ALLETE INC (ALE) Stock Technical Analysis
NYSE:ALE - US0185223007 - Common Stock
64.33 USD
-0.27 (-0.42%)
64.33 USD
0 (0%)
Taking everything into account, ALE scores 0 out of 10 in our technical rating. ALE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, ALE is a bad performer in the overall market: 68% of all stocks are doing better.
ALE is part of the Electric Utilities industry. There are 47 other stocks in this industry, of which 69% are performing better than ALE.
ALE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ALE is lagging the market.
In the last month ALE has a been trading in a tight range between 64.24 and 66.31.
The technical rating of ALE is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
61.42
67.11
We found 2 important support areas.
- A support zone ranging from 63.53 to 64.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @62.04 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 64.35 to 66.45. 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 | DOWN | NEGATIVE | The long term trend for ALE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ALE is down. |
| ChartMill Relative Strength | 32.85 | 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) | DOWN | NEGATIVE | The current price of ALE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.03 | NEUTRAL | The RSI value for ALE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests ALE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.78 | OVERSOLD | The low Stochastics value suggests ALE may be oversold. |
| Average True Range in percent/ATR (20) | 0.51 | LOW VOLATILITY | The low ATR as a percentage value for ALE suggests low volalility. |
| Average Directional Index/ADX (14) | 28.07 | POSITIVE | The high ADX value value for ALE suggests a strong 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)
64.33
-0.27 (-0.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-0.42%
1 Week-0.34%
2 Weeks-2.29%
1 Month-2.03%
3 Month-1.09%
6 Month-2.07%
12 Month1.23%
2 Year17.18%
3 Year8.7%
5 Year19.22%
10 Year34.64%
15 Year80.85%
Volatility
ATR(14)0.32
ATR(20)%0.51%
ATR Inc11.91%
Range Today0.48
ADR(20)0.3
ADR(20)%0.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.85
Mansfield-0.99
10 Day High65.86
10 Day Low64.24
20 Day High66.32
20 Day Low64.24
52 Week High66.46
52 Week Low63.25
CS1 End64.05
CR1 Start64.35
Volume & EV
DER(3)1.94%
DER(5)1.28%
Volume877.60K
Volume Incr8.02%
Vol(5)546.44K
Vol(50)592.03K