Free Daily Analysis

Stock Trend Analysis Report

Prepared for you on Tuesday, May 30, 2023.

Allete, Inc. (NYSE:ALE)

Crossroads (-60) - ALE is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

Open High Low ALE Price Change
60.07 60.36 59.46 60.27 +0.20
Entry Signal

MarketClub’s Trade Triangles for ALE

long term up The long-term trend has been UP since Nov 15th, 2022 at 63.81

intermediate term down The intermediate-term trend has been DOWN since Apr 26th, 2023 at 63.08

short term down The short-term trend has been DOWN since May 24th, 2023 at 61.51

Smart Scan Analysis for ALE

Based on our trend formula, ALE is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for ALE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
60.07 60.36 59.46 60.27 +0.20
Prev. Close Volume Bid Ask Time
60.26 88630 2023-05-26 15:59:57
Year High80.94Year High Date2018-11-20
Year Low66.64Year Low Date2018-02-06
52wk High67.4552wk High Date2022-12-01
52wk Low47.7752wk Low Date2022-10-13
Year End Close40.98Average Volume223,371
Shares Outstanding57,316Short Interest1,132,056
% Institutional72.4Market Cap4,500M
P/E Ratio18.9497Beta0.66
Get a free daily analysis and signals for Allete, Inc. (ALE) - Request Your Free Report.