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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 price down 0.501% on Friday
(Updated on Jun 21, 2024)

Sell candidate since Jun 20, 2024 Loss -0.50% PDF

The MGE Energy Inc. stock price fell by -0.501% on the last day (Friday, 21st Jun 2024) from $75.92 to $75.54. During the last trading day the stock fluctuated 1.94% from a day low at $75.15 to a day high of $76.61. The price has fallen in 7 of the last 10 days and is down by -2.63% for this period. Volume has increased on the last day by 331 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 458 thousand shares were bought and sold for approximately $34.59 million.

The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $74.13 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect MGE Energy Inc. stock with a 90% probability to be traded between $74.40 and $82.68 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 stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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MGEE Signals & Forecast

There are few to no technical positive signals at the moment. 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 $76.11 and $78.87. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -8.19%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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

MGE Energy Inc. finds support from accumulated volume at $75.19 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 $1.46 between high and low, or 1.94%. For the last week the stock has had daily average volatility of 1.99%.

MGE Energy Inc. is oversold on RSI14 (5). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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 Monday 24th

For the upcoming trading day on Monday, 24th we expect MGE Energy Inc. to open at $75.77, and during the day (based on 14 day Average True Range), to move between $74.03 and $77.05, which gives a possible trading interval of +/-$1.51 (+/-1.99%) up or down from last closing price. If MGE Energy Inc. takes out the full calculated possible swing range there will be an estimated 3.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $75.19 (0.46%) than the resistance at $76.54 (1.32%), 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.

Current score: -2.143 Sell Candidate Unchanged

Predicted Opening Price for MGE Energy Inc. of Monday, June 24, 2024

Fair opening price June 24, 2024 Current price
$75.77 ( 0.298%) $75.54

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

Trading levels for MGEE

Fibonacci Support & Resistance Levels

Level Price
R3 77.22 2.22%
R2 76.66 1.49%
R1 76.32 1.03%
Price 75.54
S1 75.21 -0.438%
S2 74.87 -0.89%
S3 74.31 -1.63%

Accumulated Volume Support & Resistance Levels

Level Price
R3 78.22 3.55%
R2 77.53 2.63%
R1 76.54 1.32%
Price 75.54
S1 75.19 -0.463%
S2 75.01 -0.702%
S3 74.99 -0.728%

MGEE Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 21, 2024 May 31, 2024 Jun 15, 2024 $0.428 0.561%
2 Jan 19, 2024 Feb 29, 2024 Mar 15, 2024 $0.428 0.569%
3 Oct 20, 2023 Nov 30, 2023 Dec 15, 2023 $0.430 0.586%
4 Aug 18, 2023 Aug 31, 2023 Sep 15, 2023 $0.428 0.578%
5 May 16, 2023 May 31, 2023 Jun 15, 2023 $0.408 0.516%

FAQ

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.

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 Jun 21, 2024, the price of an MGE Energy Inc. (MGEE) share was $75.54.

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 $62.03.

What is the market capitalization of MGE Energy Inc. Stock?
As of the Jun 21, 2024, the market capitalization of MGE Energy Inc. is 2.746B.

When is the next earnings date for MGE Energy Inc.?
The upcoming earnings date for MGE Energy Inc. is Aug 01, 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

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