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ALGOMA STEEL GROUP INC (ASTL) Stock Technical Analysis

NASDAQ:ASTL - Nasdaq - CA0156581070 - Common Stock - Currency: USD

6.77  -0.15 (-2.17%)

After market: 6.9 +0.13 (+1.92%)

Technical Rating and Analysis

4

Taking everything into account, ASTL scores 4 out of 10 in our technical rating. ASTL has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

ASTL is part of the Metals & Mining industry. There are 154 other stocks in this industry, of which 72% are performing better than ASTL.
ASTL is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, ASTL outperforms 47% of them, which is more or less in line with the market.
ASTL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ASTL is lagging the market.
Weekly and Daily overview Charts
ALGOMA STEEL GROUP INC / ASTL Weekly stock chart
ALGOMA STEEL GROUP INC / ASTL Daily stock chart
Setup Rating and Analysis

8

ASTL has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 6.76, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

5.46

7.19

When analyzing the support we can see 2 important areas.

  • A support zone ranging from 6.62 to 6.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @5.52 from a trend line in the daily time frame.

2 important resistance areas can be observed.

  • A resistance zone ranging from 6.88 to 6.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A resistance zone ranging from 7.10 to 7.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorNEUTRALNEUTRALThe long term trend for ASTL is neutral.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for ASTL is neutral.
ChartMill Relative Strength47.72NEUTRALASTL is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of ASTL is below a declining SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of ASTL is above the rising SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of ASTL is below a declining SMA(200).
Relative Strength Index/RSI (14)51.88NEUTRALThe RSI value for ASTL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.06NEGATIVEThe MACD value suggests ASTL has a negative trend.
Stochastics (14,3)43.33NEUTRALThe Stochastics value for ASTL is a neutral value.
Average True Range in percent/ATR (20)4.31MEDIUM VOLATILITYThe ATR as a percentage value for ASTL suggests some volalility.
Average Directional Index/ADX (14)15.08NEGATIVEThe low ADX value for ASTL suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
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)
ALGOMA STEEL GROUP INC / ASTL Daily stock chart

ALGOMA STEEL GROUP INC

NASDAQ:ASTL (7/23/2025, 8:03:38 PM)

After market: 6.9 +0.13 (+1.92%)

6.77

-0.15 (-2.17%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-2.17%
1 Week-2.73%
2 Weeks-2.45%
1 Month-1.74%
3 Month31.97%
6 Month-23.5%
12 Month-21.91%
2 Year-12.42%
3 Year-26.41%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%4.31%
ATR Inc2.18%
Range Today0.34
ADR(20)0.28
ADR(20)%4.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.72
Mansfield-2.37
10 Day High7.24
10 Day Low6.59
20 Day High7.25
20 Day Low6.39
52 Week High12.14
52 Week Low4.17
CS1 End6.76
CR1 Start6.88
Volume & EV
DER(3)0.77%
DER(5)1.29%
Volume1.13M
Volume Incr-10.26%
Vol(5)842.80K
Vol(50)947.66K