Technical Analysis for ASTL - Algoma Steel Group Inc.

Grade Last Price % Change Price Change
D 8.55 1.36% 0.12
ASTL closed up 0.48 percent on Wednesday, March 27, 2024, on 66 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Stochastic Reached Overbought Strength 1.36%
Inside Day Range Contraction 1.36%
Above Upper BB Strength 1.36%
Overbought Stochastic Strength 1.36%
Up 3 Days in a Row Strength 1.36%
Upper Bollinger Band Touch Strength 1.36%
Crossed Above 50 DMA Bullish 1.85%
Expansion Pivot Buy Setup Bullish Swing Setup 1.85%
Above Upper BB Strength 1.85%
Upper Bollinger Band Touch Strength 1.85%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout 24 minutes ago
Rose Above Previous Day's High about 1 hour ago
Up 1% about 1 hour ago
60 Minute Opening Range Breakout about 20 hours ago
Up 1% about 20 hours ago

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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

Indicators

Indicator Value
52 Week High 10.1916
52 Week Low 6.2816
Average Volume 635,923
200-Day Moving Average 7.68
50-Day Moving Average 8.21
20-Day Moving Average 7.93
10-Day Moving Average 7.97
Average True Range 0.28
RSI (14) 58.16
ADX 15.71
+DI 28.43
-DI 18.83
Chandelier Exit (Long, 3 ATRs) 7.95
Chandelier Exit (Short, 3 ATRs) 8.37
Upper Bollinger Bands 8.37
Lower Bollinger Band 7.48
Percent B (%b) 1.06
BandWidth 11.27
MACD Line -0.01
MACD Signal Line -0.10
MACD Histogram 0.0894
Fundamentals Value
Market Cap 877.04 Million
Num Shares 104 Million
EPS 0.48
Price-to-Earnings (P/E) Ratio 17.56
Price-to-Sales 0.30
Price-to-Book 0.77
Dividend 0.27
Dividend Yield 3.20%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 8.81
Resistance 3 (R3) 8.79 8.64 8.75
Resistance 2 (R2) 8.64 8.54 8.65 8.73
Resistance 1 (R1) 8.53 8.48 8.56 8.56 8.71
Pivot Point 8.38 8.38 8.39 8.39 8.38
Support 1 (S1) 8.28 8.28 8.30 8.30 8.15
Support 2 (S2) 8.13 8.22 8.14 8.13
Support 3 (S3) 8.02 8.13 8.11
Support 4 (S4) 8.05