(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 2024-04-22 View latest technical analysis
10 day averaged volume of Allete Inc is 240440
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Mon Apr 2024 | 59.96 | 59.57 | 60.21 | 59.25 | 0.728 times |
| 19 Fri Apr 2024 | 59.71 | 58.60 | 59.78 | 58.09 | 1.014 times |
| 18 Thu Apr 2024 | 58.49 | 58.11 | 58.87 | 57.85 | 1.104 times |
| 17 Wed Apr 2024 | 57.87 | 57.92 | 58.19 | 57.31 | 0.944 times |
| 16 Tue Apr 2024 | 57.40 | 57.47 | 57.77 | 56.66 | 0.752 times |
| 15 Mon Apr 2024 | 57.78 | 58.47 | 58.70 | 57.50 | 0.987 times |
| 12 Fri Apr 2024 | 58.33 | 58.84 | 59.28 | 58.31 | 1.03 times |
| 11 Thu Apr 2024 | 58.89 | 59.44 | 59.44 | 58.58 | 1.024 times |
| 10 Wed Apr 2024 | 58.85 | 59.61 | 59.61 | 58.47 | 1.166 times |
| 09 Tue Apr 2024 | 60.73 | 60.76 | 61.01 | 60.48 | 1.038 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 60 as stoploss in an intra day sell trade for a target of 59.06. However, stock will show a bullish move above 60.
Share price targets for Allete Inc (ALE)
| Target Type | Value |
| Downside Target | 55.04 |
| Downside Target | 59.76 |
| Downside Target | 59.78 |
| Upside Target | 60.21 |
| 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 | 59.4 |
| Downside Intraday Target | 58.85 |
| Upside Intraday Target | 60.36 |
| Upside Intraday Target | 60.77 |
| Downside Intraday Target | 59.81 |
Weekly technical analysis of Allete Inc (ALE)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 22 Mon Apr 2024 | 59.96 | 59.57 | 60.21 | 59.25 | 0.152 times |
| 19 Fri Apr 2024 | 59.71 | 58.47 | 59.78 | 56.66 | 0.923 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 |
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 |
| 22 Mon Apr 2024 | 59.96 | 59.80 | 61.01 | 56.66 | 0.715 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 up 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Allete Inc ( (ALE) ) based on a short to mid 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 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 BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for Allete Inc in short term and the buy 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. Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green 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 but buying is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 58.82 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 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Allete Inc ( (ALE) ) based on a short to mid 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 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 BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for Allete Inc in short term and the buy 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. Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green 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 but buying is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 58.82 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.