ALGOMA STEEL GROUP INC (ASTL.CA) Technical Analysis
TSX:ASTL • CA0156581070
Current stock price
ASTL.CA Technical Rating and Analysis
Taking everything into account, ASTL scores 4 out of 10 in our technical rating. In the last year, ASTL was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
- 84% of all other stocks performed better in the past year than ASTL.
- ASTL is part of the Metals & Mining industry. There are 801 other stocks in this industry, of which 76% are performing better than ASTL.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- 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 5.46 - 7.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
ASTL.CA Weekly and Daily overview Charts
ASTL.CA Setup Rating and Analysis
ASTL has an average technical rating and the quality of the presented setup is also not ideal 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
ASTL.CA Support and Resistance Analysis
4.57
We found 3 important support areas.
- A support zone ranging from 5.98 to 6.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.76 to 4.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.62 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @6.64 from a trend line in the weekly time frame.
- A resistance zone ranging from 6.77 to 6.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 6.97 to 7.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
ASTL.CA Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for ASTL.CA is neutral. |
| ChartMill Relative Strength | 16.99 | NEGATIVE | ASTL.CA has a low relative strength, it was outperformed by 83.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ASTL.CA is below 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) | 50.2 | NEUTRAL | The RSI value for ASTL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ASTL.CA has a negative trend. |
| Stochastics (14,3) | 40.64 | NEUTRAL | The Stochastics value for ASTL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.93 | MEDIUM VOLATILITY | The ATR as a percentage value for ASTL.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 15.46 | NEGATIVE | The low ADX value for ASTL.CA suggests a weak or negative trend. |
ASTL.CA Chart- and CandleStick Pattern Analysis
ASTL.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:ASTL (4/24/2026, 7:00:00 PM)
6.18
+0.09 (+1.48%)
ALGOMA STEEL GROUP INC / ASTL.CA TA FAQ
What is the ChartMill technical rating of ALGOMA STEEL GROUP INC (ASTL.CA) stock?
ChartMill assigns a technical rating of 4 / 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.
What is the RSI signal for ASTL stock?
ALGOMA STEEL GROUP INC (ASTL.CA) has an RSI value of 50.1984. This indicates that the stock is currently neutral.
What is the MACD signal for ASTL stock?
The MACD indicator for ALGOMA STEEL GROUP INC (ASTL.CA) has a value of -0.036788, indicating a bearish trend.
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 neutral.