ALGOMA STEEL GROUP INC -CW26 (ASTL-WT.CA) Stock Technical Analysis
TSX:ASTL-WT - Toronto Stock Exchange - - Currency: CAD
Taking everything into account, ASTL-WT scores 1 out of 10 in our technical rating. ASTL-WT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
99% of all other stocks performed better in the past year than ASTL-WT.
ASTL-WT is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ASTL-WT is lagging the market.
Warning: ASTL-WT has an average volume of 4074 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month ASTL-WT has a been trading in the 0.42 - 0.66 range, which is quite wide. It is currently trading near the high of this range.
The technical rating of ASTL-WT is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.58
0.68
We found 1 important resistance area.
- A resistance zone ranging from 0.67 to 0.67. 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 | DOWN | NEGATIVE | The long term trend for ASTL-WT.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ASTL-WT.CA is down. |
| ChartMill Relative Strength | 1.54 | NEGATIVE | ASTL-WT.CA has a low relative strength, it was outperformed by 98.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ASTL-WT.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ASTL-WT.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ASTL-WT.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.85 | NEUTRAL | The RSI value for ASTL-WT.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ASTL-WT.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.75 | NEUTRAL | The Stochastics value for ASTL-WT.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.33 | HIGH VOLATILITY | The high ATR as a percentage value for ASTL-WT.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 41.8 | POSITIVE | The high ADX value value for ASTL-WT.CA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX:ASTL-WT (5/29/2025, 7:00:00 PM)
0.59
-0.01 (-1.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.67%
1 Week-1.67%
2 Weeks7.27%
1 Month47.5%
3 Month-53.91%
6 Month-80.2%
12 Month-67.4%
2 Year-68.95%
3 Year-80.27%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%7.33%
ATR Inc-29.5%
Range Today0.05
ADR(20)0.03
ADR(20)%4.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.54
Mansfield-6.55
10 Day High0.66
10 Day Low0.44
20 Day High0.66
20 Day Low0.42
52 Week High3.31
52 Week Low0.32
CS1 EndN/A
CR1 Start0.67
Volume & EV
DER(3)-37.95%
DER(5)-27.82%
Volume2.50K
Volume Incr14.89%
Vol(5)3.72K
Vol(50)4.07K