ALGOMA CENTRAL CORP (ALC.CA) Stock Technical Analysis
TSX:ALC - Toronto Stock Exchange - CA0156441077 - Common Stock - Currency: CAD
Overall ALC gets a technical rating of 8 out of 10. Although ALC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
ALC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 16.17. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ALC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
13.95
We found 3 important support areas.
- Support @15.21 from a horizontal line in the daily time frame.
- Strong support @14.81 from a horizontal line in the daily time frame.
- A support zone ranging from 14.09 to 14.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 16.17 to 16.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ALC.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALC.CA is up. |
| ChartMill Relative Strength | 65 | NEUTRAL | ALC.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALC.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALC.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALC.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.78 | NEUTRAL | The RSI value for ALC.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ALC.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 70.36 | NEUTRAL | The Stochastics value for ALC.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.65 | LOW VOLATILITY | The low ATR as a percentage value for ALC.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 32.04 | POSITIVE | The high ADX value value for ALC.CA suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 16.42 | 15.79 | 0.63 (3.84%) | 25.00% |
| An entry @16.42. This is a Buy Stop order right above the resistance zone. | An exit @15.79. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.63 points, which is 3.84%. | For a 0.96% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:ALC (6/12/2025, 7:00:00 PM)
16.16
-0.02 (-0.12%)