When (MGEE) Moves Investors should Listen

June 13, 2024, 05:30 am ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MGEE

• Buy MGEE slightly over 74.07 target 80.88 stop loss @ 73.86 Details

The technical summary data tells us to buy MGEE near 74.07 with an upside target of 80.88. This data also tells us to set a stop loss @ 73.86 to protect against excessive loss in case the stock begins to move against the trade. 74.07 is the first level of support below 76.45 , and by rule, any test of support is a buy signal. In this case, support 74.07 is being tested, a buy signal would exist.

• Short MGEE slightly under 80.88, target 74.07, stop loss @ 81.11 Details

The technical summary data is suggesting a short of MGEE as it gets near 80.88 with a downside target of 74.07. We should have a stop loss in place at 81.11though. 80.88 is the first level of resistance above 76.45, and by rule, any test of resistance is a short signal. In this case, if resistance 80.88 is being tested, a short signal would exist.

Swing Trading Plans for MGEE

• Buy MGEE slightly over 78.39, target 80.88, Stop Loss @ 78.16 Details

If 78.39 begins to break higher, the technical summary data tells us to buy MGEE just slightly over 78.39, with an upside target of 80.88. The data also tells us to set a stop loss @ 78.16 in case the stock turns against the trade. 78.39 is the first level of resistance above 76.45, and by rule, any break above resistance is a buy signal. In this case, 78.39, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MGEE slightly near 78.39, target 75.86, Stop Loss @ 78.62. Details

The technical summary data is suggesting a short of MGEE if it tests 78.39 with a downside target of 75.86. We should have a stop loss in place at 78.62 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 78.39, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for MGEE

• Buy MGEE slightly over 76.95, target 78.39, Stop Loss @ 76.77 Details

If 76.95 begins to break higher, the technical summary data tells us to buy MGEE just slightly over 76.95, with an upside target of 78.39. The data also tells us to set a stop loss @ 76.77 in case the stock turns against the trade. 76.95 is the first level of resistance above 76.45, and by rule, any break above resistance is a buy signal. In this case, 76.95, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MGEE slightly near 76.95, target 75.86, Stop Loss @ 77.13. Details

The technical summary data is suggesting a short of MGEE if it tests 76.95 with a downside target of 75.86. We should have a stop loss in place at 77.13 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 76.95, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Mge Energy Inc. (MGEE) available here: MGEE.

MGEE Ratings for June 13:

Term →	Near	Mid	Long
Rating	Weak	Weak	Neutral
P1	0	0	67.49
P2	75.46	75.86	74.07
P3	76.95	78.39	80.88

AI Generated Signals for MGEE

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How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Mge Energy Inc. (NASDAQ: MGEE) report below is a real world example. Included are trading plans for MGEE, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.