(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 2024-05-28 View latest technical analysis
10 day averaged volume of Allete Inc is 457066
| Date | Daily Closing Price | Open | High | Low | Volume |
| 28 Tue May 2024 | 62.42 | 62.82 | 62.90 | 62.42 | 1.001 times |
| 24 Fri May 2024 | 62.92 | 62.82 | 62.95 | 62.70 | 0.492 times |
| 23 Thu May 2024 | 62.57 | 62.82 | 62.82 | 62.33 | 1.475 times |
| 22 Wed May 2024 | 62.97 | 63.48 | 63.51 | 62.81 | 1.24 times |
| 21 Tue May 2024 | 63.51 | 63.60 | 63.85 | 63.47 | 0.413 times |
| 20 Mon May 2024 | 63.65 | 62.80 | 63.71 | 62.80 | 0.763 times |
| 17 Fri May 2024 | 62.80 | 63.11 | 63.14 | 62.70 | 1.484 times |
| 16 Thu May 2024 | 62.99 | 63.05 | 63.30 | 62.88 | 1.509 times |
| 15 Wed May 2024 | 63.15 | 63.33 | 63.44 | 62.93 | 0.986 times |
| 14 Tue May 2024 | 62.93 | 63.31 | 63.41 | 62.81 | 0.768 times |
My analysis of stock is bearish for shortterm, and stock might move down till 61.5 or till 60.1. Use a stoploss of 62.65 and if the stock hits stoploss, then it can shoot up till 63.81
Share price targets for Allete Inc (ALE)
| Target Type | Value |
| Downside Target | 55.86 |
| Downside Target | 59.00 |
| Downside Target | 62.33 |
| Upside Target | 62.70 |
| Upside Target | 62.90 |
| Upside Target | 63.69 |
| Upside Target | 63.80 |
| Upside Target | 63.85 |
| Upside Target | 64.94 |
| Upside Target | 65.86 |
Intraday share price targets for Allete Inc (ALE)
| Target Type | Value |
| Downside Intraday Target | 62.26 |
| Downside Intraday Target | 62.1 |
| Upside Intraday Target | 62.74 |
| Upside Intraday Target | 63.06 |
| Upside Intraday Target | 62.58 |
Weekly technical analysis of Allete Inc (ALE)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 28 Tue May 2024 | 62.42 | 62.82 | 62.90 | 62.42 | 0.228 times |
| 24 Fri May 2024 | 62.92 | 62.80 | 63.85 | 62.33 | 0.78 times |
| 17 Fri May 2024 | 62.80 | 63.25 | 63.80 | 62.70 | 0.31 times |
| 10 Fri May 2024 | 63.20 | 64.50 | 64.94 | 62.52 | 3.513 times |
| 03 Fri May 2024 | 64.27 | 59.33 | 65.86 | 59.00 | 2.304 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 |
| 28 Tue May 2024 | 62.42 | 59.36 | 65.86 | 59.15 | 2.812 times |
| 30 Tue Apr 2024 | 59.22 | 59.80 | 61.01 | 56.66 | 0.943 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 |
Scroll below to view daily charts
Price has moved up this month, and volume has increased substantially. This means that the move can 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 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 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 losing momentum.
MACD generated a SELL signal for Allete Inc in short term but the sell signal is initial and weak.
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 green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Allete Inc in short term and SELL signal is strong!
RSI is generating a BUY signal in short term but buying is losing 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 62.92 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 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 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 losing momentum.
MACD generated a SELL signal for Allete Inc in short term but the sell signal is initial and weak.
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 green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Allete Inc in short term and SELL signal is strong!
RSI is generating a BUY signal in short term but buying is losing 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 62.92 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.