Technical Analysis for ASTL - Algoma Steel Group Inc.
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| F | 7.95 | 2.51% | 0.20 |
ASTL closed up 2.51 percent on Friday, May 17, 2024, on 88 percent of normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Flat | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Crossed Above 20 DMA | Bullish | 0.00% | |
| Crossed Above 200 DMA | Bullish | 0.00% | |
| Crossed Above 50 DMA | Bullish | 0.00% | |
| Bollinger Band Squeeze | Range Contraction | 0.00% | |
| BB Squeeze + Upper Band Touch | Range Contraction | 0.00% | |
| Above Upper BB | Strength | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Up 3 Days in a Row | Strength | 0.00% | |
| Upper Bollinger Band Touch | Strength | 0.00% | |
| 20 DMA Resistance | Bearish | 2.51% |
| Alert | Time |
|---|---|
| 200 DMA Support | 2 days ago |
| 60 Minute Opening Range Breakout | 2 days ago |
| Rose Above Upper Bollinger Band | 2 days ago |
| Rose Above 200 DMA | 2 days ago |
| 50 DMA Resistance | 2 days ago |
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- Earnings date: 02/06/2024
Algoma Steel Group Inc, with operations based in Sault Ste. Marie, Ontario, is a leading Canadian producer of quality steel sheet and plate products with a rich 120-year tradition of steelmaking excellence. With a current raw steel production capacity of an estimated 2.8 million tons per year, Algoma delivers customer-driven product solutions straight from the ladle to direct applications in the automotive, construction, energy, defense, and manufacturing sectors across North America.
Sector: Basic Materials
Industry: Steel
Keywords: Steel Steel Plates
Classification
Sector: Basic Materials
Industry: Steel
Keywords: Steel Steel Plates
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 10.1916 |
| 52 Week Low | 6.2816 |
| Average Volume | 393,697 |
| 200-Day Moving Average | 7.82 |
| 50-Day Moving Average | 7.94 |
| 20-Day Moving Average | 7.78 |
| 10-Day Moving Average | 7.79 |
| Average True Range | 0.23 |
| RSI (14) | 54.34 |
| ADX | 9.89 |
| +DI | 21.34 |
| -DI | 15.65 |
| Chandelier Exit (Long, 3 ATRs) | 7.38 |
| Chandelier Exit (Short, 3 ATRs) | 8.22 |
| Upper Bollinger Bands | 7.95 |
| Lower Bollinger Band | 7.62 |
| Percent B (%b) | 1.01 |
| BandWidth | 4.24 |
| MACD Line | -0.04 |
| MACD Signal Line | -0.07 |
| MACD Histogram | 0.024 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 8.26 | ||||
| Resistance 3 (R3) | 8.23 | 8.10 | 8.21 | ||
| Resistance 2 (R2) | 8.10 | 8.02 | 8.11 | 8.19 | |
| Resistance 1 (R1) | 8.03 | 7.97 | 8.06 | 8.05 | 8.17 |
| Pivot Point | 7.90 | 7.90 | 7.91 | 7.91 | 7.90 |
| Support 1 (S1) | 7.82 | 7.82 | 7.86 | 7.85 | 7.73 |
| Support 2 (S2) | 7.69 | 7.77 | 7.70 | 7.71 | |
| Support 3 (S3) | 7.62 | 7.69 | 7.69 | ||
| Support 4 (S4) | 7.64 |
