MGE ENERGY INC (MGEE) Stock Technical Analysis
NASDAQ:MGEE - US55277P1049 - Common Stock
85.15 USD
-0.86 (-1%)
85.15 USD
0 (0%)
Taking everything into account, MGEE scores 1 out of 10 in our technical rating. MGEE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, MGEE is a bad performer in the overall market: 77% of all stocks are doing better.
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 trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month MGEE has a been trading in the 82.29 - 88.01 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Although the technical rating is bad, MGEE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 85.12, a Stop Loss order could be placed below this zone.
More info and screens
82.17
94.41
We found 1 important support area.
- A support zone ranging from 83.00 to 85.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 85.84 to 88.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 91.05 to 91.06. This zone is formed by a combination of multiple trend lines 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.
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 | NEUTRAL | NEUTRAL | The short term trend for MGEE is neutral. |
| ChartMill Relative Strength | 23.24 | NEGATIVE | MGEE has a low relative strength, it was outperformed by 76.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MGEE is above the rising 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) | 47.73 | NEUTRAL | The RSI value for MGEE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests MGEE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.56 | NEUTRAL | The Stochastics value for MGEE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for MGEE suggests some volalility. |
| Average Directional Index/ADX (14) | 17.91 | 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)
85.15
-0.86 (-1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-1%
1 Week-2.95%
2 Weeks1.25%
1 Month1.42%
3 Month-5.72%
6 Month-7.22%
12 Month-1.79%
2 Year17.56%
3 Year10.56%
5 Year31.02%
10 Year121.4%
15 Year242.24%
Volatility
ATR(14)1.8
ATR(20)%2.03%
ATR Inc-6.32%
Range Today1.35
ADR(20)1.65
ADR(20)%1.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.24
Mansfield-1.48
10 Day High88.01
10 Day Low83.07
20 Day High88.01
20 Day Low82.29
52 Week High109.22
52 Week Low82.21
CS1 End85.12
CR1 Start85.84
Volume & EV
DER(3)-1.41%
DER(5)0.33%
Volume104.90K
Volume Incr0.49%
Vol(5)140.66K
Vol(50)173.33K