Should You Buy TransAlta Corporation (TAC) Stock After it Is Higher By 3.92% in a Week?

TransAlta Corporation (TAC) stock is up 3.92% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

TransAlta Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TAC!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With TAC Stock Today?

TransAlta Corporation (TAC) stock is trading at $9.81 as of 1:42 PM on Friday, Jan 27, a gain of $0.25, or 2.62% from the previous closing price of $9.56. The stock has traded between $9.59 and $10.24 so far today. Volume today is above average. So far 618,206 shares have traded compared to average volume of 307,390 shares.

More About TransAlta Corporation

TransAlta is an independent power producer based in Alberta, Canada. The company owns more than 70 power plants in Canada, the Western United States, and Australia. TransAlta's net generating capacity is approximately two thirds coal or natural gas-fired. The remaining one third consists primarily of hydroelectric plants and wind energy farms. We expect this mix to shift to more renewable energy as the company retires Alberta coal plants to comply with carbon emissions legislation. TransAlta also has an energy trading and marketing business and owns natural gas transmission lines. Click Here to get the full Stock Report for TransAlta Corporation stock.