We assign a technical rating of 4 out of 10 to ASTL. Recently some decent action could be observed, but in the medium term time frame this is still negative. ASTL was also a bad performer in the overall market in the last year.
ASTL has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 4.28, a Stop Loss order could be placed below this zone.
More info and screens
3.16
When analyzing the support we notice one important area.
- Support @3.19 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 4.23 to 4.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.40 to 4.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @4.54 from a horizontal line in the weekly time frame.
- Resistance @4.62 from a horizontal line in the daily time frame.
- Resistance @4.70 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 | 13.28 | NEGATIVE | ASTL has a low relative strength, it was outperformed by 86.72% 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) | 54.01 | NEUTRAL | The RSI value for ASTL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ASTL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.7 | NEUTRAL | The Stochastics value for ASTL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.98 | HIGH VOLATILITY | The high ATR as a percentage value for ASTL suggests high volalility. |
| Average Directional Index/ADX (14) | 21.45 | NEUTRAL | The ADX value for ASTL suggests a possible start of a new trend. |
4.18
-0.11 (-2.56%)
ALGOMA STEEL GROUP INC / ASTL FAQ
Can you provide the ChartMill technical rating for ALGOMA STEEL GROUP INC?
ChartMill assigns a technical rating of 4 / 10 to ASTL.
Can you provide the trend direction for ALGOMA STEEL GROUP INC?
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 54.0102. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ALGOMA STEEL GROUP INC?
The MACD indicator for ALGOMA STEEL GROUP INC (ASTL) has a value of 0.0108117, indicating a bearish trend.
Can you provide the support and resistance levels for ALGOMA STEEL GROUP INC?
ALGOMA STEEL GROUP INC (ASTL) has a support level at 4.28 and a resistance level at 4.4. Check the full technical report for our detailed analysis of ASTL support and resistance levels.