ALGOMA STEEL GROUP INC (ASTL.CA) Stock Technical Analysis
TSX:ASTL - CA0156581070 - Common Stock
6.63 CAD
-0.03 (-0.45%)
Overall ASTL gets a technical rating of 0 out of 10. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
96% of all other stocks performed better in the past year than ASTL.
ASTL is one of the lesser performing stocks in the Metals & Mining industry. 88% of 803 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 5.93 - 7.17 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ASTL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 6.25, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ASTL 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
5.97
9.49
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.16 to 6.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.03 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- Resistance @7.02 from a horizontal line in the daily time frame.
- A resistance zone ranging from 8.34 to 8.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.83 from a trend 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 | DOWN | NEGATIVE | The short term trend for ASTL.CA is down. |
| ChartMill Relative Strength | 4.39 | NEGATIVE | ASTL.CA has a low relative strength, it was outperformed by 95.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ASTL.CA is above 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) | 41.71 | NEUTRAL | The RSI value for ASTL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests ASTL.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.75 | NEUTRAL | The Stochastics value for ASTL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.36 | MEDIUM VOLATILITY | The ATR as a percentage value for ASTL.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 34.11 | 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 (9/3/2025, 7:00:00 PM)
6.63
-0.03 (-0.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.45%
1 Week-3.49%
2 Weeks7.98%
1 Month-3.07%
3 Month-17.43%
6 Month-27.7%
12 Month-52.44%
2 Year-28.01%
3 Year-25.51%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%4.36%
ATR Inc-11.41%
Range Today0.25
ADR(20)0.29
ADR(20)%4.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.39
Mansfield-4.24
10 Day High7.17
10 Day Low6.01
20 Day High7.17
20 Day Low5.93
52 Week High16.83
52 Week Low5.91
CS1 End6.25
CR1 Start7.02
Volume & EV
DER(3)4.85%
DER(5)5.15%
Volume287.16K
Volume Incr-32.54%
Vol(5)291.42K
Vol(50)348.70K