TransAlta Corporation (TAC)

TransAlta Corporation is trading at $12.85, up 1.50% on the session. The 50 day average sits at $12.29 and the 200 day at $12.91, which puts the stock in a downtrend. RSI is at 61.1, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $12.22 with resistance near $13.23, so that band frames the current range. Average daily movement is roughly $0.36, or about 2.8% of the share price, which is what any stop placement has to allow for. The overall health score of 58 out of 100 combines a trend score of 23, momentum of 82 and a risk score of 79.

TransAlta Corporation engages in the development, production, and sale of electric energy. It operates through Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments. The Hydro segment holds interest of approximately 922 megawatts (MW) located in Alberta and Canada. The Wind and Solar segment has a net ownership interest of approximately 2,587 MW located in Alberta, Canada, the Unites States, and Western Australia, as well as battery storage facilities. The Gas segment has a net ownership interest of approximately 4834 MW located in Alberta, Canada, the Unites States, and Western Australia. The Energy Transition segment has a net ownership interest of approximately 671 MW located in the United States, as well as operates the Skookumchuck hydro facility in Centralia. The Energy Marketing segment is involved in the trading of electricity, natural gas, and environmental products. TransAlta Corporation was founded in 1909 and is headquartered in Calgary, Canada.