ALGOMA STEEL GROUP INC (ASTL.CA) Stock Technical Analysis
TSX:ASTL • CA0156581070
Overall ASTL gets a technical rating of 6 out of 10. ASTL has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- When comparing the yearly performance of all stocks, ASTL is a bad performer in the overall market: 90% of all stocks are doing better.
- ASTL is one of the lesser performing stocks in the Metals & Mining industry. 88% of 802 stocks in the same industry do better.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- ASTL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ASTL is lagging the market.
- In the last month ASTL has a been trading in the 5.61 - 7.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, ASTL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 6.75. Right above this resistance zone may be a good entry point.
More info and screens
5.33
When analyzing the support we can see 2 important areas.
- Support @5.98 from a trend line in the daily time frame.
- A support zone ranging from 5.38 to 5.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 6.75 to 6.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 6.93 to 7.01. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for ASTL.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASTL.CA is up. |
| ChartMill Relative Strength | 10.48 | NEGATIVE | ASTL.CA has a low relative strength, it was outperformed by 89.52% 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) | 50.66 | NEUTRAL | The RSI value for ASTL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ASTL.CA has a negative trend. |
| Stochastics (14,3) | 48.29 | NEUTRAL | The Stochastics value for ASTL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.82 | HIGH VOLATILITY | The high ATR as a percentage value for ASTL.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 15.06 | NEGATIVE | The low ADX value for ASTL.CA suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 6.79 | 5.97 | 0.82 (12.08%) | 8.28% |
| An entry @6.79. This is a Buy Stop order right above the resistance zone. | An exit @5.97. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.82 points, which is 12.08%. | For a 1.00% total portfolio risk, you can invest 8.28% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:ASTL (2/24/2026, 7:00:00 PM)
6.32
-0.06 (-0.94%)
ALGOMA STEEL GROUP INC / ASTL.CA FAQ
What is the ChartMill technical rating of ALGOMA STEEL GROUP INC (ASTL.CA) stock?
ChartMill assigns a technical rating of 6 / 10 to ASTL.CA.
What is the current trend direction of ALGOMA STEEL GROUP INC (ASTL.CA) stock?
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 50.6596. This indicates that the stock is currently neutral.
What is the short term momentum for ALGOMA STEEL GROUP INC (ASTL.CA) stock?
The short term momentum for ALGOMA STEEL GROUP INC (ASTL.CA) is positive.