RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MGEE
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MGE Energy Inc. stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Feb 27, 2024)


Sell candidate since Feb 27, 2024 PDF
The MGE Energy Inc. stock price gained 0.712% on the last trading day (Tuesday, 27th Feb 2024), rising from $63.23 to $63.68. During the last trading day the stock fluctuated 1.41% from a day low at $63.11 to a day high of $64.00. The price has been going up and down for this period, and there has been a -3.65% loss for the last 2 weeks. Volume fell on the last day by -45 thousand shares and in total, 110 thousand shares were bought and sold for approximately $6.98 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -15.87% during the next 3 months and, with a 90% probability hold a price between $49.77 and $55.04 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

MGEE Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 2.40%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $64.53 and $66.52. A break-up above any of these levels will issue buy signals.

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

MGE Energy Inc. finds support from accumulated volume at $63.32 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 $0.89 between high and low, or 1.41%. For the last week the stock has had daily average volatility of 1.56%.

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 Wednesday 28th

For the upcoming trading day on Wednesday, 28th we expect MGE Energy Inc. to open at $63.60, and during the day (based on 14 day Average True Range), to move between $62.38 and $64.98, which gives a possible trading interval of +/-$1.30 (+/-2.05%) up or down from last closing price. If MGE Energy Inc. takes out the full calculated possible swing range there will be an estimated 4.09% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $63.32 (0.57%) than the resistance at $64.49 (1.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is MGE Energy Inc. stock A Buy?

MGE Energy Inc. holds several negative signals and is within a wide and 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.320 Open Broker Account

Sell Candidate Downgraded

Predicted Opening Price for MGE Energy Inc. of Wednesday, February 28, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Fair opening price February 28, 2024 Current price
$63.60 ( 0.131%) $63.68

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 64.49 1.27 %
R2 64.15 0.733 %
R1 63.94 0.403 %
Current price: 63.68
Support S1 63.26 -0.665 %
S2 63.05 -0.99 %
S3 62.71 -1.53 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 73.00 14.64 %
R2 72.44 13.76 %
R1 64.49 1.27 %
Current price 63.68
Support S1 63.32 -0.565%
S2 63.23 -0.707%
S3 62.19 -2.34%
What is the symbol for MGE Energy Inc. Stock and on which exchange is it traded?
The symbol for MGE Energy Inc. is MGEE and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell MGE Energy Inc. Stock?
MGE Energy Inc. holds several negative signals and is within a wide and 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy MGE Energy Inc. Stock?
MGE Energy Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy MGE Energy Inc. Stock.

What's the current price of MGE Energy Inc. Stock?
As of the end of day on the 2024-02-27, the price of an MGE Energy Inc. (MGEE) share was $63.68.

What is the 52-week high and low for MGE Energy Inc. Stock?
The 52-week high for MGE Energy Inc. Stock is $83.27 and the 52-week low is $62.09.

What is the market capitalization of MGE Energy Inc. Stock?
As of the 2024-02-27, the market capitalization of MGE Energy Inc. is 2.287B.

When is the next earnings date for MGE Energy Inc.?
The upcoming earnings date for MGE Energy Inc. is May 02, 2024.

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About MGE Energy Inc.

MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company primarily in Wisconsin. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other. The company generates, purchases, and distributes electricity; owns or leases electric generation facilities located in Wisconsin and Iowa; and plans, constructs, operates... MGEE Profile

MGEE Dividend Data

2.22%

Dividend Yield (TTM)
Payout Ratio (TTM) 0
Next Ex-Dividend Date Feb 29, 2024
Next Payment Date Mar 15, 2024
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