After completing its last trading session, Allete, Inc. (NYSE:ALE) spiked up by 0.2% – here is what that looked like (as of 2020-01-06):
What is the cause of all this?? To grasp this action better, We ought to analyze some technical indicators. As we see it, you should pay the most attention to the following:
A Money Flow Index (MFI) of 33.639, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of -0.012, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.808, an Accumulation/Distribution Index (ADI) of 0.808, an On-Balance Volume (OBV) of 169.192, and a Chaiikin Money Flow (CMF) of -80.52. 1.016
Now let’s plug these indicators in. According to Trading View, we can conclude the following:
So when putting all the technical indicators together, this is what you get. That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.