In its latest trading session, TransAlta Corporation (NYSE:TAC) spiked up by 0.9% – here is what that looked like (as of 2019-12-26):
What is the cause of all this?? To understand this better, We ought to analyze some technical indicators. The most interesting and telling are these ones:
A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of -0.001, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.074, an Accumulation/Distribution Index (ADI) of 0.074, an On-Balance Volume (OBV) of 25.405, and a Chaiikin Money Flow (CMF) of -6.97. 1.0
Now let’s plug these indicators in. Consulting Trading View, this is what it all means:
That is what an analysis of technical indicators seems to indicate for TransAlta Corporation (NYSE:TAC). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.