MGE ENERGY INC (MGEE) Stock Technical Analysis
NASDAQ:MGEE - Nasdaq - US55277P1049 - Common Stock - Currency: USD
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.
76% of all other stocks performed better in the past year than MGEE.
MGEE is one of the lesser performing stocks in the Electric Utilities industry. 80% of 47 stocks in the same industry do better.
MGEE is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month MGEE has a been trading in the 82.21 - 90.14 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
Although the technical rating is bad, MGEE does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 84.93, a Stop Loss order could be placed below this zone.
More info and screens
82.81
96.39
We found 1 important support area.
- A support zone ranging from 83.65 to 84.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 85.87 to 88.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @91.05 from a horizontal line in the daily time frame.
- A resistance zone ranging from 93.22 to 93.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @95.44 from a horizontal line in the daily time frame.
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 | 24.42 | NEGATIVE | MGEE has a low relative strength, it was outperformed by 75.58% 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) | 41.35 | NEUTRAL | The RSI value for MGEE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests MGEE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.65 | OVERSOLD | The low Stochastics value suggests MGEE may be oversold. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for MGEE suggests some volalility. |
| Average Directional Index/ADX (14) | 16.13 | NEGATIVE | The low ADX value for MGEE suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
84.94
+1.29 (+1.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg1.54%
1 Week-2.18%
2 Weeks-0.69%
1 Month-4.81%
3 Month-6.55%
6 Month-5.46%
12 Month-3.9%
2 Year5.86%
3 Year4.37%
5 Year28.06%
10 Year114.06%
15 Year240.03%
Volatility
ATR(14)1.99
ATR(20)%2.24%
ATR Inc15.66%
Range Today2.82
ADR(20)1.89
ADR(20)%2.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.42
Mansfield-1.43
10 Day High89.5
10 Day Low82.21
20 Day High90.14
20 Day Low82.21
52 Week High109.22
52 Week Low82.21
CS1 End84.93
CR1 Start85.87
Volume & EV
DER(3)-1.25%
DER(5)-0.51%
Volume222.60K
Volume Incr-0.48%
Vol(5)177.56K
Vol(50)157.43K