(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 2024-08-23 View latest technical analysis
10 day averaged volume of Allete Inc is 325080
| Date | Daily Closing Price | Open | High | Low | Volume |
| 23 Fri Aug 2024 | 63.30 | 63.29 | 63.62 | 63.25 | 0.577 times |
| 22 Thu Aug 2024 | 63.33 | 63.44 | 63.55 | 63.27 | 0.617 times |
| 21 Wed Aug 2024 | 63.30 | 63.55 | 63.55 | 63.20 | 2.423 times |
| 20 Tue Aug 2024 | 63.29 | 63.45 | 63.60 | 63.25 | 1.334 times |
| 19 Mon Aug 2024 | 63.42 | 63.60 | 63.68 | 63.37 | 0.683 times |
| 16 Fri Aug 2024 | 63.48 | 63.70 | 63.78 | 63.39 | 1.169 times |
| 15 Thu Aug 2024 | 63.68 | 64.00 | 64.00 | 63.49 | 1.1 times |
| 14 Wed Aug 2024 | 64.26 | 64.32 | 64.49 | 64.21 | 0.437 times |
| 13 Tue Aug 2024 | 64.32 | 64.47 | 64.49 | 64.17 | 0.858 times |
| 12 Mon Aug 2024 | 64.28 | 64.34 | 64.34 | 64.01 | 0.589 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 63.5, but if it comes above 63.5, then a intra day buy could be more profitable.
If you take a sell trade below 63.5, then use 63.5 as stoploss and 62.9 as target. However if you take a buy trade in stock , then use 63.5 as stoploss and 63.95 as target.
Share price targets for Allete Inc (ALE)
| Target Type | Value |
| Downside Target | 56.66 |
| Downside Target | 59.15 |
| Downside Target | 61.01 |
| Upside Target | 63.74 |
| Upside Target | 64.49 |
| Upside Target | 64.50 |
| Upside Target | 64.69 |
| Upside Target | 64.79 |
| Upside Target | 64.90 |
| Upside Target | 65.86 |
Intraday share price targets for Allete Inc (ALE)
| Target Type | Value |
| Downside Intraday Target | 63.11 |
| Downside Intraday Target | 62.91 |
| Upside Intraday Target | 63.59 |
| Upside Intraday Target | 63.87 |
| Upside Intraday Target | 63.39 |
Weekly technical analysis of Allete Inc (ALE)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 23 Fri Aug 2024 | 63.30 | 63.60 | 63.68 | 63.20 | 1.356 times |
| 16 Fri Aug 2024 | 63.48 | 64.34 | 64.49 | 63.39 | 0.689 times |
| 09 Fri Aug 2024 | 64.10 | 64.08 | 64.50 | 63.61 | 1.162 times |
| 02 Fri Aug 2024 | 64.65 | 64.68 | 64.79 | 63.74 | 0.779 times |
| 26 Fri Jul 2024 | 64.56 | 63.72 | 64.90 | 63.62 | 0.88 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 |
| 23 Fri Aug 2024 | 63.30 | 64.50 | 64.69 | 63.20 | 0.641 times |
| 31 Wed Jul 2024 | 64.50 | 62.57 | 64.90 | 61.51 | 1.052 times |
| 28 Fri Jun 2024 | 62.35 | 63.21 | 63.68 | 62.24 | 0.546 times |
| 31 Fri May 2024 | 63.15 | 59.36 | 65.86 | 59.15 | 3.084 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 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 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 coming down
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 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 63.56 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 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 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 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 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 coming down
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 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 63.56 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.