MGEE Price Prediction Next Week
Stock Price Prediction for MGEE
News Analysis:
- Earnings Report: MGE Energy reported a Q4 GAAP EPS of $0.61, up from $0.55 last year, with revenue of $171.41 million, showing positive growth.
- Investment Rating: Seeking Alpha downgraded MGE Energy, suggesting it's not the time to buy.
- Dividend Impact: MGEE will trade ex-dividend on 2/28/25, with an expected 0.48% drop in share price.
Technical Analysis:
- RSI: 63.49 (RSI_6), 57.46 (RSI_12), 56.34 (RSI_14) - indicates the stock is not overbought.
- MACD: 0.23, with a signal line close, suggesting a potential bearish crossover.
- Stochastic Oscillator: 55.33, indicating a neutral position.
- SMA: Trading above 20-day (91.50) and 50-day (88.96) SMAs, showing bullish momentum.
- Fibonacci Levels: Resistance at 94.56, support at 87.47.
Price Prediction:
Based on the analysis, MGEE is expected to face resistance and decline. The predicted price for the next trading week is $90.50.
Recommendation:
Sell MGEE due to bearish technical indicators and the recent downgrade from Seeking Alpha.
MGEE Similar Chart Price Prediction
The price of MGEE is predicted to go up 0.82%, based on the high correlation periods with LEGH. The similarity of these two price pattern on the periods is 93.7%.
MGEE
LEGH
Up: 0.82%Similarity: 93.7%
