Alerus Financial Corporation

Stage 3 · Topping · week 2

As of Oct 22, 2026, Alerus Financial is in Stage 3, the topping phase, now in week 2 (since Oct 15, 2026). It closed at $32.18, 5.0% below its 52-week high and above its 200-day average, which is rising.

$32.18

+2.68% today

$802M · Small cap

Market Neutral — Building

Pro read

Pro

Our read

Topping: the uptrend is tiring

Setup score

—

Momentum

Steady

Edge

—

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Stage Cycle Timeline2023-08-16 → 2026-10-22

S2 17w

S4 16w

S2 20w

S2 42w

2023-08-162026-10-22

S1S2S3S4Setup score (0–10, dashed line at 5)

S1 2w → S2 5w → S3 9w → S2 17w → S3 9w → S4 6w → S1 4w → S2 17w → S3 6w → S4 16w → S1 5w → S2 20w → S3 5w → S2 42w → S3 1w current

Total tracked: 166 weeks across 15 stage runs.

ALRS among Banks - Regional39th of 319 by relative strength

All 319 →

Stocks in Banks - Regional ranked by relative strength, with stage and one-month change
#	Stock	Stage	RS	1M
1	OPHCOptimumBank Holdings, Inc.	Stage 2 · wk 38	96	−1.0%
2	MSBIMidland States Bancorp, Inc.	Stage 2 · wk 43	95	+1.8%
3	CMTVCommunity Bancorp.	Stage 2 · wk 72	94	+11.5%
4	VBNKVersaBank	Stage 2 · wk 25	94	−0.9%
5	AMALAmalgamated Financial Corp.	Stage 3 · wk 2	94	+8.1%
6	BOTJBank of the James Financial Group, Inc.	Stage 2 · wk 58	93	+9.0%
7	ATLOAmes National Corporation	Stage 2 · wk 68	92	+9.5%
8	RBKBRhinebeck Bancorp, Inc.	Stage 2 · wk 38	92	+0.9%
…39	ALRSAlerus Financial Corporation	Stage 3 · wk 2	88	+2.0%

vs 52W High

-5.0%

$20.26 lo$33.89 hi

5.0% below 52W high, weakening from peak

The stock is rolling over from its 52-week high. In Stage 3 distribution, new long positions carry high risk.

Stage Maturity

Week 2

1w13w26w

Week 2, early distribution

How long this stock has been in Stage 3 distribution. Longer tops often precede deeper Stage 4 declines.

vs 200 DMA

14.1%

200 DMA: $28.21 · rising

Stock is losing its 200 DMA. Once lost, it confirms Stage 4 risk. This is a major red flag for existing holders.

Rel Volume

0.65x

vs 50-day avg

Volume spikes on down days during Stage 3 signal distribution, with institutions exiting. Stage analysis reads that as a warning against new long positions.

Trend Health

↓

Short-term trend rolling over

Two reads of momentum. The arrow shows the direction of the short-term trend: rising (↑ or ↗), flat (→) or rolling over (↓). The ⇈ mark appears when our trend model reads the move as gaining speed on top of the longer trend. Strongest when both agree.

+2.0%

-0.9%

+28.0%

YTD

+46.6%

+54.3%

Scan Membership

Breakout Watch

Latest: 2025-06-26

7 appearances in last 60 days. First seen: 2019-09-05.

A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding. Staying power in the scan says more about the trend than any single appearance.

Recent Stage Timeline

2026-10-22S3

Wk 2 · Vol 0.65x

2026-10-21S3

Wk 1 · Vol 0.37x

2026-10-20S3

Wk 1 · Vol 0.76x

2026-10-19S3

Wk 1 · Vol 0.86x

2026-10-16S3

Wk 1 · Vol 1.55x

2026-10-15S32→3

Wk 1 · Vol 0.69x

2026-10-14S2

Wk 41 · Vol 0.80x

2026-10-13S2

Wk 41 · Vol 0.64x

2026-10-12S2

Wk 41 · Vol 0.56x

2026-10-09S2

Wk 41 · Vol 0.72x

2026-10-08S2

Wk 40 · Vol 0.97x

2026-10-07S2

Wk 40 · Vol 1.25x

Moving averages & range

50 DMA

$32.32

200 DMA

$28.21

52W High

$33.89

52W Low

$20.26

5D Low

$31.16

Resistance levels (recent highs)

20d High

$32.67

60d High

$33.89

120d High

$33.89

250d High

$33.89

Next resistance

+1.5%

to 20d High

P/E (TTM)

29.8

Forward 11.5

Earnings Growth (YoY)

+3.8%

Revenue +7.2%

ROE

+5.0%

Profit margin +11.5%

Dividend Yield

2.81%

P/B 1.4

Alerus Financial: quick answers

What stage is Alerus Financial in?

As of Oct 22, 2026, Alerus Financial (ALRS) is in Stage 3, the topping phase. It entered Stage 3 on Oct 15, 2026 and is in week 2. What the four stages mean

Is Alerus Financial in an uptrend?

Its uptrend has stalled. Alerus Financial is in Stage 3, the topping phase that follows an advance. It trades 14.1% above its 200-day average, which is rising.

How far is Alerus Financial from its 52-week high?

Alerus Financial closed at $32.18 on Oct 22, 2026, 5.0% below its 52-week high of $33.89. Its 52-week low is $20.26.

How has Alerus Financial performed over the past year?

As of Oct 22, 2026, Alerus Financial is up 54.3% over the past year and up 46.6% so far in 2026.

Which sector and industry is Alerus Financial in?

Alerus Financial is in the Banks - Regional industry, part of the Financials sector.

About this companyFinancials· Banks - Regional

Alerus Financial Corporation operates as the bank holding company for Alerus Financial, National Association that provides various financial services to businesses and consumers in the United States. The company operates in three segments: Banking, Retirement and Benefit Services, and Wealth. It offers demand deposits, interest-bearing transaction accounts, money market accounts, time and savings deposits, noninterest-bearing deposits, interest-bearing checking accounts, and certificates of deposit; and treasury management products, including electronic receivables management, remote deposit capture, cash vault, merchant, and other cash management services. The company also provides commercial loans, business term loans, and lines of credit; commercial real estate, and commercial and industrial loans; consumer lending products, including residential first mortgage loans; and installment loans, and loans collateralized by cash and marketable securities. In addition, it offers retirement plan, and investment advisory services, employee stock ownership plan, investment fiduciary services, health savings accounts, flex spending accounts, COBRA recordkeeping, and other administration services, as well as individual retirement accounts; and financial planning, investment management, personal and corporate trust, estate administration, and custody services. Further, the company provides debit cards, personal and business loans, credit cards, online and mobile banking/wallet, private banking, deposit and payment solutions, mortgages, administration, and government health insurance program services. The company was formerly known as First National Bank North Dakota and changed its name to Alerus Financial Corporation in 2000. Alerus Financial Corporation was founded in 1879 and is headquartered in Grand Forks, North Dakota.

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All analytics based on EOD data. Data as of 2026-10-22. Past data patterns are not indicative of future results. This page is a data analytics tool only.