Is ALLETE, Inc. technically bullish or bearish?

As of 3 October 2025, the technical trend for ALLETE, Inc. has changed from mildly bearish to mildly bullish. The weekly MACD and Dow Theory indicators are both bullish, supporting the positive shift in trend. However, the daily moving averages remain mildly bearish, indicating some short-term weakness. The stock has outperformed the S&P 500 over the past week and month, returning 1.42% and 5.88% respectively, but lags significantly in the longer-term periods, with a 3-year return of 30.35% compared to the S&P 500's 82.57%. Overall, the current stance is mildly bullish, driven primarily by the weekly MACD and Dow Theory indicators.