Technical Analysis for ALE - Allete, Inc.

Grade Last Price % Change Price Change
C 61.93 0.42% 0.26
ALE closed up 0.42 percent on Wednesday, July 3, 2024, on 43 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Flat Down

Date Alert Name Type % Chg
Stochastic Buy Signal Bullish 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Inside Day Range Contraction 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Fell Below 50 DMA Bearish 0.42%
MACD Bearish Centerline Cross Bearish 0.42%
Lower Bollinger Band Walk Weakness 0.42%
BB Squeeze Ended Range Expansion 0.42%
Below Lower BB Weakness 0.42%

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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 Clean Energy Wood Products Biomass Energy Solutions Coal Mining Water Services Electric Services Natural Gas Customers 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 65.1288
52 Week Low 47.5311
Average Volume 564,624
200-Day Moving Average 57.64
50-Day Moving Average 62.18
20-Day Moving Average 62.73
10-Day Moving Average 62.42
Average True Range 0.55
RSI (14) 41.86
ADX 22.67
+DI 15.76
-DI 23.33
Chandelier Exit (Long, 3 ATRs) 62.04
Chandelier Exit (Short, 3 ATRs) 63.15
Upper Bollinger Bands 63.59
Lower Bollinger Band 61.87
Percent B (%b) 0.04
BandWidth 2.74
MACD Line -0.07
MACD Signal Line 0.13
MACD Histogram -0.1918
Fundamentals Value
Market Cap 3.56 Billion
Num Shares 57.5 Million
EPS 4.31
Price-to-Earnings (P/E) Ratio 14.37
Price-to-Sales 1.76
Price-to-Book 1.20
PEG Ratio 2.21
Dividend 2.68
Dividend Yield 4.33%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 62.59
Resistance 3 (R3) 62.54 62.26 62.48
Resistance 2 (R2) 62.26 62.10 62.29 62.44
Resistance 1 (R1) 62.10 61.99 62.18 62.15 62.41
Pivot Point 61.82 61.82 61.87 61.85 61.82
Support 1 (S1) 61.66 61.66 61.74 61.71 61.45
Support 2 (S2) 61.38 61.55 61.41 61.42
Support 3 (S3) 61.22 61.38 61.38
Support 4 (S4) 61.27