Stock Price Prediction

MGEE stock is currently trading at $87.32, near its oversold territory with an RSI of 29.9, suggesting a potential buying opportunity as selling pressure may be exhausting. The stock's 52-week range of $61.94 to $109.22 indicates room for recovery, especially if market sentiment improves. Additionally, its 2.07% dividend yield adds appeal for income-focused investors.

MGEE stock is currently trading at $87.32, below its 200-day moving average, signaling bearish momentum. The RSI of 29.9 indicates oversold conditions, but the lack of immediate recovery suggests continued downward pressure. With a Fibonacci support level at $85.64, a break below this could lead to further declines.

The market consensus for MGEE's eps in the upcoming quarter is projected to be approximately $0.96 USD.