(ALE) Allete Inc complete technical analysis [charts+indicators] | Buy/Sell Allete Inc | (ALE) share price targets
Complete technical analysis of Allete Inc (ALE) by charts plus indicators, forecast predictions and share price targets for Allete Inc (ALE)
Allete Inc trades in USA in Public Utilities sector.
Showing technical analysis as on 2024-01-19 View latest technical analysis
10 day averaged volume of Allete Inc is 258150
| Date | Daily Closing Price | Open | High | Low | Volume |
| 19 Fri Jan 2024 | 58.72 | 58.81 | 58.89 | 58.18 | 0.788 times |
| 18 Thu Jan 2024 | 58.72 | 59.20 | 59.20 | 58.40 | 0.915 times |
| 17 Wed Jan 2024 | 59.39 | 59.38 | 60.09 | 58.75 | 0.953 times |
| 16 Tue Jan 2024 | 59.77 | 60.80 | 60.80 | 59.58 | 0.952 times |
| 12 Fri Jan 2024 | 60.93 | 61.42 | 61.55 | 60.77 | 0.722 times |
| 12 Fri Jan 2024 | 60.93 | 61.42 | 61.55 | 60.77 | 0.722 times |
| 11 Thu Jan 2024 | 60.87 | 61.27 | 61.45 | 60.18 | 1.377 times |
| 10 Wed Jan 2024 | 61.59 | 61.59 | 61.94 | 61.15 | 1.218 times |
| 09 Tue Jan 2024 | 62.21 | 62.00 | 62.52 | 61.70 | 1.109 times |
| 08 Mon Jan 2024 | 62.49 | 62.36 | 62.61 | 61.89 | 0.885 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 58.6, for a target of 60 or 61.2
Share price targets for Allete Inc (ALE)
| Target Type | Value |
| Downside Target | 49.29 |
| Downside Target | 52.30 |
| Downside Target | 54.76 |
| Downside Target | 57.02 |
| Upside Target | 60.18 |
| Upside Target | 60.99 |
| Upside Target | 61.37 |
| Upside Target | 61.55 |
| Upside Target | 62.16 |
| Upside Target | 62.61 |
| Upside Target | 63.69 |
Intraday share price targets for Allete Inc (ALE)
| Target Type | Value |
| Downside Intraday Target | 57.67 |
| Downside Intraday Target | 56.61 |
| Upside Intraday Target | 60.29 |
| Upside Intraday Target | 61.85 |
| Upside Intraday Target | 59.23 |
Weekly technical analysis of Allete Inc (ALE)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 19 Fri Jan 2024 | 58.72 | 60.80 | 60.80 | 58.18 | 4.999 times |
| 12 Fri Jan 2024 | 60.93 | 61.42 | 61.55 | 60.77 | 0.136 times |
| 12 Fri Jan 2024 | 60.93 | 62.36 | 62.61 | 60.18 | 1.024 times |
| 05 Fri Jan 2024 | 62.32 | 60.71 | 63.69 | 60.71 | 4.224 times |
| 29 Fri Dec 2023 | 61.16 | 61.17 | 61.37 | 60.99 | 0.311 times |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Allete Inc (ALE)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 19 Fri Jan 2024 | 58.72 | 60.71 | 63.69 | 58.18 | 0.337 times |
| 29 Fri Dec 2023 | 61.16 | 55.44 | 62.16 | 55.04 | 1.685 times |
| 30 Thu Nov 2023 | 55.48 | 53.59 | 57.40 | 53.10 | 0.891 times |
| 31 Tue Oct 2023 | 53.54 | 52.60 | 54.76 | 49.29 | 0.996 times |
Scroll below to view daily charts
Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Allete Inc (ALE)
Price action analysis of Allete Inc ( (ALE) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Allete Inc ( (ALE) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Allete Inc ( (ALE) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Allete Inc ( (ALE) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Allete Inc stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Allete Inc in short term but the sell signal is initial and weak.
Allete Inc Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Allete Inc in short term and SELL signal is strong!
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Allete Inc is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 60.64 and Allete Inc (ALE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Allete Inc (ALE) stock. Volume based technical analysis of Allete Inc (ALE) stock is negative.
Allete Inc Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Allete Inc ( (ALE) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Allete Inc ( (ALE) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Allete Inc ( (ALE) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Allete Inc ( (ALE) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Allete Inc stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Allete Inc in short term but the sell signal is initial and weak.
Allete Inc Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Allete Inc in short term and SELL signal is strong!
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Allete Inc is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 60.64 and Allete Inc (ALE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Allete Inc (ALE) stock. Volume based technical analysis of Allete Inc (ALE) stock is negative.
Allete Inc Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.