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Stock Trend Analysis Report

Prepared for you on Monday, May 20, 2024.

Algoma Steel Group Inc. (NASDAQ:ASTL)

Crossroads (+60) - ASTL is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid ASTL?

MarketClub looks at technical strength and momentum to determine if the timing is right for ASTL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_ASTL
Open High Low ASTL Price Change
7.94 8.33 7.90 8.22 +0.27
Entry Signal

MarketClub’s Trade Triangles for ASTL

long term down The long-term trend has been DOWN since Mar 4th, 2024 at 7.780

intermediate term up The intermediate-term trend has been UP since May 20th, 2024 at 7.980

short term up The short-term trend has been UP since May 17th, 2024 at 7.855

Smart Scan Analysis for ASTL

Based on our trend formula, ASTL is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for ASTL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.94 8.33 7.90 8.22 +0.27
Prev. Close Volume Bid Ask Time
7.95 574167 2024-05-20 15:59:50
52wk High10.2552wk High Date2023-12-27
52wk Low6.34552wk Low Date2023-10-06
Average Volume293,229Shares Outstanding112,074
Assets271,310,000MLiabilities110,140,000M
P/E Ratio6.3708
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