Technical Analysis for RNW - TransAlta Renewables Inc.

Grade Last Price % Change Price Change
D 19.22 -2.83% -0.560
RNW closed up 2.38 percent on Friday, October 15, 2021, on 8.42 times normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.
Earnings due: Oct 28
*** please verify all earnings dates ***

Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -2.83%
Pocket Pivot Bullish Swing Setup -2.83%
Volume Surge Other -2.83%
Stochastic Reached Overbought Strength -2.83%
Overbought Stochastic Strength -2.83%
20 DMA Support Bullish -0.52%
Calm After Storm Range Contraction -0.52%
Doji - Bearish? Reversal -0.52%
Slingshot Bearish Bearish Swing Setup -0.57%
Crossed Above 20 DMA Bullish -0.57%
Older End-of-Day Signals for RNW ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
20 DMA Support about 7 hours ago
Down 3% about 7 hours ago
Down 1 ATR about 7 hours ago
Non-ADX 1,2,3,4 Bearish Retracement Entry about 7 hours ago
Fell Below Previous Day's Low about 7 hours ago
View Earlier Intraday Alerts

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Profile

TransAlta Renewables Inc. Description

TransAlta Renewables Inc is a Canada-based company engaged in developing, owning and operating renewable power generation facilities. The Company owns and operates over 10 hydro facilities and approximately 20 wind farms in Western and Eastern Canada with a total installed capacity of approximately 1,140 megawatts (MW) and holds economic interest in approximately 140 MW Wyoming Wind Farm and approximately 420 MW Australian gas-fired generation assets, as well as over 270 kilometers gas pipeline. The Company also owns economic interests in Sarnia cogeneration plant, Le Nordais wind farm and Ragged Chute hydro facility totaling approximately 610 MW of contracted power generation assets located in Ontario and Quebec. The Company's subsidiaries include Canadian Hydro Developers, Inc. and Western Sustainable Power Inc.


Classification

Sector: Utilities
Industry: Utilities - Independent Power Producers
Keywords: Energy Pipe Pipeline Farm Wyoming Renewable Power Electricity Sector In Canada Wind Farm Transalta Wind Farms

Is RNW 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 24.47
52 Week Low 16.43
Average Volume 471,945
200-Day Moving Average 20.436
50-Day Moving Average 19.905
20-Day Moving Average 19.273
10-Day Moving Average 19.112
Average True Range 0.341
ADX 26.28
+DI 24.942
-DI 25.636
Chandelier Exit (Long, 3 ATRs) 18.898
Chandelier Exit (Short, 3 ATRs) 19.372
Upper Bollinger Bands 19.898
Lower Bollinger Band 18.647
Percent B (%b) 0.91
BandWidth 6.491
MACD Line -0.180
MACD Signal Line -0.277
MACD Histogram 0.0971
Fundamentals Value
Market Cap 5.28 Billion
Num Shares 267 Million
EPS 0.33
Price-to-Earnings (P/E) Ratio 60.30
Price-to-Sales 11.05
Price-to-Book 2.08
PEG Ratio 3.50
Dividend 0.94
Dividend Yield 4.75%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 20.425
Resistance 3 (R3) 20.353 20.067 20.318
Resistance 2 (R2) 20.067 19.902 20.103 20.282
Resistance 1 (R1) 19.923 19.801 19.995 19.995 20.246
Pivot Point 19.637 19.637 19.673 19.673 19.637
Support 1 (S1) 19.493 19.472 19.565 19.565 19.314
Support 2 (S2) 19.207 19.371 19.243 19.278
Support 3 (S3) 19.063 19.207 19.243
Support 4 (S4) 19.135