Technical Analysis for TAC - TransAlta Corporation

Grade Last Price % Change Price Change
F 6.94 0.29% 0.02
TAC closed up 0.29 percent on Wednesday, July 3, 2024, on 29 percent of normal volume. It ran into resistance at its 50 day moving average.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
50 DMA Resistance Bearish 0.29%
Lower Bollinger Band Touch Weakness 0.29%
20 DMA Resistance Bearish -0.72%
Fell Below 50 DMA Bearish -0.72%
MACD Bearish Centerline Cross Bearish -0.72%
Expansion Pivot Sell Setup Bearish Swing Setup -0.72%
Outside Day Range Expansion -0.72%
20 DMA Resistance Bearish -1.98%
MACD Bullish Centerline Cross Bullish -1.98%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown about 10 hours ago
Rose Above Previous Day's High about 10 hours ago
50 DMA Resistance about 11 hours ago
10 DMA Resistance about 11 hours ago
Rose Above 50 DMA about 11 hours ago

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Profile

TransAlta Corporation operates as a non-regulated electricity generation and energy marketing company in Canada, the United States, and Australia. The company engages in the generation and wholesale trade of electricity and other energy-related commodities and derivatives. It owns, operates, and manages a portfolio of assets and utilize a range of generation fuels, including coal, natural gas, hydro, wind, and geothermal. As of December 31, 2012, it had a net ownership interest of 7,858 megawatts of generating capacity in operation. TransAlta Corporation has a strategic partnership with MidAmerican Energy Holdings Company to develop, build, and operate new natural gas-fired electricity generation projects in Canada. The company was founded in 1909 and is headquartered in Calgary, Canada.
Classification

Sector: Utilities
Industry: Utilities - Independent Power Producers
Keywords: Natural Gas Electricity Electricity Generation Energy Marketing

Is TAC 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 10.1769
52 Week Low 5.9039
Average Volume 801,471
200-Day Moving Average 7.35
50-Day Moving Average 7.01
20-Day Moving Average 7.07
10-Day Moving Average 7.00
Average True Range 0.16
RSI (14) 46.24
ADX 13.26
+DI 21.06
-DI 22.55
Chandelier Exit (Long, 3 ATRs) 6.88
Chandelier Exit (Short, 3 ATRs) 7.30
Upper Bollinger Bands 7.31
Lower Bollinger Band 6.83
Percent B (%b) 0.24
BandWidth 6.80
MACD Line -0.02
MACD Signal Line 0.00
MACD Histogram -0.0214
Fundamentals Value
Market Cap 2.15 Billion
Num Shares 310 Million
EPS 1.59
Price-to-Earnings (P/E) Ratio 4.36
Price-to-Sales 0.61
Price-to-Book 3.08
PEG Ratio -2.34
Dividend 0.23
Dividend Yield 3.31%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 7.08
Resistance 3 (R3) 7.09 7.05 7.06
Resistance 2 (R2) 7.05 7.02 7.05 7.05
Resistance 1 (R1) 7.00 6.99 6.98 6.99 7.04
Pivot Point 6.96 6.96 6.95 6.95 6.96
Support 1 (S1) 6.90 6.92 6.88 6.89 6.84
Support 2 (S2) 6.86 6.90 6.86 6.83
Support 3 (S3) 6.81 6.86 6.82
Support 4 (S4) 6.80