Stock Trend Analysis Report
Prepared for you on Monday, May 23, 2022.
Algoma Steel Group Inc. (TSE: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.
MarketClub’s Trade Triangles for ASTL
The long-term trend has been DOWN since May 12th, 2022 at 10.48
The intermediate-term trend has been DOWN since Apr 20th, 2022 at 13.18
The short-term trend has been DOWN since May 20th, 2022 at 11.57
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).