ALLETE INC (ALE) Stock Technical Analysis
NYSE:ALE - New York Stock Exchange, Inc. - US0185223007 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to ALE. ALE has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
ALE is part of the Electric Utilities industry. There are 46 other stocks in this industry, of which 68% are performing better than ALE.
ALE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ALE is performing more or less in line with the market.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When compared to the yearly performance of all other stocks, ALE outperforms 60% of them, which is more or less in line with the market.
In the last month ALE has a been trading in a tight range between 64.78 and 65.80.
Considerably lower volume is observed in the last couple of days.
ALE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 64.54, a Stop Loss order could be placed below this zone.
More info and screens
62.52
66.57
2 important support areas can be observed.
- A support zone ranging from 64.32 to 64.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 63.15 to 63.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 65.17 to 65.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for ALE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ALE is down. |
| ChartMill Relative Strength | 60.38 | NEUTRAL | ALE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ALE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.75 | NEUTRAL | The RSI value for ALE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ALE has a negative trend. |
| Stochastics (14,3) | 12.01 | OVERSOLD | The low Stochastics value suggests ALE may be oversold. |
| Average True Range in percent/ATR (20) | 0.41 | LOW VOLATILITY | The low ATR as a percentage value for ALE suggests low volalility. |
| Average Directional Index/ADX (14) | 18.53 | NEGATIVE | The low ADX value for ALE suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
64.98
+0.03 (+0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg0.05%
1 Week-0.23%
2 Weeks-0.72%
1 Month-0.32%
3 Month-0.81%
6 Month0.08%
12 Month3.27%
2 Year9.08%
3 Year4.77%
5 Year10.64%
10 Year29.06%
15 Year88.24%
Volatility
ATR(14)0.27
ATR(20)%0.41%
ATR Inc7.47%
Range Today0.39
ADR(20)0.23
ADR(20)%0.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.38
Mansfield-0.11
10 Day High65.8
10 Day Low64.78
20 Day High65.8
20 Day Low64.78
52 Week High65.99
52 Week Low61.51
CS1 End64.54
CR1 Start65.17
Volume & EV
DER(3)-0.57%
DER(5)-1.95%
Volume293.50K
Volume Incr-33.48%
Vol(5)225.26K
Vol(50)350.25K