Technical Analysis for TA - TransAlta Corporation

Grade Last Price % Change Price Change
D 9.130 0.55% 0.050
TA closed up 1.91 percent on Wednesday, April 24, 2024, on approximately normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. 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: May 3
*** please verify all earnings dates ***
2 Watchers
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Crossed Above 50 DMA Bullish 0.55%
MACD Bullish Centerline Cross Bullish 0.55%
Upper Bollinger Band Walk Strength 0.55%
Above Upper BB Strength 0.55%
Overbought Stochastic Strength 0.55%
Upper Bollinger Band Touch Strength 0.55%
50 DMA Resistance Bearish 2.47%
Shooting Star Candlestick Bearish 2.47%
Upper Bollinger Band Walk Strength 2.47%
Weak + Overbought Other 2.47%

   Recent Intraday Alerts

Alert Time
Gap Down Closed 36 minutes ago
Gap Down Partially Closed 36 minutes ago
Rose Above Previous Day's High 36 minutes ago
Reversed from Down 36 minutes ago
2x Volume Pace 36 minutes ago

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Profile

TransAlta Corporation Description

TransAlta Corporation (TransAlta) is a non-regulated electricity generation and energy marketing company with an aggregate net ownership interest of approximately 8,730 megawatts of generating capacity. The Company is engaged in the production and sale of electric energy. TransAlta is organized into seven segments: Canadian Coal, U.S. Coal, Gas, Wind and Solar, Hydro, Energy Marketing and Corporate. The Canadian Coal, U.S. Coal, Gas, Wind and Solar, and Hydro segments are responsible for constructing, operating and maintaining its electrical generation. The Canadian Coal segment is also responsible for the operation and maintenance of the Company's related mining operations in Canada. The Energy Marketing segment is responsible for marketing its production through short-term and long-term contracts. The Company operates facilities having approximately 10,208 megawatts of aggregate generating capacity.


Classification

Sector: Utilities
Industry: Utilities - Independent Power Producers
Keywords: Mining Energy Marketing Universe Coal Solar Electricity Alberta Electricity Policy Electric Energy Electricity Generation Electricity Sector In Canada Transalta

Is TA 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 13.811
52 Week Low 8.22
Average Volume 1,099,777
200-Day Moving Average 10.851
50-Day Moving Average 8.917
20-Day Moving Average 8.648
10-Day Moving Average 8.682
Average True Range 0.228
RSI (14) 62.26
ADX 24.39
+DI 21.626
-DI 15.675
Chandelier Exit (Long, 3 ATRs) 8.407
Chandelier Exit (Short, 3 ATRs) 8.903
Upper Bollinger Bands 9.040
Lower Bollinger Band 8.255
Percent B (%b) 1.05
BandWidth 9.082
MACD Line 0.000
MACD Signal Line -0.088
MACD Histogram 0.0884
Fundamentals Value
Market Cap 2.49 Billion
Num Shares 274 Million
EPS 0.30
Price-to-Earnings (P/E) Ratio 30.17
Price-to-Sales 1.15
Price-to-Book 1.43
PEG Ratio -1.68
Dividend 0.17
Dividend Yield 1.87%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 9.365
Resistance 3 (R3) 9.337 9.213 9.318
Resistance 2 (R2) 9.213 9.141 9.228 9.302
Resistance 1 (R1) 9.147 9.096 9.180 9.175 9.286
Pivot Point 9.023 9.023 9.040 9.038 9.023
Support 1 (S1) 8.957 8.951 8.990 8.985 8.874
Support 2 (S2) 8.833 8.906 8.848 8.858
Support 3 (S3) 8.767 8.833 8.843
Support 4 (S4) 8.795