ALGOMA STEEL GROUP INC (ASTL.CA) Stock Technical Analysis
Canada - TSX:ASTL - CA0156581070 - Common Stock
5.59 CAD
+0.29 (+5.47%)
Taking everything into account, ASTL scores 0 out of 10 in our technical rating. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
99% of all other stocks performed better in the past year than ASTL.
ASTL is part of the Metals & Mining industry. There are 805 other stocks in this industry, of which 92% are performing better than ASTL.
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.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
In the last month ASTL has a been trading in the 4.20 - 6.36 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
4.89
9.49
When analyzing the support we notice one important area.
- Support @4.94 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 6.03 to 6.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 6.14 to 6.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.07 from a trend line in the weekly time frame.
- Resistance @8.01 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 | 1.38 | NEGATIVE | ASTL.CA has a low relative strength, it was outperformed by 98.62% 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) | 49.29 | NEUTRAL | The RSI value for ASTL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests ASTL.CA has a positive trend. |
| Stochastics (14,3) | 59.37 | NEUTRAL | The Stochastics value for ASTL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 8.39 | HIGH VOLATILITY | The high ATR as a percentage value for ASTL.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 16.77 | NEGATIVE | The low ADX value for ASTL.CA suggests a weak or negative 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 (10/20/2025, 7:00:00 PM)
5.59
+0.29 (+5.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg5.47%
1 Week12.93%
2 Weeks21%
1 Month-7.91%
3 Month-34.47%
6 Month-21.6%
12 Month-58.99%
2 Year-42.37%
3 Year-39.44%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.52
ATR(20)%8.39%
ATR Inc-16.21%
Range Today0.6
ADR(20)0.45
ADR(20)%8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.38
Mansfield-4.73
10 Day High6.24
10 Day Low4.57
20 Day High6.36
20 Day Low4.2
52 Week High16.83
52 Week Low4.2
CS1 End4.94
CR1 Start6.03
Volume & EV
DER(3)1.22%
DER(5)1.13%
Volume773.27K
Volume Incr20.51%
Vol(5)1.36M
Vol(50)821.12K