Trading (MGEE) With Integrated Risk Controls
July 03, 2024, 03:00 am ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MGEE
- Buy MGEE slightly over 68.57 target 74.9 stop loss @ 68.37 Details
The technical summary data tells us to buy MGEE near 68.57 with an upside target of 74.9. This data also tells us to set a stop loss @ 68.37 to protect against excessive loss in case the stock begins to move against the trade. 68.57 is the first level of support below 74.22 , and by rule, any test of support is a buy signal. In this case, support 68.57 would be being tested, so a buy signal would exist.
- Short MGEE slightly under 74.9, target 68.57, stop loss @ 75.12 Details
The technical summary data is suggesting a short of MGEE as it gets near 74.9 with a downside target of 68.57. We should have a stop loss in place at 75.12though. 74.9 is the first level of resistance above 74.22, and by rule, any test of resistance is a short signal. In this case, if resistance 74.9 is being tested, so a short signal would exist.
Swing Trading Plans for MGEE
- Buy MGEE slightly over 75.07, target 81.44, Stop Loss @ 74.85 Details
If 75.07 begins to break higher, the technical summary data tells us to buy MGEE just slightly over 75.07, with an upside target of 81.44. The data also tells us to set a stop loss @ 74.85 in case the stock turns against the trade. 75.07 is the first level of resistance above 74.22, and by rule, any break above resistance is a buy signal. In this case, 75.07, 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 75.07, target 73.36, Stop Loss @ 75.29. Details
The technical summary data is suggesting a short of MGEE if it tests 75.07 with a downside target of 73.36. We should have a stop loss in place at 75.29 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, 75.07, 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 75.07, target 81.44, Stop Loss @ 74.89 Details
If 75.07 begins to break higher, the technical summary data tells us to buy MGEE just slightly over 75.07, with an upside target of 81.44. The data also tells us to set a stop loss @ 74.89 in case the stock turns against the trade. 75.07 is the first level of resistance above 74.22, and by rule, any break above resistance is a buy signal. In this case, 75.07, 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 75.07, target 74.03, Stop Loss @ 75.25. Details
The technical summary data is suggesting a short of MGEE if it tests 75.07 with a downside target of 74.03. We should have a stop loss in place at 75.25 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, 75.07, 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 03:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
68.57 |
| P2 |
72.9 |
73.36 |
74.9 |
| P3 |
74.03 |
75.07 |
81.44 |
AI Generated Signals for MGEE
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for MGEE:
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