MGEE Price Prediction Next Week
Analysis and Insights
Earnings and Financial Performance:
MGE Energy reported strong Q4 results with a GAAP EPS of $0.61, up from $0.55 in the previous year, and revenue of $171.41 million, a 4.2% increase year-over-year. This reflects positive earnings growth and operational stability.
Technical Indicators:
- RSI (14): 48.42, indicating a neutral position, not overbought or oversold.
- MACD: Showing a slight bullish signal with a value of 0.30.
- Fibonacci Levels: Pivot at 91.92, resistance at 94.25, and support at 89.58.
Price Action:
The stock is currently trading near its 20-day moving average of $91.91, with a recent price of $92.25. The Fibonacci pivot point at 91.92 suggests potential support.
Event Impact:
The ex-dividend date on 2/28/25 may cause a slight dip, but the impact is expected to be minimal at 0.48%.
Conclusion:
Based on the analysis, MGE Energy's stock is expected to trade between 91.50 and 93.50 next week. Given the current technical indicators and the upcoming ex-dividend effect, the stock may face resistance at higher levels.
Recommendation: Sell at the upper end of the range, targeting 93.50, as the stock may struggle to break above this resistance level.
MGEE Similar Chart Price Prediction
The price of MGEE is predicted to go up 0.35%, based on the high correlation periods with LEGH. The similarity of these two price pattern on the periods is 93.7%.
MGEE
LEGH
Up: 0.35%Similarity: 93.7%
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MGEE Analyst's Forecast
Stephen Byrd
Morgan Stanley
Sell
2025-03-20
Price Target
$78 → $80
Downside
-13.57%
Morgan Stanley raised the firm's price target on MGE Energy to $80 from $78 and keeps an Underweight rating on the shares. The firm is updating its price targets for North American Regulated and Diversified Utilities/IPPs, the analyst tells investors. In February, utilities outperformed the S&P's -1.30% return, the firm says. Key takeaways from the firm's annual Energy & Power Conference includes continued strong demand from data centers; regulatory uncertainty in power markets; renewables defense with safe harboring, equipment onshoring, and rising return levels; and new generation build challenges, the firm notes.
