Logo image of ALE

ALLETE INC (ALE) Stock Technical Analysis

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

65.61  -0.08 (-0.12%)

Technical Rating and Analysis

7

Taking everything into account, ALE scores 7 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ALE is showing a nice and steady performance.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that ALE is one of the better performing stocks in the market, outperforming 78% of all stocks.
ALE is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ALE is leading the market.
ALE is part of the Electric Utilities industry. There are 47 other stocks in this industry, ALE did better than 54% of them.
In the last month ALE has a been trading in a tight range between 65.28 and 65.99.

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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. Prices have been consolidating lately and the volatility has been reduced. 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 65.63, a Stop Loss order could be placed below this zone.

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Support and Resistance Analysis

62.67

66.84

2 important support areas can be observed.

  • A support zone ranging from 65.24 to 65.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 63.30 to 63.79. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

  • A resistance zone ranging from 65.63 to 66.18. 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
CRS78.36
Mansfield-0.24
10 Day High65.84
10 Day Low65.28
20 Day High65.99
20 Day Low65.28
52 Week High65.99
52 Week Low56.45
Performance
1 Week0.27%
2 Weeks-0.3%
1 Month0.02%
3 Month1.25%
6 Month3.37%
12 Month16.08%
2 Year7.35%
3 Year4.37%
5 Year-4.78%
10 Year19.78%
15 Year108.87%

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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)-0.03
RSI(14)53.84
LBB65.27
UBB65.98

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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
66.1965.270.92 (1.39%)25.00%
An entry @66.19. This is a Buy Stop order right above the resistance zone.An exit @65.27. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.92 points, which is 1.39%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.35%.

  • 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 (3/3/2025, 1:43:54 PM)

65.61

-0.08 (-0.12%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-0.12%
1 Week0.27%
2 Weeks-0.3%
1 Month0.02%
3 Month1.25%
6 Month3.37%
12 Month16.08%
2 Year7.35%
3 Year4.37%
5 Year-4.78%
10 Year19.78%
15 Year108.87%
Volatility
ATR(14)0.34
ATR(20)%0.46%
ATR Inc-15.77%
Range Today0
ADR(20)0.28
ADR(20)%0.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.36
Mansfield-0.24
10 Day High65.84
10 Day Low65.28
20 Day High65.99
20 Day Low65.28
52 Week High65.99
52 Week Low56.45
CS1 End65.63
CR1 Start65.73
Volume & EV
DER(3)-3.84%
DER(5)-2.05%
Volume1
Volume Incr-14.86%
Vol(5)284.70K
Vol(50)363.53K