ALGOMA STEEL GROUP INC (ASTL) Stock Technical Analysis
NASDAQ:ASTL - Nasdaq - CA0156581070 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to ASTL. 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.
92% of all other stocks performed better in the past year than ASTL.
ASTL is part of the Metals & Mining industry. There are 157 other stocks in this industry, of which 91% are performing better than ASTL.
ASTL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ASTL has a been trading in the 5.05 - 7.24 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
ASTL has an average volume of 1056600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
The technical rating of ASTL is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
5.30
6.83
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 6.28 to 6.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.76 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for ASTL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ASTL is down. |
| ChartMill Relative Strength | 8.88 | NEGATIVE | ASTL has a low relative strength, it was outperformed by 91.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ASTL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ASTL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ASTL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 28.51 | OVERSOLD | The low RSI value suggests ASTL may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests ASTL has a negative trend. |
| Stochastics (14,3) | 14.37 | OVERSOLD | The low Stochastics value suggests ASTL may be oversold. |
| Average True Range in percent/ATR (20) | 6.08 | HIGH VOLATILITY | The high ATR as a percentage value for ASTL suggests high volalility. |
| Average Directional Index/ADX (14) | 23.99 | NEUTRAL | The ADX value for ASTL suggests a possible start of a new 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)
5.35
-0.29 (-5.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-5.14%
1 Week-11.06%
2 Weeks-22.46%
1 Month-24.75%
3 Month-7.12%
6 Month-34.44%
12 Month-43.39%
2 Year-30.79%
3 Year-41.85%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%6.08%
ATR Inc72.91%
Range Today0.26
ADR(20)0.3
ADR(20)%5.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.88
Mansfield-3.87
10 Day High7.24
10 Day Low5.05
20 Day High7.24
20 Day Low5.05
52 Week High12.14
52 Week Low4.17
CS1 EndN/A
CR1 Start6.28
Volume & EV
DER(3)3.05%
DER(5)3.97%
Volume1.63M
Volume Incr82.06%
Vol(5)1.55M
Vol(50)1.06M