MGEE Technical Analysis & Stock Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

MGE Energy Inc (MGEE) Moving Averages Convergence Divergence (MACD) indicator is -0.29, suggesting MGEE is Strong Sell.

MGE Energy Inc (MGEE) 20-Day simple moving average is 79.012, while MGE Energy Inc (MGEE) share price is $73.65, making it Sell.

MGE Energy Inc (MGEE) 60-Day simple moving average is 78.696, while MGE Energy Inc (MGEE) share price is $73.65, making it Sell.

Technical Analysis for MGEE

Technical Sentiment Analysis for MGE Energy Inc (MGEE) As of 2026-05-08, MGE Energy Inc (MGEE) is exhibiting a Strong Sell technical sentiment. Our proprietary analysis, which aggregates 14 technical signals, shows that 2 indicators are flashing buy, while 12 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MGEE stands at 32.987, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.29, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 29.751 and the Commodity Channel Index (CCI) at -237.507 further confirm a -6.53 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, MGEE is trading below its 60-day moving average of $78.696 and below its 200-day long-term moving average of $81.31. Key price levels to watch include the immediate resistance at $83.101 and strong support at $74.111. A break above $83.101 could signal a bull continuation, while falling below $74.111 may test the next Fibonacci floor at $69.06.

MGE Energy Inc (MGEE) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	65.121	69.06	74.111	78.05	83.101	87.04	92.091
Fibonacci	69.06	72.495	74.616	78.05	81.485	83.606	87.04

MGE Energy Inc (MGEE) Technical Indicators

2026-05-08

Name	Value
RSI_14	32.987
STOCHk_14_3_3	29.751
STOCHd_14_3_3	53.189
CCI_20	-237.507
AO_5_34	-0.206
MOM_10	-6.53
MACD_12_26_9	-0.29

MGE Energy Inc (MGEE) Relative Strength Index (RSI) is 32.987, creating a Neutral signal.

MGE Energy Inc (MGEE) Stochastic Oscillator is 29.751, creating a Neutral signal.

MGE Energy Inc (MGEE) Stochastic RSI is 53.189, creating a Neutral signal.

MGE Energy Inc (MGEE) Commodity Channel Index (CCI) is -237.507, creating a Buy signal.

MGE Energy Inc (MGEE) Awesome Oscillator is -0.206, creating a Sell signal.

MGE Energy Inc (MGEE) Momentum is -6.53, creating a Sell signal.

MGE Energy Inc (MGEE) MACD is -0.29, creating a Sell signal.

MGE Energy Inc (MGEE) Moving Average

2026-05-08

Period	Simple	Signal
MA_5	77.992	Sell
MA_10	79.161	Sell
MA_20	79.012	Sell
MA_60	78.696	Sell
MA_200	81.31	Sell
MA_250	82.844	Sell

MGE Energy Inc (MGEE) 5-Day simple moving average is 77.992, while MGE Energy Inc (MGEE) share price is $73.65, making it a Sell.

MGE Energy Inc (MGEE) 10-Day simple moving average is 79.161, while MGE Energy Inc (MGEE) share price is $73.65, making it a Sell.

MGE Energy Inc (MGEE) 20-Day simple moving average is 79.012, while MGE Energy Inc (MGEE) share price is $73.65, making it a Sell.

MGE Energy Inc (MGEE) 60-Day simple moving average is 78.696, while MGE Energy Inc (MGEE) share price is $73.65, making it a Sell.

MGE Energy Inc (MGEE) 200-Day simple moving average is 81.31, while MGE Energy Inc (MGEE) share price is $73.65, making it a Sell.

MGE Energy Inc (MGEE) 250-Day simple moving average is 82.844, while MGE Energy Inc (MGEE) share price is $73.65, making it a Sell.

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Frequently Asked Questions

What is the current technical consensus for MGEE?

The overall technical consensus for MGE Energy Inc (MGEE) is currently Strong Sell. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 2 buy signals and 6 sell signals.

What are the key support and resistance levels for MGE Energy Inc (MGEE) today?

Based on pivot point calculations, MGE Energy Inc (MGEE) has an immediate support level at 74.111 and a major resistance level at 83.101. Traders also monitor the pivot point at 78.05 to determine the intraday trend direction.

Is MGE Energy Inc (MGEE) overbought or oversold based on the RSI?

The Relative Strength Index (RSI) for MGE Energy Inc (MGEE) is currently 32.987. This indicates that the stock is in neutral territory (typically, a value below 30 is oversold and above 70 is overbought).

What signal is the MACD providing for MGE Energy Inc (MGEE)?

MGE Energy Inc (MGEE) Moving Averages Convergence Divergence (MACD) indicator is -0.29, suggesting MGEE is Strong Sell. This indicator helps identify potential trend reversals or momentum shifts for MGE Energy Inc.

How is MGE Energy Inc (MGEE) performing relative to its 200-day moving average?

MGE Energy Inc (MGEE) is currently trading at $73.65, which is below its 200-day simple moving average of 81.31. Trading below the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.