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ALE
Stock ticker:
NYSE
AS OF
Jul 1 closing price
Price
$60.40
Change
+$1.63 (+2.77%)
Capitalization
3.35B

ALE Price Prediction, ALLETE AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
AI
A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Jul 01, 2022

ALE's RSI Indicator recovers from oversold territory

The RSI Oscillator for ALE moved out of oversold territory on June 17, 2022. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 20 similar instances when the indicator left oversold territory. In 12 of the 20 cases the stock moved higher. This puts the odds of a move higher at 60%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 28, 2022. You may want to consider a long position or call options on ALE as a result. In of 102 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for ALE just turned positive on June 28, 2022. Looking at past instances where ALE's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

ALE moved above its 50-day moving average on July 01, 2022 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ALE advanced for three days, in of 344 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 242 cases where ALE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

The 10-day moving average for ALE crossed bearishly below the 50-day moving average on June 14, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 22 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

The 50-day moving average for ALE moved below the 200-day moving average on June 02, 2022. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ALE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

ALE broke above its upper Bollinger Band on July 01, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.406) is normal, around the industry mean (1.721). P/E Ratio (17.361) is within average values for comparable stocks, (26.432). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.636). Dividend Yield (0.042) settles around the average of (0.048) among similar stocks. P/S Ratio (2.179) is also within normal values, averaging (3.325).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. ALE’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. ALE’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 62, placing this stock worse than average.

AI
A.I.Advisor
published price charts
AI
A.I. Advisor
published Earnings

ALE is expected to report earnings to fall 48.87% to 63 cents per share on August 03

ALLETE ALE Stock Earnings Reports
Q2'22
Est.
$0.63
Q1'22
Missed
by $0.20
Q4'21
Beat
by $0.08
Q3'21
Missed
by $0.18
Q2'21
Beat
by $0.01
The last earnings report on May 05 showed earnings per share of $1.24, missing the estimate of $1.44. With 269.39K shares outstanding, the current market capitalization sits at 3.35B.
AI
A.I.Advisor
published Dividends

ALE paid dividends on June 01, 2022

ALLETE ALE Stock Dividends
А dividend of $0.65 per share was paid with a record date of June 01, 2022, and an ex-dividend date of May 13, 2022. Read more...
AI
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Nextera Energy Inc (NYSE:NEE), Southern Company (The) (NYSE:SO), Dominion Energy (NYSE:D), PG&E Corp (NYSE:PCG), NRG Energy (NYSE:NRG).

Industry description

Electric utilities companies generate, transmit and distribute electricity to businesses/offices and residences. Companies may be owned by the government or investors or public shareholders, or a combination thereof. The industry also includes firms that buy and sell electricity. Companies in this industry typically require significant investments in infrastructure. Many firms in this industry pay substantial and regular dividends to shareholders. However, changes in interest rates (and their impact on debt burdens), natural disasters and changing commodity prices could be factors affecting energy utilities’ profit margins. NextEra Energy, Inc., Duke Energy Corporation, Dominion Energy Inc. and Southern Company are among U.S. electric utilities companies with the largest market capitalizations.

Market Cap

The average market capitalization across the Electric Utilities Industry is 15.45B. The market cap for tickers in the group ranges from 500 to 158.26B. NEE holds the highest valuation in this group at 158.26B. The lowest valued company is SLTZ at 500.

High and low price notable news

The average weekly price growth across all stocks in the Electric Utilities Industry was 1%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was -4%. EGIEY experienced the highest price growth at 70%, while UNPRF experienced the biggest fall at -30%.

Volume

The average weekly volume growth across all stocks in the Electric Utilities Industry was -35%. For the same stocks of the Industry, the average monthly volume growth was 4% and the average quarterly volume growth was 73%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 39
P/E Growth Rating: 57
Price Growth Rating: 49
SMR Rating: 58
Profit Risk Rating: 62
Seasonality Score: 3 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

a provider of electric and gas services

Industry ElectricUtilities

Profile
Fundamentals
Details
Industry
Electric Utilities
Address
30 West Superior Street
Phone
+1 218 279-5000
Employees
1365
Web
https://www.allete.com

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ALE and Stocks

Correlation & Price change

A.I.dvisor indicates that over the last year, ALE has been closely correlated with OGE. These tickers have moved in lockstep 67% of the time. This A.I.-generated data suggests there is a high statistical probability that if ALE jumps, then OGE could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ALE
1D Price
Change %
ALE100%
+2.79%
OGE - ALE
67%
Closely correlated
+3.84%
IDA - ALE
64%
Loosely correlated
+2.85%
NWE - ALE
64%
Loosely correlated
+2.65%
LNT - ALE
63%
Loosely correlated
+2.49%
MGEE - ALE
63%
Loosely correlated
+2.40%
More