(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 2024-04-18 View latest technical analysis
10 day averaged volume of Allete Inc is 258590
| Date | Daily Closing Price | Open | High | Low | Volume |
| 18 Thu Apr 2024 | 58.49 | 58.11 | 58.87 | 57.85 | 1.026 times |
| 17 Wed Apr 2024 | 57.87 | 57.92 | 58.19 | 57.31 | 0.877 times |
| 16 Tue Apr 2024 | 57.40 | 57.47 | 57.77 | 56.66 | 0.699 times |
| 15 Mon Apr 2024 | 57.78 | 58.47 | 58.70 | 57.50 | 0.918 times |
| 12 Fri Apr 2024 | 58.33 | 58.84 | 59.28 | 58.31 | 0.958 times |
| 11 Thu Apr 2024 | 58.89 | 59.44 | 59.44 | 58.58 | 0.952 times |
| 10 Wed Apr 2024 | 58.85 | 59.61 | 59.61 | 58.47 | 1.084 times |
| 09 Tue Apr 2024 | 60.73 | 60.76 | 61.01 | 60.48 | 0.965 times |
| 08 Mon Apr 2024 | 60.46 | 59.54 | 60.47 | 59.49 | 0.876 times |
| 05 Fri Apr 2024 | 59.31 | 59.03 | 59.55 | 58.63 | 1.625 times |
My analysis of stock is bearish for shortterm, and stock might move down till 58 or till 56.9. Use a stoploss of 58.93 and if the stock hits stoploss, then it can shoot up till 59.84
Share price targets for Allete Inc (ALE)
| Target Type | Value |
| Downside Target | 55.04 |
| Upside Target | 59.24 |
| Upside Target | 59.76 |
| Upside Target | 60.25 |
| Upside Target | 60.49 |
| Upside Target | 61.01 |
| Upside Target | 62.16 |
| Upside Target | 63.69 |
Intraday share price targets for Allete Inc (ALE)
| Target Type | Value |
| Downside Intraday Target | 57.14 |
| Downside Intraday Target | 55.8 |
| Upside Intraday Target | 59.35 |
| Upside Intraday Target | 60.22 |
| Downside Intraday Target | 58.01 |
Weekly technical analysis of Allete Inc (ALE)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 18 Thu Apr 2024 | 58.49 | 58.47 | 58.87 | 56.66 | 0.728 times |
| 12 Fri Apr 2024 | 58.33 | 59.54 | 61.01 | 58.31 | 0.824 times |
| 05 Fri Apr 2024 | 59.31 | 59.80 | 60.25 | 58.62 | 1.415 times |
| 28 Thu Mar 2024 | 59.64 | 58.50 | 59.76 | 57.55 | 0.783 times |
| 22 Fri Mar 2024 | 58.53 | 58.12 | 59.24 | 57.46 | 0.711 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 |
| 18 Thu Apr 2024 | 58.49 | 59.80 | 61.01 | 56.66 | 0.642 times |
| 28 Thu Mar 2024 | 59.64 | 56.56 | 59.76 | 55.86 | 0.935 times |
| 29 Thu Feb 2024 | 56.64 | 58.92 | 60.49 | 55.91 | 0.975 times |
| 31 Wed Jan 2024 | 59.11 | 60.71 | 63.69 | 57.67 | 0.552 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 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 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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.
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 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 but BUY signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining 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 58.88 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 positive
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 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 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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.
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 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 but BUY signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining 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 58.88 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.