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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.
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MarketClub’s Trade Triangles for ALE
The long-term trend has been UP since Nov 15th, 2022 at 63.81
The intermediate-term trend has been DOWN since Apr 26th, 2023 at 63.08
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).
| 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 High | 80.94 | Year High Date | 2018-11-20 |
| Year Low | 66.64 | Year Low Date | 2018-02-06 |
| 52wk High | 67.45 | 52wk High Date | 2022-12-01 |
| 52wk Low | 47.77 | 52wk Low Date | 2022-10-13 |
| Year End Close | 40.98 | Average Volume | 223,371 |
| Shares Outstanding | 57,316 | Short Interest | 1,132,056 |
| % Institutional | 72.4 | Market Cap | 4,500M |
| Assets | 670,450,000M | Liabilities | 398,900,000M |
| P/E Ratio | 18.9497 | Beta | 0.66 |
| Volatility | 18.32 |