Technical Analysis for TAC - TransAlta Corporation

Grade Last Price % Change Price Change
C 7.10 2.45% 0.17
TAC closed up 2.45 percent on Friday, May 24, 2024, on approximately normal volume.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Bullish Engulfing Bullish 0.00%
Crossed Above 20 DMA Bullish 0.00%
Fell Below 20 DMA Bearish 2.45%
New Downtrend Bearish 2.45%
Down 3 Days in a Row Weakness 2.45%
MACD Bearish Signal Line Cross Bearish 0.28%
Overbought Stochastic Strength 0.28%
NR7 Range Contraction -1.39%
NR7-2 Range Contraction -1.39%
Overbought Stochastic Strength -1.39%

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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 10.2391
52 Week Low 5.94
Average Volume 912,765
200-Day Moving Average 7.71
50-Day Moving Average 6.64
20-Day Moving Average 7.05
10-Day Moving Average 7.13
Average True Range 0.20
RSI (14) 55.16
ADX 24.99
+DI 18.74
-DI 19.35
Chandelier Exit (Long, 3 ATRs) 6.73
Chandelier Exit (Short, 3 ATRs) 7.11
Upper Bollinger Bands 7.48
Lower Bollinger Band 6.62
Percent B (%b) 0.56
BandWidth 12.23
MACD Line 0.13
MACD Signal Line 0.16
MACD Histogram -0.028
Fundamentals Value
Market Cap 2.2 Billion
Num Shares 310 Million
EPS 1.59
Price-to-Earnings (P/E) Ratio 4.47
Price-to-Sales 0.61
Price-to-Book 3.08
PEG Ratio -2.34
Dividend 0.23
Dividend Yield 3.24%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 7.49
Resistance 3 (R3) 7.46 7.29 7.43
Resistance 2 (R2) 7.29 7.19 7.31 7.40
Resistance 1 (R1) 7.20 7.13 7.25 7.23 7.38
Pivot Point 7.03 7.03 7.06 7.05 7.03
Support 1 (S1) 6.94 6.93 6.99 6.97 6.82
Support 2 (S2) 6.77 6.87 6.79 6.80
Support 3 (S3) 6.68 6.77 6.78
Support 4 (S4) 6.71