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Stock Trend Analysis Report

Prepared for you on Thursday, May 30, 2024.

Algoma Steel Group Inc. (TSE:ASTL)

Bear Market Rally (-75) - ASTL is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ASTL as it may be in the beginning of a reversal.

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
10.46 10.66 10.46 10.54 -0.04
Entry Signal

MarketClub’s Trade Triangles for ASTL

long term down The long-term trend has been DOWN since Mar 4th, 2024 at 10.50

intermediate term up The intermediate-term trend has been UP since May 21st, 2024 at 10.89

short term down The short-term trend has been DOWN since May 27th, 2024 at 10.63

Smart Scan Analysis for ASTL

Based on our trend formula, ASTL is rated as a -75 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
10.46 10.66 10.46 10.54 -0.04
Prev. Close Volume Bid Ask Time
10.58 9031 2024-05-30 13:47:40
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