(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 2024-02-14 View latest technical analysis
10 day averaged volume of Allete Inc is 321580
| Date | Daily Closing Price | Open | High | Low | Volume |
| 14 Wed Feb 2024 | 57.41 | 56.63 | 57.49 | 56.28 | 1.138 times |
| 13 Tue Feb 2024 | 57.11 | 58.23 | 58.62 | 56.82 | 1.202 times |
| 12 Mon Feb 2024 | 59.13 | 58.30 | 59.43 | 58.12 | 0.8 times |
| 09 Fri Feb 2024 | 58.29 | 57.54 | 58.53 | 57.54 | 0.735 times |
| 08 Thu Feb 2024 | 57.75 | 58.01 | 58.06 | 57.46 | 1.866 times |
| 07 Wed Feb 2024 | 58.20 | 58.30 | 58.38 | 58.00 | 0.67 times |
| 06 Tue Feb 2024 | 58.21 | 57.78 | 58.39 | 57.75 | 0.553 times |
| 05 Mon Feb 2024 | 57.94 | 58.49 | 58.59 | 57.77 | 0.807 times |
| 02 Fri Feb 2024 | 59.08 | 59.81 | 60.02 | 58.51 | 0.767 times |
| 01 Thu Feb 2024 | 60.44 | 58.92 | 60.49 | 58.59 | 1.019 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 57.9, but if it comes above 57.9, then a intra day buy could be more profitable.
If you take a sell trade below 57.9, then use 57.9 as stoploss and 56.9 as target. However if you take a buy trade in stock , then use 57.9 as stoploss and 58.72 as target.
Share price targets for Allete Inc (ALE)
| Target Type | Value |
| Downside Target | 49.29 |
| Downside Target | 53.10 |
| Downside Target | 54.76 |
| Downside Target | 56.28 |
| Upside Target | 58.59 |
| Upside Target | 59.43 |
| Upside Target | 59.90 |
| Upside Target | 60.49 |
| Upside Target | 60.80 |
| Upside Target | 62.16 |
| Upside Target | 63.69 |
Intraday share price targets for Allete Inc (ALE)
| Target Type | Value |
| Downside Intraday Target | 55.98 |
| Downside Intraday Target | 54.56 |
| Upside Intraday Target | 59.13 |
| Upside Intraday Target | 60.86 |
| Upside Intraday Target | 57.71 |
Weekly technical analysis of Allete Inc (ALE)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 14 Wed Feb 2024 | 57.41 | 58.30 | 59.43 | 56.28 | 0.678 times |
| 09 Fri Feb 2024 | 58.29 | 58.49 | 58.59 | 57.46 | 0.928 times |
| 02 Fri Feb 2024 | 59.08 | 58.97 | 60.49 | 58.51 | 1.128 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 |
Price has moved down 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 |
| 14 Wed Feb 2024 | 57.41 | 58.92 | 60.49 | 56.28 | 0.489 times |
| 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 |
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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Allete Inc ( (ALE) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Allete Inc ( (ALE) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.
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 and the sell signal is strong.
Allete Inc Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Allete Inc in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up 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 58.25 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Allete Inc ( (ALE) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Allete Inc ( (ALE) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.
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 and the sell signal is strong.
Allete Inc Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Allete Inc in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up 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 58.25 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.