Learn to Evaluate (MGEE) using the Charts
June 23, 2024, 04:40 am ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MGEE
- Buy MGEE slightly over 74.37 target 81.09 stop loss @ 74.16 Details
The technical summary data tells us to buy MGEE near 74.37 with an upside target of 81.09. This data also tells us to set a stop loss @ 74.16 to protect against excessive loss in case the stock begins to move against the trade. 74.37 is the first level of support below 75.54 , and by rule, any test of support is a buy signal. In this case, support 74.37 is being tested, a buy signal would exist.
- Short MGEE slightly under 81.09, target 74.37, stop loss @ 81.32 Details
The technical summary data is suggesting a short of MGEE as it gets near 81.09 with a downside target of 74.37. We should have a stop loss in place at 81.32though. 81.09 is the first level of resistance above 75.54, and by rule, any test of resistance is a short signal. In this case, if resistance 81.09 is being tested, a short signal would exist.
Swing Trading Plans for MGEE
- Buy MGEE slightly over 76.21, target 81.09, Stop Loss @ 75.99 Details
If 76.21 begins to break higher, the technical summary data tells us to buy MGEE just slightly over 76.21, with an upside target of 81.09. The data also tells us to set a stop loss @ 75.99 in case the stock turns against the trade. 76.21 is the first level of resistance above 75.54, and by rule, any break above resistance is a buy signal. In this case, 76.21, 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 76.21, target 74.53, Stop Loss @ 76.43. Details
The technical summary data is suggesting a short of MGEE if it tests 76.21 with a downside target of 74.53. We should have a stop loss in place at 76.43 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, 76.21, 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 76.3, target 81.09, Stop Loss @ 76.12 Details
If 76.3 begins to break higher, the technical summary data tells us to buy MGEE just slightly over 76.3, with an upside target of 81.09. The data also tells us to set a stop loss @ 76.12 in case the stock turns against the trade. 76.3 is the first level of resistance above 75.54, and by rule, any break above resistance is a buy signal. In this case, 76.3, 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 76.3, target 75.39, Stop Loss @ 76.48. Details
The technical summary data is suggesting a short of MGEE if it tests 76.3 with a downside target of 75.39. We should have a stop loss in place at 76.48 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, 76.3, 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 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
67.85 |
| P2 |
75.39 |
74.53 |
74.37 |
| P3 |
76.3 |
76.21 |
81.09 |
AI Generated Signals for MGEE
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Mge Energy Inc. (NASDAQ: MGEE) report below can help you understand how to do this. The trading plans for MGEE, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MGEE:
pool ads
