Technical Analysis for ALE - Allete, Inc.

Grade Last Price % Change Price Change
grade D 55.76 -0.91% -0.51
ALE closed down 0.32 percent on Wednesday, July 8, 2020, on approximately normal volume. It was able to find support at its 50 day moving average.
Earnings due: Jul 30
*** please verify all earnings dates ***

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Up
Historical ALE trend table...

Date Alert Name Type % Chg
20 DMA Support Bullish -0.91%
50 DMA Support Bullish -0.91%
Crossed Above 20 DMA Bullish -1.22%
Crossed Above 50 DMA Bullish -1.22%
MACD Bullish Signal Line Cross Bullish -1.22%
180 Bullish Setup Bullish Swing Setup -1.22%
Pocket Pivot Bullish Swing Setup -1.22%
Inside Day Range Contraction -1.22%
20 DMA Resistance Bearish 0.43%
50 DMA Resistance Bearish 0.43%

Get a Trading Sidekick!

Let us help you stay on top of your investments. We will alert you to important technical developments on your portfolio & watchlist.

Profile

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.
Energy Natural Gas Wood Products Energy Solutions Natural Gas Customers Duke Energy Water Services Coal Mining Operations

Is ALE a Buy, Sell or Hold?

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

Indicators

Indicator Value
52 Week High 88.6
52 Week Low 48.22
Average Volume 430,292
200-Day Moving Average 71.81
50-Day Moving Average 56.23
20-Day Moving Average 55.89
10-Day Moving Average 54.81
Average True Range 2.09
ADX 13.37
+DI 23.43
-DI 21.01
Chandelier Exit (Long, 3 ATRs ) 58.09
Chandelier Exit (Short, 3 ATRs ) 57.87
Upper Bollinger Band 60.13
Lower Bollinger Band 51.65
Percent B (%b) 0.54
BandWidth 15.16
MACD Line -0.50
MACD Signal Line -0.65
MACD Histogram 0.1576
Fundamentals Value
Market Cap 2.87 Billion
Num Shares 50.9 Million
EPS 3.40
Price-to-Earnings (P/E) Ratio 16.55
Price-to-Sales 2.86
Price-to-Book 2.00
PEG Ratio 4.70
Dividend 2.14
Dividend Yield 3.80%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 58.39
Resistance 3 (R3) 58.27 57.46 58.03
Resistance 2 (R2) 57.46 56.92 57.51 57.91
Resistance 1 (R1) 56.86 56.59 57.16 56.98 57.80
Pivot Point 56.05 56.05 56.20 56.10 56.05
Support 1 (S1) 55.45 55.51 55.75 55.57 54.74
Support 2 (S2) 54.64 55.18 54.69 54.63
Support 3 (S3) 54.04 54.64 54.51
Support 4 (S4) 54.16