ALGOMA STEEL GROUP INC (ASTL) Stock Technical Analysis
NASDAQ:ASTL - Nasdaq - CA0156581070 - Common Stock - Currency: USD
Overall ASTL gets a technical rating of 0 out of 10. ASTL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
86% of all other stocks performed better in the past year than ASTL.
ASTL is part of the Metals & Mining industry. There are 151 other stocks in this industry, of which 76% are performing better than ASTL.
ASTL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ASTL has a been trading in the 7.52 - 8.96 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.
ASTL has a poor technical rating and the quality of the setup is also not perfect 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
7.19
8.68
When analyzing the support we notice one important area.
- Support @7.26 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @8.59 from a horizontal line 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
CRS14.25
Mansfield-2.04
10 Day High8.62
10 Day Low7.52
20 Day High8.96
20 Day Low7.52
52 Week High12.14
52 Week Low6.67
Performance
1 Week-6.77%
2 Weeks-11.77%
1 Month-12.28%
3 Month-32.77%
6 Month-22.12%
12 Month-9.67%
2 Year-5.61%
3 Year-16.81%
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)-0.02
RSI(14)30.27
LBB7.61
UBB8.63
7.57
-0.22 (-2.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-2.82%
1 Week-6.77%
2 Weeks-11.77%
1 Month-12.28%
3 Month-32.77%
6 Month-22.12%
12 Month-9.67%
2 Year-5.61%
3 Year-16.81%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%4.26%
ATR Inc-26.32%
Range Today0.3
ADR(20)0.32
ADR(20)%4.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.25
Mansfield-2.04
10 Day High8.62
10 Day Low7.52
20 Day High8.96
20 Day Low7.52
52 Week High12.14
52 Week Low6.67
CS1 End7.26
CR1 Start8.59
Volume & EV
DER(3)-3.86%
DER(5)-1.23%
Volume585.20K
Volume Incr-5.55%
Vol(5)406.60K
Vol(50)541.39K