Free Daily Analysis

Stock Trend Analysis Report

Prepared for you on Monday, April 15, 2024.

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.

NYSE_ALE
Open High Low ALE Price Change
58.470 58.700 57.500 57.845 -0.485
Entry Signal

MarketClub’s Trade Triangles for ALE

long term up The long-term trend has been UP since Dec 5th, 2023 at 57.40

intermediate term down The intermediate-term trend has been DOWN since Apr 15th, 2024 at 57.58

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 58.63

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).

-60
Smart Scan Analysis for ALE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
58.470 58.700 57.500 57.845 -0.485
Prev. Close Volume Bid Ask Time
58.330 157644 2024-04-15 15:59:33
Year High80.94Year High Date2018-11-20
Year Low66.64Year Low Date2018-02-06
52wk High65.152wk High Date2023-04-21
52wk Low49.2952wk Low Date2023-10-03
Year End Close40.98Average Volume302,615
Shares Outstanding57,477Short Interest1,132,056
% Institutional72.4Market Cap4,500M
Assets665,640,000MLiabilities384,680,000M
P/E Ratio13.5651Beta0.66
Volatility18.32
Get a free daily analysis and signals for Allete, Inc. (ALE) - Request Your Free Report.