Mge Energy. Stock Forecast

Sell candidate since May 20, 2025 Loss -2.29%

The MGE Energy Inc. stock price gained 0.514% on the last trading day (Friday, 23rd May 2025), rising from $89.53 to $89.99. During the last trading day the stock fluctuated 1.52% from a day low at $89.02 to a day high of $90.37. The price has fallen in 6 of the last 10 days and is down by -1.2% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 281 more shares were traded than the day before. In total, 71 thousand shares were bought and sold for approximately $6.41 million.

The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect MGE Energy Inc. stock with a 90% probability to be traded between $84.78 and $91.95 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.

MGEE Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 22, 2025, and so far it has risen 0.514%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The MGE Energy Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $91.40 and $90.38. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for MGE Energy Inc. stock

MGE Energy Inc. finds support from accumulated volume at $89.06 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.36 between high and low, or 1.52%. For the last week the stock has had daily average volatility of 1.77%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MGEE) For The Upcoming Trading Day Of Tuesday 27th

For the upcoming trading day on Tuesday, 27th we expect MGE Energy Inc. to open at $89.79, and during the day (based on 14 day Average True Range), to move between $88.11 and $91.87, which gives a possible trading interval of +/-$1.88 (+/-2.08%) up or down from last closing price. If MGE Energy Inc. takes out the full calculated possible swing range there will be an estimated 4.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $90.88 (0.99%) than the support at $89.06 (1.03%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Dividend Warning For MGEE

Dividend coming up for MGEE: Ex-dividend date (Friday 30th May, 2025) is 6 days away. The dividend is $0.450.

Is MGE Energy Inc. stock A Buy?

MGE Energy Inc. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -1.957 Sell Candidate Unchanged

Want to trade but not sure how? Our step-by-step guide can help. Skip the guide? Open account with our trusted broker

Predicted Fair Opening Price

Predicted fair opening price on May 27, 2025 - $89.79 ( 0.220%).