ALGOMA STEEL GROUP INC (ASTL) Technical Analysis
NASDAQ:ASTL • CA0156581070
Taking everything into account, ASTL scores 0 out of 10 in our technical rating. ASTL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 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 part of the Metals & Mining industry. There are 157 other stocks in this industry, of which 85% are performing better than ASTL.
- ASTL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ASTL is lagging the market.
- In the last month ASTL has a been trading in the 3.67 - 5.16 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 1476430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
3.27
When analyzing the support we notice one important area.
- Support @3.30 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @4.65 from a trend line in the weekly time frame.
- Resistance @4.84 from a trend line in the daily time frame.
- Resistance @5.13 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 | DOWN | NEGATIVE | The short term trend for ASTL is down. |
| ChartMill Relative Strength | 10.85 | NEGATIVE | ASTL has a low relative strength, it was outperformed by 89.15% 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) | 33.36 | NEUTRAL | The RSI value for ASTL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests ASTL has a negative trend. |
| Stochastics (14,3) | 10.87 | OVERSOLD | The low Stochastics value suggests ASTL may be oversold. |
| Average True Range in percent/ATR (20) | 9.58 | HIGH VOLATILITY | The high ATR as a percentage value for ASTL suggests high volalility. |
| Average Directional Index/ADX (14) | 14.73 | NEGATIVE | The low ADX value for ASTL suggests a weak or negative trend. |
ASTL Technicals: Chart, Performance Metrics, Trend & Indicators
3.69
-0.64 (-14.78%)
ALGOMA STEEL GROUP INC / ASTL FAQ
What is the ChartMill technical rating of ALGOMA STEEL GROUP INC (ASTL) stock?
ChartMill assigns a technical rating of 0 / 10 to ASTL.
What is the current trend direction of ALGOMA STEEL GROUP INC (ASTL) stock?
The current trend direction for ALGOMA STEEL GROUP INC (ASTL) is Bearish.
Can you provide the RSI signal for ALGOMA STEEL GROUP INC?
ALGOMA STEEL GROUP INC (ASTL) has an RSI value of 33.3551. This indicates that the stock is currently neutral.
What is the short term momentum for ALGOMA STEEL GROUP INC (ASTL) stock?
The short term momentum for ALGOMA STEEL GROUP INC (ASTL) is negative.
What is the buy/sell signal for ASTL stock?
The buy/sell signal for ALGOMA STEEL GROUP INC (ASTL) is sell as both the short term and long term trends are negative.