ALGOMA STEEL GROUP INC (ASTL.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:ASTL - CA0156581070 - Common Stock
Taking everything into account, ASTL scores 4 out of 10 in our technical rating. In the past year, ASTL was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
ASTL has an average technical rating and the quality of the presented setup is also not ideal at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
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4.66
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.00 to 6.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.71 from a trend line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 6.04 to 6.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @6.23 from a horizontal line in the weekly time frame.
- Resistance @6.33 from a horizontal line in the daily time frame.
- Resistance @6.48 from a horizontal line in the daily time frame.
- Resistance @9.40 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 | UP | POSITIVE | The short term trend for ASTL.CA is up. |
| ChartMill Relative Strength | 7.02 | NEGATIVE | ASTL.CA has a low relative strength, it was outperformed by 92.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ASTL.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ASTL.CA is above the rising 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) | 55.76 | NEUTRAL | The RSI value for ASTL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ASTL.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.41 | NEUTRAL | The Stochastics value for ASTL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.36 | HIGH VOLATILITY | The high ATR as a percentage value for ASTL.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 19.96 | NEGATIVE | The low ADX value for ASTL.CA suggests a weak or negative trend. |
TSX:ASTL (12/19/2025, 7:00:00 PM)
6.01
-0.08 (-1.31%)
ALGOMA STEEL GROUP INC / ASTL.CA FAQ
Can you provide the ChartMill technical rating for ALGOMA STEEL GROUP INC?
ChartMill assigns a technical rating of 4 / 10 to ASTL.CA.
Can you provide the trend direction for ALGOMA STEEL GROUP INC?
The current trend direction for ALGOMA STEEL GROUP INC (ASTL.CA) is Bearish.
Can you provide the RSI signal for ALGOMA STEEL GROUP INC?
ALGOMA STEEL GROUP INC (ASTL.CA) has an RSI value of 55.763. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ALGOMA STEEL GROUP INC?
The MACD indicator for ALGOMA STEEL GROUP INC (ASTL.CA) has a value of 0.0313513, indicating a bearish trend.
Can you provide the support and resistance levels for ALGOMA STEEL GROUP INC?
ALGOMA STEEL GROUP INC (ASTL.CA) has a support level at 6 and a resistance level at 6.04. Check the full technical report for our detailed analysis of ASTL.CA support and resistance levels.