(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 2024-01-31 View latest technical analysis
10 day averaged volume of Allete Inc is 262970
| Date | Daily Closing Price | Open | High | Low | Volume |
| 31 Wed Jan 2024 | 59.11 | 60.00 | 60.29 | 59.04 | 1.936 times |
| 30 Tue Jan 2024 | 59.60 | 59.53 | 59.87 | 58.83 | 1.024 times |
| 29 Mon Jan 2024 | 59.68 | 58.97 | 60.03 | 58.76 | 0.959 times |
| 26 Fri Jan 2024 | 59.01 | 59.74 | 59.87 | 58.98 | 0.945 times |
| 25 Thu Jan 2024 | 59.44 | 58.65 | 59.50 | 58.59 | 1.372 times |
| 24 Wed Jan 2024 | 57.94 | 59.70 | 59.90 | 57.67 | 1.172 times |
| 23 Tue Jan 2024 | 59.28 | 59.66 | 59.68 | 58.96 | 1.033 times |
| 22 Mon Jan 2024 | 59.34 | 59.29 | 59.72 | 58.93 | 0.887 times |
| 19 Fri Jan 2024 | 58.72 | 58.81 | 58.89 | 58.18 | 0.773 times |
| 18 Thu Jan 2024 | 58.72 | 59.20 | 59.20 | 58.40 | 0.898 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 58.8 as stoploss in an intra day buy trade for a target of 60.2. However, stock will show a bearish move below 58.8.
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 | 60.29 |
| Upside Target | 60.77 |
| Upside Target | 60.80 |
| 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 | 58.48 |
| Downside Intraday Target | 57.86 |
| Upside Intraday Target | 60.01 |
| Upside Intraday Target | 60.92 |
| Upside Intraday Target | 59.39 |
Weekly technical analysis of Allete Inc (ALE)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 31 Wed Jan 2024 | 59.11 | 58.97 | 60.29 | 58.76 | 0.725 times |
| 26 Fri Jan 2024 | 59.01 | 59.29 | 59.90 | 57.67 | 1.527 times |
| 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 |
Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Allete Inc (ALE)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 31 Wed Jan 2024 | 59.11 | 60.71 | 63.69 | 57.67 | 0.552 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Allete Inc ( (ALE) ) based on a short 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.
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 losing momentum.
MACD generated a SELL signal for Allete Inc in short term and the sell signal is strong.
Allete Inc Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.
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 buy signal for Allete Inc in short term and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL 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 59.09 and Allete Inc (ALE) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Allete Inc ( (ALE) ) based on a short 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.
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 losing momentum.
MACD generated a SELL signal for Allete Inc in short term and the sell signal is strong.
Allete Inc Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.
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 buy signal for Allete Inc in short term and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL 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 59.09 and Allete Inc (ALE) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.