Technical Analysis for ALE - Allete, Inc.

Grade Last Price % Change Price Change
C 59.95 -1.93% -1.18
ALE closed up 5.54 percent on Friday, June 2, 2023, on 1.63 times normal volume. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Flat Down Down

Date Alert Name Type % Chg
New Downtrend Bearish -1.93%
Slingshot Bearish Bearish Swing Setup -1.93%
Bullish Engulfing Bullish -1.93%
Crossed Above 20 DMA Bullish -1.93%
Crossed Above 200 DMA Bullish -1.93%
Wide Range Bar Range Expansion -1.93%
Multiple of Ten Bullish Other -1.93%
Outside Day Range Expansion -1.93%
Lower Bollinger Band Touch Weakness -1.93%
Oversold Stochastic Weakness -1.93%

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Alert Time
200 DMA Support about 1 hour ago
60 Minute Opening Range Breakdown about 1 hour ago
Down 2 % about 1 hour ago
Down 1 ATR about 1 hour ago
10 DMA Support about 3 hours ago

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Allete, Inc. Description

ALLETE, Inc., together with its subsidiaries, primarily engages in the generation, transmission, and distribution of coal-fired, hydro, wind, and biomass co-fired power in the United States. The company operates in two segments, Regulated Operations, and Investments and Other. The Regulated Operations segment engages in the retail and wholesale of regulated electric, natural gas, and water services. It provides regulated utility electric services to approximately 143,000 residential and commercial customers and 16 municipalities in Minnesota, as well as 1 private utility in Wisconsin; and 15,000 electric customers, 12,000 natural gas customers, and 10,000 water customers in northwestern Wisconsin. This segment owns and operates 170 substations with a capacity of 11,322 megavolt amperes. The Investments and Other segment is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. It also provides seller financing; and develops or acquires projects that focuses on creating energy solutions via wind, solar, biomass, hydro, natural gas/liquids, shale resources, clean coal, and other clean energy innovations. In addition, this segment engages in the non-rate base generation; and holds approximately 6,100 acres of land in Minnesota. The company primarily serves taconite mining, iron concentrate, paper, pulp and wood products, and pipeline industries. ALLETE, Inc. was founded in 1906 and is headquartered in Duluth, Minnesota.


Sector: Utilities
Industry: Utilities - Regulated Electric
Keywords: Natural Gas Wood Products Clean Energy Biomass Energy Solutions Coal Mining Water Services Electric Services Natural Gas Customers Coal Mining Operations Taconite

Is ALE a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength


Indicator Value
52 Week High 65.9646
52 Week Low 46.7293
Average Volume 266,073
200-Day Moving Average 59.91
50-Day Moving Average 62.26
20-Day Moving Average 61.13
10-Day Moving Average 60.58
Average True Range 1.30
RSI (14) 49.49
ADX 25.03
+DI 16.24
-DI 28.57
Chandelier Exit (Long, 3 ATRs) 59.13
Chandelier Exit (Short, 3 ATRs) 61.54
Upper Bollinger Bands 63.24
Lower Bollinger Band 59.02
Percent B (%b) 0.5
BandWidth 6.91
MACD Line -0.68
MACD Signal Line -0.53
MACD Histogram -0.1505
Fundamentals Value
Market Cap 3.18 Billion
Num Shares 52 Million
EPS 3.41
Price-to-Earnings (P/E) Ratio 17.93
Price-to-Sales 2.60
Price-to-Book 1.32
PEG Ratio 4.71
Dividend 2.47
Dividend Yield 4.04%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 66.40
Resistance 3 (R3) 65.82 63.49 65.52
Resistance 2 (R2) 63.49 62.15 63.78 65.22
Resistance 1 (R1) 62.31 61.32 62.90 62.89 64.93
Pivot Point 59.98 59.98 60.28 60.27 59.98
Support 1 (S1) 58.80 58.64 59.39 59.38 57.33
Support 2 (S2) 56.47 57.81 56.76 57.04
Support 3 (S3) 55.29 56.47 56.74
Support 4 (S4) 55.87