ALLETE INC (ALE)
US0185223007 - Common Stock
Taking everything into account, ALE scores 6 out of 10 in our technical rating. 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 term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
ALE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ALE is lagging the market slightly.
When compared to the yearly performance of all other stocks, ALE outperforms 56% of them, which is more or less in line with the market.
ALE is an average performer in the Electric Utilities industry, it outperforms 52% of 47 stocks in the same industry.
In the last month ALE has a been trading in a tight range between 63.80 and 65.67.
ALE has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 64.29, a Stop Loss order could be placed below this zone.
More info and screens
61.63
66.20
When analyzing the support we can see 2 important areas.
- A support zone ranging from 63.79 to 64.29. 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 64.47 to 65.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.77
Mansfield-0.75
10 Day High65.67
10 Day Low63.8
20 Day High65.67
20 Day Low63.8
52 Week High65.86
52 Week Low54.71
Performance
1 Week-0.29%
2 Weeks-0.45%
1 Month0.02%
3 Month1.66%
6 Month2.27%
12 Month16.34%
2 Year-2.79%
3 Year9.76%
5 Year-19.67%
10 Year26.25%
15 Year92.43%
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)
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)-0.05
RSI(14)47.9
LBB63.93
UBB65.31
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 64.69 | 63.79 | 0.90 (1.39%) | 25.00% |
| An entry @64.69. This is a Buy Stop order right above the 10 day moving average. | An exit @63.79. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.90 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.
ALLETE INC
NYSE:ALE (11/21/2024, 8:11:47 PM)
After market: 64.35 0 (0%)64.35
-0.02 (-0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-0.03%
1 Week-0.29%
2 Weeks-0.45%
1 Month0.02%
3 Month1.66%
6 Month2.27%
12 Month16.34%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.49
ATR(20)%0.67%
ATR Inc
Range Today0.26
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High65.67
10 Day Low63.8
20 Day High65.67
20 Day Low63.8
52 Week High65.86
52 Week Low54.71
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume384.10K
Volume Incr7.2%
Vol(5)264.56K
Vol(50)255.21K