Allete Inc. (ALE) is a diversified energy company operating in the United States. They are involved in the generation, transmission, and distribution of electric power, as well as providing regulated utility services.
The technical analysis of Allete's stock suggests that it is currently in a long-term range, indicating that the price has been trading within a defined range over an extended period. However, the trend within this range appears to be messy, lacking a clear direction or pattern. This can make it challenging for traders and investors to identify a consistent trend or make accurate predictions about future price movements.
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