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    Technical Analysis for ASTL - Algoma Steel Group Inc.

    Grade Last Price % Change Price Change
    D 7.73 -1.40% -0.11
    ASTL closed down 1.4 percent on Wednesday, May 8, 2024, on 28 percent of normal volume. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline.
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    Trend Table & Recent EOD Trading Signals

    ADX Long Term Intermediate Term Short Term
    Weak or Absent Down Down Flat
    Historical ASTL trend table...
    Date Alert Name Type % Chg
    Fell Below 20 DMA Bearish 0.00%
    Fell Below 200 DMA Bearish 0.00%
    Bollinger Band Squeeze Range Contraction 0.00%
    Narrow Range Bar Range Contraction 0.00%
    Inside Day Range Contraction 0.00%
    Crossed Above 20 DMA Bullish -1.40%
    Crossed Above 200 DMA Bullish -1.40%
    Bollinger Band Squeeze Range Contraction -1.40%
    20 DMA Resistance Bearish -0.39%
    Fell Below 200 DMA Bearish -0.39%
    Older End-of-Day Signals for ASTL ...

       Recent Intraday Alerts

    Alert Time
    60 Minute Opening Range Breakdown about 17 hours ago
    Possible Inside Day about 18 hours ago
    Down 2 % about 22 hours ago
    Fell Below 200 DMA about 22 hours ago
    Down 1% about 22 hours ago
    View Earlier Intraday Alerts

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    Basic chart:

    Profile

    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.
    Classification
    Sector: Basic Materials
    Industry: Steel
    Keywords: Steel Steel Plates

    Is ASTL a Buy, Sell or Hold?

    Indicator Bull Case Neutral / Hold Bear Case
    50 DMA
    200 DMA
    ADX Trend
    Oversold / Overbought
    Relative Strength
    Counts: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.

    Recent News

    Date Title
    Mar 26 Algoma Steel announces pricing of $350M 9.125% Senior Secured Second Lien Notes due 2029
    Mar 26 Algoma Steel Inc. Announces Pricing of US$350 Million 9.125% Senior Secured Second Lien Notes due 2029
    Mar 15 Algoma Steel: Underpriced From Both Cyclical And EAF Perspectives
    Feb 27 Algoma Steel Group goes ex dividend tomorrow
    Feb 26 Algoma Steel Group to Participate in the BMO 33rd Global Metals, Mining & Critical Minerals Conference
    Feb 14 Algoma Resumes Normal Steel Production
    Feb 9 Algoma Addresses Casthouse Incident
    Feb 8 Algoma Steel Group Inc. (NASDAQ:ASTL) Q3 2024 Earnings Call Transcript
    Feb 7 Algoma Steel Group Inc. (ASTL) Q3 2024 Earnings Call Transcript
    Feb 7 Algoma Steel Group Inc. 2024 Q3 - Results - Earnings Call Presentation
    See more ASTL news...

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    Indicators

    Indicator Value
    52 Week High 10.1916
    52 Week Low 6.2816
    Average Volume 504,719
    200-Day Moving Average 7.80
    50-Day Moving Average 7.97
    20-Day Moving Average 7.79
    10-Day Moving Average 7.77
    Average True Range 0.24
    RSI (14) 44.13
    ADX 10.4
    +DI 18.20
    -DI 18.89
    Chandelier Exit (Long, 3 ATRs) 7.70
    Chandelier Exit (Short, 3 ATRs) 8.22
    Upper Bollinger Bands 7.99
    Lower Bollinger Band 7.59
    Percent B (%b) 0.35
    BandWidth 5.18
    MACD Line -0.09
    MACD Signal Line -0.09
    MACD Histogram 0.0083
    Fundamentals Value
    Market Cap 804.21 Million
    Num Shares 104 Million
    EPS 0.48
    Price-to-Earnings (P/E) Ratio 16.10
    Price-to-Sales 0.30
    Price-to-Book 0.77
    Dividend 0.27
    Dividend Yield 3.49%
    Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
    Resistance 4 (R4) 7.90
    Resistance 3 (R3) 7.90 7.84 7.87
    Resistance 2 (R2) 7.84 7.80 7.84 7.86
    Resistance 1 (R1) 7.79 7.77 7.76 7.79 7.85
    Pivot Point 7.73 7.73 7.72 7.73 7.73
    Support 1 (S1) 7.67 7.69 7.65 7.67 7.61
    Support 2 (S2) 7.62 7.66 7.62 7.60
    Support 3 (S3) 7.56 7.62 7.59
    Support 4 (S4) 7.56