ALLETE INC stock forecast: up to 59.36 USD ALE stock price prognosis

STOCK

Forecast for Thu 23 May 2024 price 60.44

ALLETE INC stock price forecast for further price development up to 1.44% (time horizon: 1 day) and price target of 59.36 USD. Short-term (time horizon: 2 weeks) ALLETE INC share price prediction for 2024-05-23 with daily closed price projections

Key Facts

Symbol ALE 

ISIN US0185223007 

CUSIP 018522300


Currency USD


Category Electric & Other Services Combined

Forecast price change %

Relative Strength Index (RSI)

Finance numbers

Revenue 1,196,700,000.0


Earnings per share 3.06


Dividends 2.50

On our site we made daily predictions for finance products based on statistical analysis. You can export / download forecasted data as CSV file, no login required. The information can be used for day trading.

Summerized Form 10-K with GPT-2

Management's Discussion and Analysis of Financial Condition and Results of Operations. Minnesota Power also has 15 non-affiliated municipal customers in Minnesota. In addition, Verso Corporation indefinitely idled its paper mill in Duluth, Minnesota. ( Steel is also a critical component of the clean energy transformation underway today. No notice of contract cancellation has been given by either party. d)In June 2020, Verso Corporation indefinitely idled its paper mill in Duluth, Minnesota. Commitments, Guarantees and Contingencies.)Minnkota Power PSA. WPPI Energy owns 20 percent of Boswell Unit 4. ( See Electric Sales / Customers – Minnkota Power PSA.)(h)See Item 1. Our PPAs are detailed in Note 8. North Dakota Public Service Commission. Minnesota Power has exceeded the interim milestone requirements to date. In both states, however, electricity may compete with other forms of energy. Laws require that the reclaimed land be at least as productive as it was prior to mining. We account for our investment in Nobles 2 under the equity method of accounting. The success of our business is fundamentally connected to the well-being of our people. These all have the potential to adversely affect our business and operations. ALLETE Clean Energy is party to PSAs which expire in various years between 2022 and 2039.

Summerized Form 10-K with GPT-2 https://www.sec.gov/Archives/edgar/data/66756/000006675621000025/0000066756-21-000025.txt
Candlestick patterns

Candlestick patterns can be used as additional information for price prediction. Following list show which pattern applies on latest price information.

  • Meta analyst score 60.76/100
    • Not in ideal financial position.
    • Historical view, profit is growing.
    • Company revenue is not growing faster compared with the industry.
    • Stock price is under book price value.

Institutional ownership list is based on filling form information

Holding name Date Amount
A - BARCLAYS PLC 2023-06-30 43377
JOHN G ULLMAN & ASSOCIATES INC 2023-06-30 7400
VOYA INVESTMENT MANAGEMENT LLC 2022-09-30 88452
Penn Capital Management Company, LLC 2022-09-30 11253
TIAA, FSB 2022-12-31 3814

Fund ownership list is based on filling form information

Fund name Date Amount Profile
Pacer Funds Trust 2023-07-31 10018 Long
Delaware Group Equity Funds V 2023-11-30 438900 Long
Voya Equity Trust 2023-11-30 6115 Long
Voya Equity Trust 2023-11-30 10582 Long
Voya Equity Trust 2023-11-30 16772 Long


Bollinger Bollinger Bands for ALLETE INC can provide the information where the market is moving based on price information.


ALLETE INC Short Volume Ratio is shown in the diagram. Short volume sales can be seen as an investor sentiment.



Converting prices to returns ALLETE INC.


On-Balance Volume information for ALLETE INC. On-Balance Volume information can be an indicator for bullish or bearish outcome.



Accumulation / Distribution (A/D) indicator information for ALLETE INC. The indicator identify divergences between price and volume flow.


Aroon Oscillator information for ALLETE INC. The trend-following indicator can show the strengh of a current trend and likelihood that trend can continue.


Average Directional Index (ADX) information for ALLETE INC. The index can be used to identify the strengh of a trend.


Moving Average Convergence Divergence (MACD) for ALLETE INC. The indicator helps to predict trend direction and the momentum of the trend.


Stochastic Oscillator as momentum indicator for ALLETE INC. The indicator is useful for identifying overbought and oversold levels.


