Transalta Corp Stock Pattern Recognition Spinning Top

TA Stock  CAD 18.57  0.10  0.54%   
TransAlta Corp pattern recognition tool provides the execution environment for running the Spinning Top recognition and other technical functions against TransAlta Corp. TransAlta Corp value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of pattern recognition indicators. As with most other technical indicators, the Spinning Top recognition function is designed to identify and follow existing trends. TransAlta Corp momentum indicators are usually used to generate trading rules based on assumptions that TransAlta Corp trends in prices tend to continue for long periods.

Recognition
The output start index for this execution was ten with a total number of output elements of fifty-one. The function generated a total of fourteen valid pattern recognition events for the selected time horizon. The Spinning Top pattern Reversal/Continuation pattern describes TransAlta Corp neutral movement and is used to signal indecision about the future direction of TransAlta Corp.

TransAlta Corp Technical Analysis Modules

Most technical analysis of TransAlta Corp help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for TransAlta from various momentum indicators to cycle indicators. When you analyze TransAlta charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About TransAlta Corp Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of TransAlta Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of TransAlta Corp based on widely used predictive technical indicators. In general, we focus on analyzing TransAlta Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build TransAlta Corp's daily price indicators and compare them against related drivers, such as pattern recognition and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of TransAlta Corp's intrinsic value. In addition to deriving basic predictive indicators for TransAlta Corp, we also check how macroeconomic factors affect TransAlta Corp price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2021 2022 2023 2024 (projected)
Dividend Yield0.02280.02960.03580.0507
Price To Sales Ratio1.41.10.911.6
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TransAlta Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
16.3518.7521.15
Details
Intrinsic
Valuation
LowRealHigh
14.8217.2219.62
Details
Naive
Forecast
LowNextHigh
17.5819.9822.38
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.150.210.25
Details

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When determining whether TransAlta Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TransAlta Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Transalta Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Transalta Corp Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TransAlta Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
To learn how to invest in TransAlta Stock, please use our How to Invest in TransAlta Corp guide.
You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Please note, there is a significant difference between TransAlta Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if TransAlta Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TransAlta Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.