ALGOMA STEEL GROUP INC (ASTL.CA) Stock Technical Analysis
TSX:ASTL - Toronto Stock Exchange - CA0156581070 - Common Stock - Currency: CAD
We assign a technical rating of 0 out of 10 to ASTL. ASTL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, ASTL is a bad performer in the overall market: 95% of all stocks are doing better.
ASTL is one of the lesser performing stocks in the Metals & Mining industry. 86% of 797 stocks in the same industry do better.
ASTL is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month ASTL has a been trading in the 6.81 - 9.92 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The technical rating of ASTL is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
6.77
9.77
3 important resistance areas can be observed.
- A resistance zone ranging from 9.07 to 9.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.40 from a horizontal line in the daily time frame.
- Resistance @9.67 from a horizontal line in the daily time frame.
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.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ASTL.CA is down. |
| ChartMill Relative Strength | 5.54 | NEGATIVE | ASTL.CA has a low relative strength, it was outperformed by 94.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ASTL.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ASTL.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ASTL.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 24.47 | OVERSOLD | The low RSI value suggests ASTL.CA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests ASTL.CA has a negative trend. |
| Stochastics (14,3) | 5.71 | OVERSOLD | The low Stochastics value suggests ASTL.CA may be oversold. |
| Average True Range in percent/ATR (20) | 6.41 | HIGH VOLATILITY | The high ATR as a percentage value for ASTL.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 29.99 | POSITIVE | The high ADX value value for ASTL.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 (8/5/2025, 7:00:00 PM)
6.84
-0.25 (-3.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-3.53%
1 Week-18.67%
2 Weeks-27.77%
1 Month-28.15%
3 Month-18.18%
6 Month-42.62%
12 Month-45.24%
2 Year-33.85%
3 Year-43%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.5
ATR(20)%6.41%
ATR Inc-31.15%
Range Today0.31
ADR(20)0.4
ADR(20)%5.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.54
Mansfield-4.27
10 Day High9.67
10 Day Low6.81
20 Day High9.92
20 Day Low6.81
52 Week High16.83
52 Week Low5.91
CS1 EndN/A
CR1 Start9.07
Volume & EV
DER(3)2.47%
DER(5)2.76%
Volume315.84K
Volume Incr76.75%
Vol(5)493.25K
Vol(50)433.76K