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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Allete, Inc. (NYSE:ALE)
Bull Market Weakness (+75) - ALE is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ALE as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ALE?
MarketClub looks at technical strength and momentum to determine if the timing is right for ALE.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ALE
The long-term trend has been UP since Dec 5th, 2023 at 57.40
The intermediate-term trend has been UP since May 1st, 2024 at 61.01
The short-term trend has been DOWN since May 9th, 2024 at 62.53
Smart Scan Analysis for ALE
Based on our trend formula, ALE is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 62.76 | 63.30 | 62.52 | 62.75 | -0.01 |
| Prev. Close | Volume | Bid | Ask | Time |
| 62.76 | 870835 | 2024-05-09 14:49:29 |
| Year High | 80.94 | Year High Date | 2018-11-20 |
| Year Low | 66.64 | Year Low Date | 2018-02-06 |
| 52wk High | 65.86 | 52wk High Date | 2024-05-03 |
| 52wk Low | 49.29 | 52wk Low Date | 2023-10-03 |
| Year End Close | 40.98 | Average Volume | 567,940 |
| Shares Outstanding | 57,477 | Short Interest | 1,132,056 |
| % Institutional | 72.4 | Market Cap | 4,500M |
| Assets | 665,640,000M | Liabilities | 384,680,000M |
| P/E Ratio | 14.5953 | Beta | 0.66 |
| Volatility | 18.32 |