(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 2024-04-17 View latest technical analysis
10 day averaged volume of Allete Inc is 263040
Date | Daily Closing Price | Open | High | Low | Volume |
17 Wed Apr 2024 | 57.87 | 57.92 | 58.19 | 57.31 | 0.863 times |
16 Tue Apr 2024 | 57.40 | 57.47 | 57.77 | 56.66 | 0.687 times |
15 Mon Apr 2024 | 57.78 | 58.47 | 58.70 | 57.50 | 0.903 times |
12 Fri Apr 2024 | 58.33 | 58.84 | 59.28 | 58.31 | 0.942 times |
11 Thu Apr 2024 | 58.89 | 59.44 | 59.44 | 58.58 | 0.936 times |
10 Wed Apr 2024 | 58.85 | 59.61 | 59.61 | 58.47 | 1.066 times |
09 Tue Apr 2024 | 60.73 | 60.76 | 61.01 | 60.48 | 0.949 times |
08 Mon Apr 2024 | 60.46 | 59.54 | 60.47 | 59.49 | 0.861 times |
05 Fri Apr 2024 | 59.31 | 59.03 | 59.55 | 58.63 | 1.598 times |
04 Thu Apr 2024 | 59.40 | 60.25 | 60.25 | 59.17 | 1.028 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 58, but if it comes above 58, then a intra day buy could be more profitable.
If you take a sell trade below 58, then use 58 as stoploss and 56.9 as target. However if you take a buy trade in stock , then use 58 as stoploss and 58.9 as target.
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 | 56.79 |
Downside Intraday Target | 55.7 |
Upside Intraday Target | 58.83 |
Upside Intraday Target | 59.78 |
Downside Intraday Target | 57.74 |
Weekly technical analysis of Allete Inc (ALE)
Date | Weekly Closing Price | Open | High | Low | Volume |
17 Wed Apr 2024 | 57.87 | 58.47 | 58.70 | 56.66 | 0.516 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 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 |
17 Wed Apr 2024 | 57.87 | 59.80 | 61.01 | 56.66 | 0.596 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 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 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 mid to longer 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.
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 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 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 but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying might be slowing down
Stock of Allete Inc is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 58.97 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 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 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 mid to longer 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.
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 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 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 but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying might be slowing down
Stock of Allete Inc is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 58.97 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.