(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 2024-02-15 View latest technical analysis
10 day averaged volume of Allete Inc is 307290
| Date | Daily Closing Price | Open | High | Low | Volume |
| 15 Thu Feb 2024 | 58.71 | 57.73 | 58.87 | 57.73 | 1.084 times |
| 14 Wed Feb 2024 | 57.41 | 56.63 | 57.49 | 56.28 | 1.191 times |
| 13 Tue Feb 2024 | 57.11 | 58.23 | 58.62 | 56.82 | 1.257 times |
| 12 Mon Feb 2024 | 59.13 | 58.30 | 59.43 | 58.12 | 0.837 times |
| 09 Fri Feb 2024 | 58.29 | 57.54 | 58.53 | 57.54 | 0.769 times |
| 08 Thu Feb 2024 | 57.75 | 58.01 | 58.06 | 57.46 | 1.953 times |
| 07 Wed Feb 2024 | 58.20 | 58.30 | 58.38 | 58.00 | 0.701 times |
| 06 Tue Feb 2024 | 58.21 | 57.78 | 58.39 | 57.75 | 0.578 times |
| 05 Mon Feb 2024 | 57.94 | 58.49 | 58.59 | 57.77 | 0.844 times |
| 02 Fri Feb 2024 | 59.08 | 59.81 | 60.02 | 58.51 | 0.802 times |
My analysis of stock is bearish for shortterm, and stock might move down till 57.9 or till 56.9. Use a stoploss of 58.72 and if the stock hits stoploss, then it can shoot up till 59.54
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 |
| Downside 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 | 56.85 |
| Downside Intraday Target | 54.99 |
| Upside Intraday Target | 60 |
| Upside Intraday Target | 61.29 |
| Downside Intraday Target | 58.14 |
Weekly technical analysis of Allete Inc (ALE)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 15 Thu Feb 2024 | 58.71 | 58.30 | 59.43 | 56.28 | 0.902 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 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 |
| 15 Thu Feb 2024 | 58.71 | 58.92 | 60.49 | 56.28 | 0.542 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
ADX buy sell signal for Allete Inc stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Allete Inc in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
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 58.07 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
ADX buy sell signal for Allete Inc stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Allete Inc in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
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 58.07 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.