Technical analysis from Transalta Renewables Inc (RNW.TO.TO, TSE:RNW.TO) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

Transalta Renewables Inc
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[Downtrend]: Recent trading for RNW indicates ST trend is likely to continue
Sine Weighted Moving Average /
[Downtrend]: Recent trading for RNW indicates ST trend is likely to continue

[BEARISH]: Transalta Renewables Inc currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -0.5%.

Transalta Renewables Inc: Daily closing price is $11.4200 [Bearish]
Closing Price /
Transalta Renewables Inc: Daily closing price is $11.4200 [Bearish]

[BEARISH]: Transalta Renewables Inc current downtrend in the first timeframe. Currently, the Close is $11.4200.

Open Tod Vs Close Tod /
Transalta Renewables Inc: Sellers have taken control.

[BEARISH]: Transalta Renewables Inc opened in the middle part of daily range at 56.300000000000000% & closed in the lower part of the trading range at 25.000000000000000%. This suggests the sellers have taken control. Over the last 12 months there has been 29 trading days with the opening price in the middle shadow & the closing the price in the lower shadow giving a confirmation ratio of 11%. Over the last month there has been 4 trading days with the opening price in the middle price range & the closing the price in the lower price range giving a confirmation ratio of 22.2%.

Black Candle /
RNW Basic Candle: Black

[BEARISH]: Transalta Renewables Inc has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Chaikin Money Flow /
Selling pressure for Transalta Renewables Inc continues - bearish signal

[BEARISH]: Transalta Renewables Inc current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.2300. RNW received a confirmed CMF crossover days on the Apr 6 2018.The bearish signal has been active for 2 days. During the quarter, the lowest CMF value was -0.23 occurring on the Apr 6 2018.

Demarks Pivot Points /
Limit order for a long position has been identified for Transalta Renewables Inc [Bullish]

Transalta Renewables Inc has broken the first DeMark support point ($11.4300) [Bearish]. Look for a short limit order entry near this point. Exit price for RNW should be set @$11.3200 & short position stoploss for Transalta Renewables Inc should be set at $11.4800

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Bollinger Bands /
Bollinger Band Oversold signal is still current for Transalta Renewables Inc [Bullish]

[BULLISH]: Transalta Renewables Inc is currently Oversold highlighting the potential for a short term trend reversal in the upward direction. The current level is -9.3300% with a current width of 3.4400.

[Bearish]: Opening performance for RNW of -1.5 % was achieved in last trading session
Opening Price /
[Bearish]: Opening performance for RNW of -1.5 % was achieved in last trading session

[BEARISH]: Transalta Renewables Inc opening price has gapped down. Currently, the OPEN is $11.4700 (-1.5 %).

Elders Force Index (-5693.0000) has signalled selling pressure has continued for RNW
Elders Force Index /
Elders Force Index (-5693.0000) has signalled selling pressure has continued for RNW

[BEARISH]: Transalta Renewables Inc current price has highlighted recent selling pressure. Currently, the Elders Force Index is -5693.0000.

Close Tod Vs Close Yest /
Sellers continue to be keener than buyers for Transalta Renewables Inc & are driving the price down.

[BEARISH]: Transalta Renewables Incsellers are keener than buyers and are driving the price down. There has been 4 consecutive days of price decline for RNW adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -1.5 & the greatest daily negative change this year has been -3.1. The longest consecutive downswing rally over the last 12 months has been 6 days giving a total rally downward movement of -8%. This quarter, the largest downswing rally has been 4 days giving a total rally downward movement of -2.6%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 0.8x. Over the last month the average daily downward movement has been -0.500000%

Momentum /
The largest downward momentum rally for RNW in the last 3 months is 8

[BEARISH]: Transalta Renewables Inc currently has negative momentum of -0.2500 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -0.5000%.The largest downward momentum rally for the last 3 months is 8 days producing a return of -2%%.

Stochastic Oscillator /
Stochastic Oscillator for RNW is still below the oversold limit signalling a bullish movement

[BULLISH]: Transalta Renewables Inc is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Transalta Renewables Inc: Daily low performance is -0.4 % [Downtrend]
Low Price /
Transalta Renewables Inc: Daily low performance is -0.4 % [Downtrend]

RNW: LOW Current Signal -> (1) 25 Apr: BEARISH (2) 24 Apr: BEARISH (3) 23 Apr: BEARISH

Transalta Renewables Inc: Daily Downtrend remains intact
Short Trend /
Transalta Renewables Inc: Daily Downtrend remains intact

[BEARISH]: Transalta Renewables Inc is in a downtrend in the short term timeframe. The sellers have dominated the daily trade, however further confirmation is required before taking a position

Elder Ray Index /
[Selling Pressure]: ERI has increased for Transalta Renewables Inc during the last trading session

[BEARISH]: Transalta Renewables IncElder Ray Index is signalling a Bearish movementERI is -0.2320 indicating bear power. Prices are being driven below the consensus of value for RNW during the last trading session [Selling Pressure]

MACD Volume /
Transalta Renewables Inc: Volume MACD oscillator (22137.0000)

[BULLISH]: Transalta Renewables Inc currently has positive Volume MACD of 22137.0000. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Ulcer Index /
Ulcer index has reduced in stress level for RNW & low drawdown is expected

[BEARISH]: Transalta Renewables Inc UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.1290.

The WMA trend following signal is still current for Transalta Renewables Inc [Bearish]
Weighted Moving Average /
The WMA trend following signal is still current for Transalta Renewables Inc [Bearish]

[BEARISH]: Transalta Renewables Inc currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -0.5%.

Price continues to trade below the Triangular Moving Average(5) for RNW
Triangular Moving Average /
Price continues to trade below the Triangular Moving Average(5) for RNW

[BEARISH]: Transalta Renewables Inc currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -0.5%.

DVI: Distribution still active for Transalta Renewables Inc
Daily Volume Index /
DVI: Distribution still active for Transalta Renewables Inc

RNW: DVI Current Signal -> (1) 25 Apr: BEARISH (2) 24 Apr: BEARISH (3) 23 Apr: BEARISH CROSSOVER

Aroon Oscillator /
Transalta Renewables Inc: Aroon oscillator (-92.0000) has confirmed a strong downtrend is present

[BEARISH]: Transalta Renewables Inc has a current ARO(25) of -92.0000. This has change -4.0000 points from yesterday.

Accumulation / Distribution /
Traders are currently Distributing Transalta Renewables Inc

[BEARISH]: Transalta Renewables Inc current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -768305.0000. day.

Volume /
Recent trading for RNW has failed to beat the previous volume by -31.9 [Downtrend]

RNW: VOLUME Current Signal -> (1) 25 Apr: BEARISH (2) 24 Apr: BULLISH (3) 23 Apr: BULLISH

On Balance Volume /
Traders are currently accumulating Transalta Renewables Inc

RNW: OBV Current Signal ->(1) 25 Apr: BULLISH (2) 24 Apr: BULLISH (3) 23 Apr: BULLISH

[Bearish]: Range has decreased for RNW during the last trading session
Price Range /
[Bearish]: Range has decreased for RNW during the last trading session

[BEARISH]: Transalta Renewables Inc current downtrend in the first timeframe. Currently, the Range is $0.1600.

Transalta Renewables Inc was easily moved downward on low volume in recent trading
Ease of Movement /
Transalta Renewables Inc was easily moved downward on low volume in recent trading

RNW: EOM Recent Trading -> (1) 25 Apr: -6.4090 (2) 24 Apr: -14.3100 (3) 23 Apr: -2.8960

Williams %R /
Transalta Renewables Inc is still oversold with the William %R @-90.9000

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

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