Today TAC ranks # as BUY CANDIDATE.
Today TAC ranks # as BUY CANDIDATE.

TAC stock TransAlta Corporation

TAC stock
TransAlta Corporation

March 22, 2019
Change -1.17%
Chart period: 2018-12-24 - 2019-03-22
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will TAC stock price go up or down on Mon, 25 Mar 2019?

TransAlta Corporation Forecast and Stock Analysis

Technical TAC stock analysis for March 22, 2019.

Buy candidate since 2019-03-08 Gain 11.20%
Shorts 1.79% ( 2019-02-28 )
Cash n/a
Loans n/a
Beta 1.44
ROA -2.51

TransAlta Corporation fell by -1.17% in the last day from $6.83 to $6.75 and has now fallen 3 days in a row. The price has risen in 6 of the last 10 days and is up by 11.2% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -9 918 shares and in total 134 210 shares bought and sold for approximately $905 918.00.

Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the TAC stock was $6.75. This is 1.17% less than the trading day before Thursday, 21st Mar 2019.

During day the stock fluctuated 2.40% from a day low at $6.68 to a day high of $6.84.

30 day high of the TAC stock price was $6.95 and low was $5.64.
90 day high was $6.95 and low was $3.99.
52 week high for the TransAlta Corporation - $6.95 and low - $3.99.

Trend

TransAlta Corporation lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 54.16% during the next 3 months and, with 90% probability hold a price between $10.04 and $10.95 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

TransAlta Corporation holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $6.62 and $6.00. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday March 20, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

The stock holds a RSI14 at 75 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

TransAlta Corporation finds support from accumulated volume at $6.66.

Support: $6.66 Price: $6.75 Resistance: $6.83

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.16 between high and low, or 2.40%. For the last week the stock has had a daily average volatility of 3.75%.

Our recommended stoploss: $6.43 (-4.76%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 75 and this increases the risk substantially. There is a sell signal from pivot top found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

Today TAC ranks # as BUY CANDIDATE.
Today TAC ranks # as BUY CANDIDATE.