ALLETE INC (ALE) Stock Technical Analysis
NYSE:ALE - New York Stock Exchange, Inc. - US0185223007 - Common Stock - Currency: USD
Overall ALE gets a technical rating of 5 out of 10. ALE has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
ALE is part of the Electric Utilities industry. There are 47 other stocks in this industry, of which 63% are performing better than ALE.
ALE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ALE is lagging the market slightly.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, ALE outperforms 40% 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 63.27 and 66.40.
Volume is considerably higher in the last couple of days.
ALE has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
61.42
66.73
We found 2 important support areas.
- A support zone ranging from 63.53 to 65.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @62.04 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 66.07 to 66.07. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for ALE is neutral. |
| ChartMill Relative Strength | 40.17 | NEUTRAL | ALE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALE is above the rising 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) | 70.74 | OVERBOUGHT | The high RSI value suggests ALE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests ALE has a positive trend. |
| Stochastics (14,3) | 90.35 | OVERBOUGHT | The high Stochastics value suggests ALE may be overbought. |
| Average True Range in percent/ATR (20) | 0.86 | LOW VOLATILITY | The low ATR as a percentage value for ALE suggests low volalility. |
| Average Directional Index/ADX (14) | 21.79 | NEUTRAL | The ADX value for ALE suggests a possible start of a new 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)
66.06
+1.09 (+1.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg1.68%
1 Week1.85%
2 Weeks3.22%
1 Month1.4%
3 Month2.37%
6 Month1.3%
12 Month4.02%
2 Year15.03%
3 Year6.43%
5 Year11.4%
10 Year36.8%
15 Year83.19%
Volatility
ATR(14)0.48
ATR(20)%0.86%
ATR Inc143.83%
Range Today1.65
ADR(20)0.57
ADR(20)%0.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.17
Mansfield-0.56
10 Day High66.38
10 Day Low63.74
20 Day High66.4
20 Day Low63.27
52 Week High66.4
52 Week Low63
CS1 End65.89
CR1 Start66.07
Volume & EV
DER(3)0.35%
DER(5)0.73%
Volume1.69M
Volume Incr96.16%
Vol(5)799.34K
Vol(50)412.91K