Technical Analysis for ALA - AltaGas Ltd.

Grade Last Price % Change Price Change
A 32.570 0.87% 0.280
ALA closed up 0.87 percent on Wednesday, July 24, 2024, on 1.2 times normal volume. The bulls were able to push the stock to a new 52-week high. 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.
Earnings due: Jul 26
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
New 52 Week High Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Up 5 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%

   Recent Intraday Alerts

Alert Time
Possible Pocket Pivot about 9 hours ago
Up 1% about 9 hours ago
Fell Below Upper Bollinger Band about 11 hours ago
Rose Above Previous Day's High about 11 hours ago
New 52 Week High about 11 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 Natural Gas Liquids Coal 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 32.75
52 Week Low 23.3853
Average Volume 990,727
200-Day Moving Average 28.383
50-Day Moving Average 30.654
20-Day Moving Average 31.090
10-Day Moving Average 31.346
Average True Range 0.479
RSI (14) 78.21
ADX 28.61
+DI 34.097
-DI 7.848
Chandelier Exit (Long, 3 ATRs) 31.314
Chandelier Exit (Short, 3 ATRs) 31.336
Upper Bollinger Bands 32.156
Lower Bollinger Band 30.023
Percent B (%b) 1.19
BandWidth 6.859
MACD Line 0.400
MACD Signal Line 0.239
MACD Histogram 0.1611
Fundamentals Value
Market Cap 9.1 Billion
Num Shares 279 Million
EPS 1.19
Price-to-Earnings (P/E) Ratio 27.37
Price-to-Sales 0.97
Price-to-Book 0.83
PEG Ratio 1.92
Dividend 0.96
Dividend Yield 2.95%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 33.485
Resistance 3 (R3) 33.443 33.097 33.333
Resistance 2 (R2) 33.097 32.864 33.118 33.282
Resistance 1 (R1) 32.833 32.720 32.965 32.875 33.231
Pivot Point 32.487 32.487 32.553 32.508 32.487
Support 1 (S1) 32.223 32.254 32.355 32.265 31.909
Support 2 (S2) 31.877 32.110 31.898 31.858
Support 3 (S3) 31.613 31.877 31.808
Support 4 (S4) 31.655