Technical Analysis for TA - TransAlta Corporation

Grade Last Price % Change Price Change
D 9.005 1.07% 0.095
TA closed up 0.22 percent on Tuesday, April 23, 2024, on 72 percent of normal volume. It ran into resistance at its 50 day moving average. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. 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: May 3
*** please verify all earnings dates ***
2 Watchers
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Up Up

Date Alert Name Type % Chg
50 DMA Resistance Bearish 1.07%
Shooting Star Candlestick Bearish 1.07%
Upper Bollinger Band Walk Strength 1.07%
Weak + Overbought Other 1.07%
Weak, Overbought and Reversal Signs Reversal 1.07%
Overbought Stochastic Strength 1.07%
Upper Bollinger Band Touch Strength 1.07%
50 DMA Resistance Bearish 1.29%
Upper Bollinger Band Walk Strength 1.29%
Weak + Overbought Other 1.29%

   Recent Intraday Alerts

Alert Time
Rose Above Upper Bollinger Band about 4 hours ago
Up 1% about 4 hours ago
Rose Above 50 DMA about 4 hours ago
Rose Above Previous Day's High 1 day ago
Rose Above 50 DMA 1 day 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 1,093,449
200-Day Moving Average 10.867
50-Day Moving Average 8.923
20-Day Moving Average 8.628
10-Day Moving Average 8.614
Average True Range 0.231
RSI (14) 56.90
ADX 25.04
+DI 21.995
-DI 16.669
Chandelier Exit (Long, 3 ATRs) 8.368
Chandelier Exit (Short, 3 ATRs) 8.912
Upper Bollinger Bands 8.967
Lower Bollinger Band 8.288
Percent B (%b) 0.92
BandWidth 7.875
MACD Line -0.033
MACD Signal Line -0.111
MACD Histogram 0.0778
Fundamentals Value
Market Cap 2.44 Billion
Num Shares 274 Million
EPS 0.30
Price-to-Earnings (P/E) Ratio 29.60
Price-to-Sales 1.15
Price-to-Book 1.43
PEG Ratio -1.68
Dividend 0.17
Dividend Yield 1.91%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 9.240
Resistance 3 (R3) 9.253 9.157 9.185
Resistance 2 (R2) 9.157 9.073 9.150 9.167
Resistance 1 (R1) 9.033 9.021 9.095 9.020 9.148
Pivot Point 8.937 8.937 8.968 8.930 8.937
Support 1 (S1) 8.813 8.853 8.875 8.800 8.672
Support 2 (S2) 8.717 8.801 8.710 8.653
Support 3 (S3) 8.593 8.717 8.635
Support 4 (S4) 8.580