Logo image of ALE

ALLETE INC (ALE) Stock Technical Analysis

NYSE:ALE - New York Stock Exchange, Inc. - US0185223007 - Common Stock - Currency: USD

65.55  -0.13 (-0.2%)

Technical Rating and Analysis

7

We assign a technical rating of 7 out of 10 to ALE. Although ALE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The long and short term trends are both positive. This is looking good!
ALE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When compared to the yearly performance of all other stocks, ALE outperforms 57% of them, which is more or less in line with the market.
ALE is an average performer in the Electric Utilities industry, it outperforms 55% of 46 stocks in the same industry.
In the last month ALE has a been trading in a tight range between 64.55 and 65.95.

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Weekly and Daily overview Charts
ALLETE INC / ALE Weekly stock chart
ALLETE INC / ALE Daily stock chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, ALE also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 65.73. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 65.61, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

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Support and Resistance Analysis

61.63

66.55

When analyzing the support we can see 2 important areas.

  • A support zone ranging from 63.30 to 65.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Strong support @62.25 from a horizontal line in the daily time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 65.61 to 65.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.85
Mansfield-0.45
10 Day High65.95
10 Day Low65.35
20 Day High65.95
20 Day Low64.55
52 Week High65.95
52 Week Low55.86
Performance
1 Week-0.03%
2 Weeks0.27%
1 Month1.62%
3 Month2.54%
6 Month1.59%
12 Month11.17%
2 Year6.18%
3 Year2.9%
5 Year-21.32%
10 Year15.94%
15 Year109.84%

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Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)

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Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.01
RSI(14)59.5
LBB65.15
UBB65.91

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Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
65.9065.340.56 (0.85%)25.00%
An entry @65.90. This is a Buy Stop order right above the resistance zone.An exit @65.34. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.56 points, which is 0.85%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.21%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.

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ALLETE INC / ALE Daily stock chart

ALLETE INC

NYSE:ALE (1/31/2025, 2:40:09 PM)

65.55

-0.13 (-0.2%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-0.2%
1 Week-0.03%
2 Weeks0.27%
1 Month1.62%
3 Month2.54%
6 Month1.59%
12 Month11.17%
2 Year6.18%
3 Year2.9%
5 Year-21.32%
10 Year15.94%
15 Year109.84%
Volatility
ATR(14)0.31
ATR(20)%0.51%
ATR Inc-13.84%
Range Today0.29
ADR(20)0.33
ADR(20)%0.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.85
Mansfield-0.45
10 Day High65.95
10 Day Low65.35
20 Day High65.95
20 Day Low64.55
52 Week High65.95
52 Week Low55.86
CS1 End65.61
CR1 Start65.73
Volume & EV
DER(3)1%
DER(5)0.98%
Volume219.40K
Volume Incr-5.17%
Vol(5)365.58K
Vol(50)358.14K