(MGEE) Investment Analysis and Advice

November 13, 2024, 18:32 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MGEE

• Buy MGEE near 99.41 target n/a stop loss @ 99.12. Details

The technical summary data tells us to buy MGEE near 99.41, 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 99.12 to protect against excessive loss in case the stock begins to move against the trade. 99.41 is the first level of support below 108.16, and by rule, any test of support is a buy signal. In this case, if support 99.41 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 110.31, target n/a, Stop Loss @ 109.99 Details

If 110.31 begins to break higher, the technical summary data tells us to buy MGEE just slightly over 110.31, with an upside target of n/a. The data also tells us to set a stop loss @ 109.99 in case the stock turns against the trade. 110.31 is the first level of resistance above 108.16, and by rule, any break above resistance is a buy signal. In this case, 110.31, 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 110.31, target 103.48, Stop Loss @ 110.63. Details

The technical summary data is suggesting a short of MGEE if it tests 110.31 with a downside target of 103.48. We should have a stop loss in place at 110.63 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, 110.31, 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 108.6, target 110.31, Stop Loss @ 108.35 Details

If 108.6 begins to break higher, the technical summary data tells us to buy MGEE just slightly over 108.6, with an upside target of 110.31. The data also tells us to set a stop loss @ 108.35 in case the stock turns against the trade. 108.6 is the first level of resistance above 108.16, and by rule, any break above resistance is a buy signal. In this case, 108.6, 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 108.6, target 103.48, Stop Loss @ 108.85. Details

The technical summary data is suggesting a short of MGEE if it tests 108.6 with a downside target of 103.48. We should have a stop loss in place at 108.85 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, 108.6, 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 November 13:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	85.46
P2	108.6	103.48	92.2
P3	111.91	110.31	99.41

AI Generated Signals for MGEE

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Prudent Investment Analysis requires observations of the support and resistance levels for Mge Energy Inc. (NASDAQ: MGEE) too.  These define prudent trading plans.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for MGEE change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if MGEE is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for MGEE too.  All of these are offered below the Summary Table.