MGE ENERGY INC (MGEE) Technical Analysis
NASDAQ:MGEE • US55277P1049
Current stock price
MGEE Technical Rating and Analysis
Overall MGEE gets a technical rating of 0 out of 10. MGEE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 77% of all other stocks performed better in the past year than MGEE.
- MGEE is part of the Electric Utilities industry. There are 47 other stocks in this industry, of which 89% are performing better than MGEE.
- MGEE is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MGEE is lagging the market.
- In the last month MGEE has a been trading in the 72.17 - 83.08 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
MGEE Weekly and Daily overview Charts
MGEE Setup Rating and Analysis
Although the technical rating is bad, MGEE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
MGEE Support and Resistance Analysis
71.73
We found 2 important support areas.
- A support zone ranging from 74.13 to 75.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @72.45 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 80.85 to 83.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong resistance @85.54 from a horizontal line in the daily time frame.
MGEE Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for MGEE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MGEE is down. |
| ChartMill Relative Strength | 23.43 | NEGATIVE | MGEE has a low relative strength, it was outperformed by 76.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MGEE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MGEE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MGEE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.97 | NEUTRAL | The RSI value for MGEE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests MGEE has a positive trend. |
| Stochastics (14,3) | 52.22 | NEUTRAL | The Stochastics value for MGEE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for MGEE suggests some volalility. |
| Average Directional Index/ADX (14) | 27.88 | POSITIVE | The high ADX value value for MGEE suggests a strong trend. |
MGEE Chart- and CandleStick Pattern Analysis
MGEE Technicals: Chart, Performance Metrics, Trend & Indicators
75.94
-0.27 (-0.35%)
MGE ENERGY INC / MGEE TA FAQ
Can you provide the ChartMill technical rating for MGE ENERGY INC?
ChartMill assigns a technical rating of 0 / 10 to MGEE.
What is the trend direction for MGEE stock?
The current trend direction for MGE ENERGY INC (MGEE) is Bearish.
Can you provide the RSI signal for MGE ENERGY INC?
MGE ENERGY INC (MGEE) has an RSI value of 44.9675. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MGE ENERGY INC?
The short term momentum for MGE ENERGY INC (MGEE) is negative.
What are the support and resistance levels for MGE ENERGY INC (MGEE) stock?
MGE ENERGY INC (MGEE) has a support level at 75.07 and a resistance level at 80.85. Check the full technical report for our detailed analysis of MGEE support and resistance levels.