MGE ENERGY INC (MGEE) Technical Analysis
NASDAQ:MGEE • US55277P1049
Current stock price
MGEE Technical Rating and Analysis
Overall MGEE gets a technical rating of 2 out of 10. 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.
- 79% 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. 84% 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.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- In the last month MGEE has a been trading in the 74.57 - 81.89 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MGEE Weekly and Daily overview Charts
MGEE Setup Rating and Analysis
MGEE has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
MGEE Support and Resistance Analysis
71.73
2 important support areas can be observed.
- A support zone ranging from 74.13 to 74.72. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @72.45 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 78.60 to 81.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 82.82 to 83.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for MGEE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MGEE is neutral. |
| ChartMill Relative Strength | 21.39 | NEGATIVE | MGEE has a low relative strength, it was outperformed by 78.61% 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) | 50.62 | NEUTRAL | The RSI value for MGEE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests MGEE has a negative trend. |
| Stochastics (14,3) | 33.93 | NEUTRAL | The Stochastics value for MGEE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for MGEE suggests some volalility. |
| Average Directional Index/ADX (14) | 15.45 | NEGATIVE | The low ADX value for MGEE suggests a weak or negative trend. |
MGEE Chart- and CandleStick Pattern Analysis
MGEE Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:MGEE (4/21/2026, 11:20:57 AM)
78.24
-0.1 (-0.13%)
MGE ENERGY INC / MGEE TA FAQ
Can you provide the ChartMill technical rating for MGE ENERGY INC?
ChartMill assigns a technical rating of 2 / 10 to MGEE.
What is the trend direction for MGEE stock?
The current trend direction for MGE ENERGY INC (MGEE) is Bearish.
What is the RSI signal for MGEE stock?
MGE ENERGY INC (MGEE) has an RSI value of 50.6219. This indicates that the stock is currently neutral.
What is the MACD signal for MGE ENERGY INC (MGEE) stock?
The MACD indicator for MGE ENERGY INC (MGEE) has a value of -0.035057, indicating a bearish trend.