Free Daily Analysis

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.

TSE_ASTL
Open High Low ASTL Price Change
12.16 12.16 11.20 11.44 -0.52
Entry Signal

MarketClub’s Trade Triangles for ASTL

long term down The long-term trend has been DOWN since May 12th, 2022 at 10.48

intermediate term down The intermediate-term trend has been DOWN since Apr 20th, 2022 at 13.18

short term down 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).

-90
Smart Scan Analysis for ASTL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.16 12.16 11.20 11.44 -0.52
Prev. Close Volume Bid Ask Time
11.47 145013 2022-05-20 15:59:50
Get a free daily analysis and signals for Algoma Steel Group Inc. (ASTL) - Request Your Free Report.