ALGOMA STEEL GROUP INC (ASTL) Stock Technical Analysis
NASDAQ:ASTL - Nasdaq - CA0156581070 - Common Stock - Currency: USD
Taking everything into account, ASTL scores 4 out of 10 in our technical rating. In the past year, ASTL was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
79% of all other stocks performed better in the past year than ASTL.
ASTL is part of the Metals & Mining industry. There are 155 other stocks in this industry, of which 74% 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 4.71 - 6.52 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
ASTL has an average volume of 1027210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ASTL has an average technical rating and it also does not offer a high 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
5.02
6.41
We found 1 important support area.
- Support @5.07 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @6.35 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 is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASTL is up. |
| ChartMill Relative Strength | 21.67 | NEGATIVE | ASTL has a low relative strength, it was outperformed by 78.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ASTL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ASTL is above the rising 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) | 62.92 | NEUTRAL | The RSI value for ASTL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests ASTL has a positive trend. |
| Stochastics (14,3) | 90.11 | OVERBOUGHT | The high Stochastics value suggests ASTL may be overbought. |
| Average True Range in percent/ATR (20) | 4.61 | MEDIUM VOLATILITY | The ATR as a percentage value for ASTL suggests some volalility. |
| Average Directional Index/ADX (14) | 17.96 | NEGATIVE | The low ADX value for ASTL 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)
6.22
-0.12 (-1.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.89%
1 Week17.36%
2 Weeks14.55%
1 Month6.87%
3 Month-5.04%
6 Month-38.29%
12 Month-13.49%
2 Year-12.39%
3 Year-30.73%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%4.61%
ATR Inc19.47%
Range Today0.24
ADR(20)0.26
ADR(20)%4.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.67
Mansfield-2.8
10 Day High6.52
10 Day Low4.71
20 Day High6.52
20 Day Low4.71
52 Week High12.14
52 Week Low4.17
CS1 End5.07
CR1 Start6.35
Volume & EV
DER(3)0.75%
DER(5)0.7%
Volume1.38M
Volume Incr93.83%
Vol(5)1.55M
Vol(50)1.03M