Relative Strength Index (RSI) for ALLETE INC. RSI is a momentum oscillator that measures the speed and change of price development. The momentum indicator was created by analyst Welles Wilder. The result compares recent gains and losses over restricted time period. Primary usage of the indicator is to identify overbought or oversold signals. When RSI indicator reaches a value of 70 it could mean that speculators should consider selling, suggests Wilder and Chong. Or vice versa when selling excess at which the RSI Indicators show a value of 30 [ Relative Strength Index for Developing Effective Trading Strategies in Constructing Optimal Portfolio ].


Heikin Ashi trading signals are generated based on the Heikin Ashi candles, which are a type of candlestick that smooths out the price action and can help to identify trends. Heikin Ashi signals can be used to identify both long and short trading opportunities.


The awesome oscillator is a momentum indicator that measures the speed and strength of price movements. It is calculated by subtracting a 34-period simple moving average (SMA) from a 5-period SMA.


The Parabolic SAR indicator is a trend-following indicator that uses a series of dots to indicate when a trend is likely to reverse. The Parabolic SAR is a lagging indicator, meaning that it does not predict reversals, but rather confirms them after they have already occurred.


Moving Average Crossover


52W High 52W Low Market Cap

Similar shares


ALLETE INC on Nasdaq

ALLETE INC on finviz

Figure below show the stock predictions.
Date Closing price Prediction was updated
2024-04-11 59.36 2024-03-28 06:17
2024-04-12 59.45 2024-03-28 06:17
2024-05-23 60.44 2024-03-28 06:17
2024-05-20 60.36 2024-03-28 06:17
2024-05-21 60.39 2024-03-28 06:17
2024-05-22 60.41 2024-03-28 06:17
2024-04-03 59.06 2024-03-28 06:17
2024-05-13 60.22 2024-03-28 06:17
2024-04-18 59.59 2024-03-28 06:17
2024-04-22 59.71 2024-03-28 06:17
2024-04-23 59.76 2024-03-28 06:17
2024-05-14 60.25 2024-03-28 06:17
2024-05-15 60.28 2024-03-28 06:17
2024-05-16 60.31 2024-03-28 06:17
2024-05-17 60.34 2024-03-28 06:17
2024-04-01 58.97 2024-03-28 06:17
2024-04-02 59.03 2024-03-28 06:17
2024-04-10 59.30 2024-03-28 06:17
2024-04-16 59.48 2024-03-28 06:17
2024-04-24 59.78 2024-03-28 06:17
2024-04-26 59.86 2024-03-28 06:17
2024-05-08 60.13 2024-03-28 06:17
2024-05-09 60.16 2024-03-28 06:17
2024-05-10 60.19 2024-03-28 06:17
2024-04-04 59.15 2024-03-28 06:17
2024-04-05 59.13 2024-03-28 06:17
2024-05-03 60.04 2024-03-28 06:17
2024-04-17 59.50 2024-03-28 06:17
2024-04-19 59.66 2024-03-28 06:17
2024-04-25 59.83 2024-03-28 06:17
2024-05-01 59.96 2024-03-28 06:17
2024-05-02 60.00 2024-03-28 06:17
2024-04-08 59.27 2024-03-28 06:17
2024-04-09 59.17 2024-03-28 06:17
2024-04-15 59.47 2024-03-28 06:17
2024-05-06 60.07 2024-03-28 06:17
2024-05-07 60.10 2024-03-28 06:17
2024-04-29 59.90 2024-03-28 06:17
2024-04-30 59.92 2024-03-28 06:17

The forecast (dashed curve) of the share price performance is based on historical data. Our forecast model is based on mathematical, statistical methods. The website offers price forecasts and analysis tools for equities and other securities, which are exclusively based on the prices of these securities in the past. Information about these prices is provided to us by third parties. Although we believe, If we believe that our sources are reliable, we cannot guarantee the accuracy, completeness, timeliness and correct sequencing of this information. We do not investigate the issuers of the securities to which our forecasts relate, nor do we consider any financial data or other data of such issuers with the exception of the past prices of the securities. Therefore, our forecasts do not constitute an analysis of other commercial or financial factors or circumstances, that may be relevant for future security price flows. Investments require additional considerations. Our forecasts cannot reflect the specific situation. Experience and risk profile of an individual investor or the tax implications an investment may have for the investor. Although we believe that our mathematical models are a tool to try to explore the possibility for future price development with the help of past performance, such developments are subject to a multitude of different influences. and therefore not really predictable. We cannot guarantee the success of any investment you make based on the information published here. This website is for information purposes only. All information and data on this website cannot be guaranteed to be accurate, accuracy, completeness and appropriateness - neither explicit nor implicit.