ALGOMA STEEL GROUP INC (ASTL) Stock Technical Analysis
NASDAQ:ASTL - Nasdaq - CA0156581070 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to ASTL. 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, ASTL is a bad performer in the overall market: 86% of all stocks are doing better.
ASTL is one of the lesser performing stocks in the Metals & Mining industry. 84% of 154 stocks in the same industry do better.
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.
ASTL has an average volume of 1040410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ASTL has a been trading in the 4.27 - 6.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
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
5.41
6.33
We found 1 important support area.
- A support zone ranging from 5.46 to 5.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 5.94 to 6.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.21 to 6.27. This zone is formed by a combination of multiple trend lines in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.13
Mansfield-3.55
10 Day High6.39
10 Day Low5.28
20 Day High6.39
20 Day Low4.27
52 Week High12.14
52 Week Low4.17
Performance
1 Week-6.01%
2 Weeks3.8%
1 Month10.95%
3 Month-27.74%
6 Month-51.42%
12 Month-30.85%
2 Year-20.15%
3 Year-43.02%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)47.69
LBB5.25
UBB6.23
5.47
-0.12 (-2.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-2.15%
1 Week-6.01%
2 Weeks3.8%
1 Month10.95%
3 Month-27.74%
6 Month-51.42%
12 Month-30.85%
2 Year-20.15%
3 Year-43.02%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%6.04%
ATR Inc-43.69%
Range Today0.2
ADR(20)0.32
ADR(20)%5.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.13
Mansfield-3.55
10 Day High6.39
10 Day Low5.28
20 Day High6.39
20 Day Low4.27
52 Week High12.14
52 Week Low4.17
CS1 End5.46
CR1 Start5.94
Volume & EV
DER(3)0.87%
DER(5)2.41%
Volume389.14K
Volume Incr-49.32%
Vol(5)481.06K
Vol(50)1.04M