Taking this into account, Jefferies initiated its Transalta Corp [TAC] rating to a Hold in a research note published recently. A number of analysts have revised their coverage, including CIBC’s analysts, who increased its forecast for the stock in mid February from “a Neutral” to “a Sector outperform”. Scotiabank also remained covering TAC and has decreased its forecast on January 23, 2025 with a “Sector perform” recommendation from previously “Sector outperform” rating. CIBC revised its rating on January 08, 2025. It rated TAC as “a Neutral” which previously was an “a Sector outperform”.
Price Performance Review of TAC
On Friday, Transalta Corp [NYSE:TAC] saw its stock jump 2.28% to $8.99. Over the last five days, the stock has gained 3.10%. Transalta Corp shares have fallen nearly -36.47% since the year began. Nevertheless, the stocks have risen 37.88% over the past one year. While a 52-week high of $14.64 was reached on 01/21/25, a 52-week low of $6.51 was recorded on 04/07/25. SMA at 50 days reached $9.50, while 200 days put it at $10.21.
Levels Of Support And Resistance For TAC Stock
The 24-hour chart illustrates a support level at 8.78, which if violated will result in even more drops to 8.57. On the upside, there is a resistance level at 9.12. A further resistance level may holdings at 9.24. The Relative Strength Index (RSI) on the 14-day chart is 49.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 9.30%. Stochastics %K at 69.26% indicates the stock is a holding.
How much short interest is there in Transalta Corp?
A steep rise in short interest was recorded in Transalta Corp stocks on 2025-04-15, dropping by -1.88 million shares to a total of 10.92 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 12.8 million shares. There was a decline of -17.18%, which implies that there is a negative sentiment for the stock.
