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Algoma Steel Group Inc.

ASTLW•NASDAQ
Basic Materials
Steel
$0.16
$0.00(0.00%)
U.S. Market opens in 7h 47m

Algoma Steel Group Inc. (ASTLW) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Algoma Steel Group Inc. (NASDAQ:ASTLW).

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

ASTLW Technical Analysis Summary

Algoma Steel Group Inc. stock currently trades in a neutral range, with no clear dominance from buyers or sellers.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 46.57)
Trend Strength:Weak (ADX: 18.76)
Volatility:High (ATR: 0.05)
Support/Resistance:$0.12 – $0.24 (Bollinger Bands)

This mix signals that Algoma Steel Group Inc. is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 46.57

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 30.10

Bearish
Momentum remains weak below midpoint.

Williams %R: -76.92

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): -18.90

Strongly Bearish
Sharp downside momentum.

Takeaway:Algoma Steel Group Inc. shows weakening momentum, with sellers gaining the edge.

Trend & Volatility

MACD: 0.01

Bullish
Bullish, trend momentum is strengthening.

ADX: 18.76

Weak
Weak trend, market trading sideways.

ATR (14): 0.05

Low
Low volatility, stable price action.

CCI (14): -46.73

Bearish
Bearish, momentum remains under pressure.

Takeaway:Algoma Steel Group Inc. shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.24
Middle Band (SMA 20)
$0.18
Lower Band
$0.12
Current Position
Within Bands

Takeaway:Algoma Steel Group Inc. trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$0.28
Middle Line (EMA 20)
$0.17
Lower Channel
$0.07
Squeeze Status
Squeeze On

Takeaway:Algoma Steel Group Inc. trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-1.23M
Money Flow Index27.43Bearish, selling pressure outweighs inflows.
Relative Vigor Index28.65Bearish, price momentum favors sellers.

Overall Takeaway:ASTLW shows bearish money flow, with sellers dominating volume and vigor.

Technical Trading Signals Summary
Based on the current technical analysis of Algoma Steel Group Inc., here are the key trading signals and recommendations:

Bullish Signals

MACD above 0 → bullish trend confirmation.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Algoma Steel Group Inc. shows a Neutral outlook — indicators suggest balanced momentum with no clear directional trend.

Technical Analysis FAQ