MGE Energy Technical Analysis (NASDAQ:MGEE)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The MGEE stock chart pattern can give those who understand technical analysis an indication of which way MGEE stock is headed, but cannot predict with 100% certainty as to what can happen to the MGE Energy stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for MGE Energy. The technical analysis form of MGE Energy stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
MGE Energy Moving Average
Moving averages help predict the price direction of MGEE stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $64.21 is below the last closing price of $65.9 and the 50 day moving average of $62.53 is below the last closing price of $65.9. The 10 and 20 day periods can predict short term moving average trends.
MGE Energy Bollinger Bands
Bollinger bands comprise of a center line usually MGEE SMA, and two MGEE stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of MGE Energy bollinger bands.
MGE Energy Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The MGE Energy MACD indicator is above 0 indicating a bullish trend.
MGE Energy Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of MGEE stock is 66.41.