ALGOMA STEEL GROUP INC (ASTL.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:ASTL - CA0156581070 - Common Stock
Overall ASTL gets a technical rating of 1 out of 10. ASTL'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.
The technical rating of ASTL 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
5.64
We can see 6 important resistance areas.
- A resistance zone ranging from 5.70 to 5.75. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @6.00 from a trend line in the daily time frame.
- Resistance @6.16 from a trend line in the weekly time frame.
- Resistance @6.30 from a horizontal line in the weekly time frame.
- Resistance @6.49 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 | NEUTRAL | NEUTRAL | The short term trend for ASTL.CA is neutral. |
| ChartMill Relative Strength | 4.11 | NEGATIVE | ASTL.CA has a low relative strength, it was outperformed by 95.89% 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) | DOWN | MIXED | The current price of ASTL.CA is above 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) | 56.69 | NEUTRAL | The RSI value for ASTL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests ASTL.CA has a positive trend. |
| Stochastics (14,3) | 80.59 | OVERBOUGHT | The high Stochastics value suggests ASTL.CA may be overbought. |
| Average True Range in percent/ATR (20) | 6.1 | HIGH VOLATILITY | The high ATR as a percentage value for ASTL.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 23.69 | NEUTRAL | The ADX value for ASTL.CA suggests a possible start of a new trend. |
TSX:ASTL (11/27/2025, 7:00:00 PM)
5.7
+0.24 (+4.4%)
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 1 / 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 56.693. 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 0.0634365, 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 resistance level at 5.7. Check the full technical report for our detailed analysis of ASTL.CA support and resistance levels.