ALLETE INC (ALE)
US0185223007 - Common Stock
Overall ALE gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. ALE was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, ALE is a bad performer in the overall market: 68% of all stocks are doing better.
In the last month ALE has a been trading in the 56.66 - 61.01 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
ALE is part of the Electric Utilities industry. There are 45 other stocks in this industry, ALE did better than 45% of them.
ALE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ALE is lagging the market slightly.
Although the technical rating is bad, ALE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 58.15, a Stop Loss order could be placed below this zone.
More info and screens
52.05
63.47
When analyzing the support we can see 4 important areas.
- A support zone ranging from 58.04 to 58.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @57.11 from a horizontal line in the daily time frame.
- A support zone ranging from 54.49 to 54.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @52.58 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 58.54 to 59.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @60.44 from a horizontal line in the daily time frame.
- A resistance zone ranging from 61.59 to 62.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.78
Mansfield-0.77
10 Day High61.01
10 Day Low56.66
20 Day High61.01
20 Day Low56.66
52 Week High64.24
52 Week Low49.29
Performance
1 Week-0.68%
2 Weeks-1.53%
1 Month0.88%
3 Month-0.39%
6 Month10.73%
12 Month-8.32%
2 Year-1.43%
3 Year-16.87%
5 Year-28.19%
10 Year13%
15 Year124.62%
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)
Technical Indicators
MACD(12,26,9)-0.21
RSI(14)49.3
LBB57.11
UBB61.03
ALLETE INC
NYSE:ALE (4/18/2024, 7:04:00 PM)
After market: 58.49 0 (0%)58.49
+0.62 (+1.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg1.07%
1 Week-0.68%
2 Weeks-1.53%
1 Month0.88%
3 Month-0.39%
6 Month10.73%
12 Month-8.32%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.04
ATR(20)%1.73%
ATR Inc
Range Today1.02
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High61.01
10 Day Low56.66
20 Day High61.01
20 Day Low56.66
52 Week High64.24
52 Week Low49.29
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume265.40K
Volume Incr-24.95%
Vol(5)231.64K
Vol(50)290.47K