Technical analysis from Altagas (ALA.TO.TO, TSE:ALA.TO) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

Altagas
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Altagas is in a short term uptrend with the support price @$28.929
Sine Weighted Moving Average /
Altagas is in a short term uptrend with the support price @$28.929

[BULLISH]: Altagas currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -0%.

Altagas: Over the last month there has been 3 trading days giving a confirmation ratio of 33.3%.
Open Tod Vs Close Tod /
Altagas: Over the last month there has been 3 trading days giving a confirmation ratio of 33.3%.

[BEARISH WEAK]: Altagas opened in the upper part of daily range at 71% & closed in the middle part of the trading range at 45.2%. This suggests the sellers have lost commitment. Over the last 12 months there has been 11 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 23.4%. Over the last month there has been 3 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 33.3%.

Range Tod Vs Range Yest /
Altagas: Range Performance (-8.8)

ALA: Range today versus range yesterday Current Signal ->(1) 12 Jan: BULLISH (2) 12 Jan: BEARISH (3) 12 Jan: BULLISH

Detrended Price Oscillator /
Bullish trading conditions for Altagas has been signalled from the DPO (0.1575)

[BULLISH]: Altagas currently has a confirmed uptrend. Price is currently above the displaced moving average for ALACurrently, the return on DPO20 is -0%.

Williams %R /
William %R for ALA has crossed below the overbought limit triggering a neutral signal

ALA: William %R Current Signal -> (1) 12 Jan: BULLISH CROSSUNDER (2) 12 Jan: BEARISH CROSSUNDER (3) 12 Jan: BULLISH CROSSOVER

Percentage Price /
Price percentage oscillator: Downward momentum has been initiated for Altagas

[BEARISH CROSSOVER]: Altagas currently has negative PPO 0.000%. This means the current price is losing momentum through a fall on the short term exponential moving average.

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Volume Rate of Change /
VROC continues to rise for Altagas signalling an uptrend will persist

[BULLISH]: Altagas currently has positive volume of change of 1%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -0%.

Altagas: Volume MACD oscillator (25273)
MACD Volume /
Altagas: Volume MACD oscillator (25273)

[BULLISH]: Altagas currently has positive Volume MACD of 25273. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

[Bullish]: Altagas has beaten previous close by -0 %
Closing Price /
[Bullish]: Altagas has beaten previous close by -0 %

[BEARISH]: Altagas current downtrend in the first timeframe. Currently, the Close is $29.08.

Close Tod Vs Close Yest /
Altagas: Daily Performance (-0%.)

[NEUTRAL]: Neither buyers are keener than sellers translating to the price remaining flat for Altagas. This is the first day of neutral price movement for ALA adding strength to indecision in the first timeframe. The longest consecutive number of unchanged days over the last 12 months has been 1 days, of which a total of 1 have occurred this month. The ratio of neutral days against total trading days equals 0.1x

Black Candle /
ALA Basic Candle: Black

ALA: Basic Candlestick Current Signal -> (1) 12 Jan: BEARISH (2) 12 Jan: BEARISH WEAK (3) 12 Jan: BEARISH

Average True Range /
Altagas: Average True Range (0.308) has confirmed an downtrend is present

[Bearish]: Average True Range has confirmed an downtrend is present. Altagas has a TR of 0.31, and an ATR(14) of 0.308.

Negative momentum confirmation for Altagas is a leading indicator for continued price falls
Momentum /
Negative momentum confirmation for Altagas is a leading indicator for continued price falls

[BEARISH CROSSOVER]: Altagas currently has negative momentum of -0.1 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -0%.The largest downward momentum rally for the last 3 months is 1 days producing a return of -0.7%%.

Oversold signal for the Lower Envelope band is still current for Altagas
Moving Average Envelope /
Oversold signal for the Lower Envelope band is still current for Altagas

[BULLISH]: Altagas current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 27.4645.

MACD /
MACD oscillator remains positive for ALA

[BULLISH]: Altagas currently has positive MACD of 0.050000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 1.3%.

Low Price /
Strong price performance from ALA has seen a lower low of 0.5 % [Uptrend]

[BEARISH]: Altagas current uptrend in the first timeframe. Currently, the Low is $28.94 (0.5 %).

Ulcer Index /
[Low Stress]: Low drawdown associated with recent trading of ALA

[BEARISH]: Altagas UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.619.

Altagas: Current trading activity signals DVI accumulation is present
Daily Volume Index /
Altagas: Current trading activity signals DVI accumulation is present

[BULLISH]: Altagas current accumulation has given strength to the share price and the continuation of bullish trading conditions.

Exponential Moving Average(5) signal continues for Altagas indicating upward price movement is likely
Exponential Moving Average /
Exponential Moving Average(5) signal continues for Altagas indicating upward price movement is likely

[BULLISH]: Altagas currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -0%.

[Buying Pressure]: ERI has increased for Altagas during the last trading session
Elder Ray Index /
[Buying Pressure]: ERI has increased for Altagas during the last trading session

[BULLISH]: AltagasElder Ray Index is signalling a Bullish movementERI is 0.32 indicating bull power. Prices are being driven above the consensus of value for ALA during the last trading session [Buying Pressure]

High Price /
[Bullish]: New high has formed for ALA by 0.4 % during the last trading session

[BULLISH]: Altagas current uptrend in the first timeframe. Currently, the HIGH is 0.4 %.

Money Flow Index /
The MFI for ALA has returned to normal money flow

[NEUTRAL]: Altagas current trading price has closed out money flow index oversold status and signalled the initiation of normal trading conditions. Currently, the MFI is 57.13. The previous bullish signal was active for 0 day. During the quarter, the lowest MFI value was 28.13.

Weighted Moving Average /
[Uptrend]: Recent trading for ALA indicates ST trend is likely to continue

[BULLISH]: Altagas currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -0%.

Relative Strength Index /
Altagas is no longer overbought [Neutral]

[BEARISH]: Altagas is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @72.2983

OBV: Distribution still active for Altagas
On Balance Volume /
OBV: Distribution still active for Altagas

ALA: OBV Current Signal ->(1) 12 Jan: BEARISH CROSSOVER (2) 12 Jan: BULLISH CROSSOVER (3) 12 Jan: BEARISH

Altagas is no longer overbought and normal trading conditions are resumed
Stochastic Oscillator /
Altagas is no longer overbought and normal trading conditions are resumed

[BEARISH]: Altagas is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Rate of Change /
Altagas currently has positive rate of change for 1.43

[BULLISH]: Altagas currently has positive rate of change of 1.4%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

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