Technical Analysis for ALE - Allete, Inc.

Grade Last Price % Change Price Change
B 61.35 -0.62% -0.38
ALE closed down 0.62 percent on Friday, December 8, 2023, on approximately normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Calm After Storm Range Contraction 0.00%
Upper Bollinger Band Walk Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Pocket Pivot Bullish Swing Setup -0.62%
Calm After Storm Range Contraction -0.62%
Upper Bollinger Band Walk Strength -0.62%
Inside Day Range Contraction -0.62%
Above Upper BB Strength -0.62%
Overbought Stochastic Strength -0.62%

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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 Clean Energy Wood Products 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 64.3627
52 Week Low 48.6655
Average Volume 365,512
200-Day Moving Average 57.14
50-Day Moving Average 54.30
20-Day Moving Average 56.46
10-Day Moving Average 57.95
Average True Range 1.27
RSI (14) 76.47
ADX 32.23
+DI 43.55
-DI 8.23
Chandelier Exit (Long, 3 ATRs) 58.24
Chandelier Exit (Short, 3 ATRs) 56.28
Upper Bollinger Bands 61.64
Lower Bollinger Band 51.29
Percent B (%b) 0.97
BandWidth 18.33
MACD Line 1.76
MACD Signal Line 1.09
MACD Histogram 0.6643
Fundamentals Value
Market Cap 3.19 Billion
Num Shares 52 Million
EPS 3.41
Price-to-Earnings (P/E) Ratio 17.99
Price-to-Sales 2.60
Price-to-Book 1.32
PEG Ratio 4.71
Dividend 2.47
Dividend Yield 4.03%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 62.75
Resistance 3 (R3) 62.80 62.38 62.51
Resistance 2 (R2) 62.38 62.03 62.36 62.43
Resistance 1 (R1) 61.87 61.81 61.66 61.82 62.36
Pivot Point 61.45 61.45 61.35 61.43 61.45
Support 1 (S1) 60.94 61.10 60.73 60.89 60.34
Support 2 (S2) 60.52 60.88 60.50 60.27
Support 3 (S3) 60.01 60.52 60.19
Support 4 (S4) 59.96