Technical Analysis for ALA - AltaGas Ltd.

Grade Last Price % Change Price Change
A 29.940 0.34% 0.100
ALA closed up 0.34 percent on Tuesday, April 23, 2024, on 88 percent of normal volume. The bulls were able to push the stock to a new 52-week high. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
Earnings due: Apr 24
*** please verify all earnings dates ***
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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
New 52 Week Closing High Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Spinning Top Other 0.00%
New 52 Week High Strength 0.00%
Stochastic Reached Overbought Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Multiple of Ten Bearish Other 0.00%
BB Squeeze Ended Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%

   Recent Intraday Alerts

Alert Time
New 52 Week High about 19 hours ago
Rose Above Previous Day's High about 19 hours ago
Rose Above Upper Bollinger Band about 19 hours ago
Possible Inside Day 1 day ago
Possible NR7 1 day 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 Storage Economy Of North America Natural Gas Distribution 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 30.08
52 Week Low 21.8625
Average Volume 910,135
200-Day Moving Average 26.907
50-Day Moving Average 28.966
20-Day Moving Average 29.408
10-Day Moving Average 29.437
Average True Range 0.422
RSI (14) 63.50
ADX 13.94
+DI 24.405
-DI 12.343
Chandelier Exit (Long, 3 ATRs) 28.813
Chandelier Exit (Short, 3 ATRs) 30.027
Upper Bollinger Bands 29.982
Lower Bollinger Band 28.833
Percent B (%b) 0.96
BandWidth 3.906
MACD Line 0.191
MACD Signal Line 0.149
MACD Histogram 0.0423
Fundamentals Value
Market Cap 8.37 Billion
Num Shares 279 Million
EPS 1.19
Price-to-Earnings (P/E) Ratio 25.16
Price-to-Sales 0.97
Price-to-Book 0.83
PEG Ratio 1.92
Dividend 0.96
Dividend Yield 3.21%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 30.465
Resistance 3 (R3) 30.453 30.267 30.378
Resistance 2 (R2) 30.267 30.133 30.273 30.348
Resistance 1 (R1) 30.103 30.050 30.185 30.115 30.319
Pivot Point 29.917 29.917 29.958 29.923 29.917
Support 1 (S1) 29.753 29.783 29.835 29.765 29.561
Support 2 (S2) 29.567 29.700 29.573 29.532
Support 3 (S3) 29.403 29.567 29.503
Support 4 (S4) 29.415