Technical Analysis for ALE - Allete, Inc.

Grade Last Price % Change Price Change
B 70.41 0.50% 0.35
ALE closed up 0.5 percent on Friday, May 14, 2021, on 56 percent of normal volume.

Trend Table & Recent EOD Signals

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

Date Alert Name Type % Chg
Crossed Above 20 DMA Bullish 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Multiple of Ten Bullish Other 0.00%
20 DMA Resistance Bearish 0.50%
Crossed Above 50 DMA Bullish 0.50%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.50%
Bollinger Band Squeeze Range Contraction 0.50%
Multiple of Ten Bullish Other 0.50%
BB Squeeze + Lower Band Touch Range Contraction 0.50%
Lower Bollinger Band Touch Weakness 0.50%
Older End-of-Day Signals for ALE ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
20 DMA Resistance about 14 hours ago
10 DMA Resistance about 15 hours ago
Rose Above 20 DMA about 15 hours ago
20 DMA Support about 15 hours ago
Non-ADX 1,2,3,4 Pullback Entry about 15 hours ago
View Earlier Intraday Alerts

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Profile

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.


Classification

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

Indicators

Indicator Value
52 Week High 72.6
52 Week Low 49.91
Average Volume 275,272
200-Day Moving Average 60.99
50-Day Moving Average 69.19
20-Day Moving Average 70.33
10-Day Moving Average 70.45
Average True Range 1.38
ADX 16.09
+DI 23.23
-DI 26.68
Chandelier Exit (Long, 3 ATRs ) 67.95
Chandelier Exit (Short, 3 ATRs ) 72.50
Upper Bollinger Band 71.82
Lower Bollinger Band 68.85
Percent B (%b) 0.53
BandWidth 4.22
MACD Line 0.35
MACD Signal Line 0.49
MACD Histogram -0.1476
Fundamentals Value
Market Cap 3.66 Billion
Num Shares 52 Million
EPS 3.41
Price-to-Earnings (P/E) Ratio 20.65
Price-to-Sales 2.60
Price-to-Book 1.32
PEG Ratio 4.71
Dividend 2.47
Dividend Yield 3.51%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 72.11
Resistance 3 (R3) 72.11 71.55 71.82
Resistance 2 (R2) 71.55 71.12 71.55 71.73
Resistance 1 (R1) 70.98 70.85 70.70 70.98 71.63
Pivot Point 70.42 70.42 70.28 70.42 70.42
Support 1 (S1) 69.85 69.99 69.57 69.85 69.19
Support 2 (S2) 69.29 69.72 69.29 69.09
Support 3 (S3) 68.72 69.29 69.00
Support 4 (S4) 68.72