ALGOMA STEEL GROUP INC -CW26 (ASTLW) Stock Technical Analysis
NASDAQ:ASTLW - Nasdaq - - Currency: USD
Taking everything into account, ASTLW scores 1 out of 10 in our technical rating. ASTLW'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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, ASTLW is a bad performer in the overall market: 96% of all stocks are doing better.
ASTLW is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ASTLW is lagging the market.
Warning: ASTLW has an average volume of 16214 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month ASTLW has a been trading in the 0.28 - 0.48 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.
Although the technical rating is bad, ASTLW does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.46. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ASTLW in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.37
0.46
When analyzing the support we notice one important area.
- A support zone ranging from 0.37 to 0.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.46 to 0.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 ASTLW is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ASTLW is neutral. |
| ChartMill Relative Strength | 4.46 | NEGATIVE | ASTLW has a low relative strength, it was outperformed by 95.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ASTLW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ASTLW is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ASTLW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.38 | NEUTRAL | The RSI value for ASTLW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ASTLW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.22 | NEUTRAL | The Stochastics value for ASTLW is a neutral value. |
| Average True Range in percent/ATR (20) | 10.6 | HIGH VOLATILITY | The high ATR as a percentage value for ASTLW suggests high volalility. |
| Average Directional Index/ADX (14) | 21.99 | NEUTRAL | The ADX value for ASTLW suggests a possible start of a new 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)
NASDAQ:ASTLW (5/30/2025, 8:00:01 PM)
0.4165
+0.04 (+11.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg11.81%
1 Week-7.44%
2 Weeks-7.3%
1 Month18.32%
3 Month-45.2%
6 Month-77.73%
12 Month-61.44%
2 Year-70.67%
3 Year-82.2%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%10.6%
ATR Inc26.36%
Range Today0.03
ADR(20)0.04
ADR(20)%9.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.46
Mansfield-6.56
10 Day High0.48
10 Day Low0.37
20 Day High0.48
20 Day Low0.28
52 Week High2.4
52 Week Low0.2
CS1 End0.37
CR1 Start0.46
Volume & EV
DER(3)13.6%
DER(5)3.13%
Volume2.70K
Volume Incr-48.76%
Vol(5)4.76K
Vol(50)16.21K