) 28.627 28.481 28.730 28.705 29.037
Pivot Point 28.263 28.263 28.315 28.303 28.263
Support 1 (S1) 28.057 28.046 28.160 28.135 27.803
Support 2 (S2) 27.693 27.911 27.733 27.755
Support 3 (S3) 27.487 27.693 27.708
Support 4 (S4) 27.565