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Stock Trend Analysis Report

Prepared for you on Sunday, September 24, 2023.

Algoma Steel Group Inc. (NASDAQ:ASTL)

Long-Term Downtrend (-90) - ASTL is in a strong downtrend that is likely to continue. While ASTL is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

Open High Low ASTL Price Change
6.7200 6.8800 6.6712 6.7800 +0.0700
Entry Signal

MarketClub’s Trade Triangles for ASTL

long term down The long-term trend has been DOWN since May 1st, 2023 at 7.14

intermediate term down The intermediate-term trend has been DOWN since Sep 13th, 2023 at 6.98

short term down The short-term trend has been DOWN since Sep 6th, 2023 at 7.48

Smart Scan Analysis for ASTL

Based on our trend formula, ASTL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for ASTL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.7200 6.8800 6.6712 6.7800 +0.0700
Prev. Close Volume Bid Ask Time
6.7800 334473 2023-09-22 15:59:56
52wk High9.252wk High Date2023-03-03
52wk Low5.6452wk Low Date2022-12-19
Average Volume412,025Shares Outstanding112,074
P/E Ratio5.317
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