When (MGEE) Moves Investors should Listen

July 23, 2024, 04:14 am ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MGEE

• Buy MGEE slightly over 83.69 target n/a stop loss @ 83.45. Details

The technical summary data tells us to buy MGEE near 83.69, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 83.45 to protect against excessive loss in case the stock begins to move against the trade. 83.69 is the first level of support below 84.4, and by rule, any test of support is a buy signal. In this case, if support 83.69 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for MGEE

• Buy MGEE slightly over 84.65, target 87.64, Stop Loss @ 84.41 Details

If 84.65 begins to break higher, the technical summary data tells us to buy MGEE just slightly over 84.65, with an upside target of 87.64. The data also tells us to set a stop loss @ 84.41 in case the stock turns against the trade. 84.65 is the first level of resistance above 84.4, and by rule, any break above resistance is a buy signal. In this case, 84.65, 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 84.65, target 83.69, Stop Loss @ 84.89. Details

The technical summary data is suggesting a short of MGEE if it tests 84.65 with a downside target of 83.69. We should have a stop loss in place at 84.89 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, 84.65, 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 84.65, target 86.22, Stop Loss @ 84.45 Details

If 84.65 begins to break higher, the technical summary data tells us to buy MGEE just slightly over 84.65, with an upside target of 86.22. The data also tells us to set a stop loss @ 84.45 in case the stock turns against the trade. 84.65 is the first level of resistance above 84.4, and by rule, any break above resistance is a buy signal. In this case, 84.65, 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 84.65, target 83.69, Stop Loss @ 84.85. Details

The technical summary data is suggesting a short of MGEE if it tests 84.65 with a downside target of 83.69. We should have a stop loss in place at 84.85 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, 84.65, 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 July 23:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	70.91
P2	83.37	84.65	77.23
P3	86.22	87.64	83.69

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.