MGE ENERGY INC (MGEE) Stock Technical Analysis
NASDAQ:MGEE • US55277P1049
Overall MGEE gets a technical rating of 1 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.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 77% 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. 86% of 46 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 a tight range between 78.09 and 81.62.
MGEE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 79.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 79.63, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
76.73
When analyzing the support we notice one important area.
- A support zone ranging from 77.50 to 81.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 82.53 to 83.65. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 87.05 to 87.74. 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 | 23.39 | NEGATIVE | MGEE has a low relative strength, it was outperformed by 76.61% 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 | MIXED | The current price of MGEE is above 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) | 52.34 | NEUTRAL | The RSI value for MGEE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests MGEE has a positive trend. |
| Stochastics (14,3) | 40.23 | NEUTRAL | The Stochastics value for MGEE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.01 | MEDIUM VOLATILITY | The ATR as a percentage value for MGEE suggests some volalility. |
| Average Directional Index/ADX (14) | 13.67 | NEGATIVE | The low ADX value for MGEE suggests a weak or negative trend. |
NASDAQ:MGEE (2/12/2026, 3:25:47 PM)
81.57
+1.67 (+2.09%)
MGE ENERGY INC / MGEE FAQ
Can you provide the ChartMill technical rating for MGE ENERGY INC?
ChartMill assigns a technical rating of 1 / 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 52.3412. 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 neutral.
What are the support and resistance levels for MGE ENERGY INC (MGEE) stock?
MGE ENERGY INC (MGEE) has a support level at 79.63 and a resistance level at 79.91. Check the full technical report for our detailed analysis of MGEE support and resistance levels.