Technical Analysis for ASTL - Algoma Steel Group Inc
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 10.250 | -0.68% | -0.070 |
ASTL closed down 0.68 percent on Friday, March 24, 2023, on 31 percent of normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Hammer Candlestick | Bullish | 0.00% | |
| Lizard Bullish | Bullish Day Trade Setup | 0.00% | |
| Down 3 Days in a Row | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Fell Below 200 DMA | Bearish | -0.68% | |
| MACD Bearish Centerline Cross | Bearish | -0.68% | |
| NR7 | Range Contraction | -0.68% | |
| Narrow Range Bar | Range Contraction | -0.68% | |
| Oversold Stochastic | Weakness | -0.68% | |
| Fell Below 50 DMA | Bearish | -1.54% |
Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App
| Alert | Time |
|---|---|
| Fell Below Previous Day's Low | about 14 hours ago |
| Down 2% | about 14 hours ago |
| Down 1% | about 14 hours ago |
| Down 1% | 1 day ago |
| Fell Below 200 DMA | 1 day ago |
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Basic chart:
- Earnings date: 2023-02-13
Algoma Steel Group Inc. produces and sells steel products in Canada and the United States. It provides hot and cold rolled steel plate products for construction, mining, manufacturing, energy, shipbuilding, and military applications; and hot and cold rolled sheet steels in carbon and HSLA grades for use in manufacturing applications of automotive industry. Algoma Steel Group Inc. was founded in 1901 and is headquartered in Sault Ste. Marie, Canada.
Sector: Basic Materials
Industry: Steel
Keywords: Mining Energy Manufacturing Construction Architecture Building Materials Economic Sectors Steel Products Metalworking Structural Steel
Classification
Sector: Basic Materials
Industry: Steel
Keywords: Mining Energy Manufacturing Construction Architecture Building Materials Economic Sectors Steel Products Metalworking Structural Steel
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 14.7107 |
| 52 Week Low | 7.6484 |
| Average Volume | 215,264 |
| 200-Day Moving Average | 10.353 |
| 50-Day Moving Average | 10.574 |
| 20-Day Moving Average | 10.995 |
| 10-Day Moving Average | 10.612 |
| Average True Range | 0.443 |
| RSI | 42.86 |
| ADX | 23.92 |
| +DI | 17.927 |
| -DI | 27.913 |
| Chandelier Exit (Long, 3 ATRs) | 11.191 |
| Chandelier Exit (Short, 3 ATRs) | 11.232 |
| Upper Bollinger Bands | 12.131 |
| Lower Bollinger Band | 9.858 |
| Percent B (%b) | 0.17 |
| BandWidth | 20.679 |
| MACD Line | -0.062 |
| MACD Signal Line | 0.075 |
| MACD Histogram | -0.1369 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 10.625 | ||||
| Resistance 3 (R3) | 10.593 | 10.437 | 10.563 | ||
| Resistance 2 (R2) | 10.437 | 10.341 | 10.453 | 10.542 | |
| Resistance 1 (R1) | 10.343 | 10.282 | 10.265 | 10.375 | 10.521 |
| Pivot Point | 10.187 | 10.187 | 10.148 | 10.203 | 10.187 |
| Support 1 (S1) | 10.093 | 10.091 | 10.015 | 10.125 | 9.979 |
| Support 2 (S2) | 9.937 | 10.032 | 9.953 | 9.958 | |
| Support 3 (S3) | 9.843 | 9.937 | 9.938 | ||
| Support 4 (S4) | 9.875 |
