When the Price of (MGEE) Talks, People Listen

May 22, 2024, 14:46 pm ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MGEE

• Buy MGEE slightly over 80.18 target n/a stop loss @ 79.95. Details

The technical summary data tells us to buy MGEE near 80.18, 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 79.95 to protect against excessive loss in case the stock begins to move against the trade. 80.18 is the first level of support below 80.2, and by rule, any test of support is a buy signal. In this case, if support 80.18 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 81.04, target 82.4, Stop Loss @ 80.81 Details

If 81.04 begins to break higher, the technical summary data tells us to buy MGEE just slightly over 81.04, with an upside target of 82.4. The data also tells us to set a stop loss @ 80.81 in case the stock turns against the trade. 81.04 is the first level of resistance above 80.2, and by rule, any break above resistance is a buy signal. In this case, 81.04, 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 81.04, target 80.18, Stop Loss @ 81.27. Details

The technical summary data is suggesting a short of MGEE if it tests 81.04 with a downside target of 80.18. We should have a stop loss in place at 81.27 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, 81.04, 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 81.04, target 81.52, Stop Loss @ 80.85 Details

If 81.04 begins to break higher, the technical summary data tells us to buy MGEE just slightly over 81.04, with an upside target of 81.52. The data also tells us to set a stop loss @ 80.85 in case the stock turns against the trade. 81.04 is the first level of resistance above 80.2, and by rule, any break above resistance is a buy signal. In this case, 81.04, 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 81.04, target 80.18, Stop Loss @ 81.23. Details

The technical summary data is suggesting a short of MGEE if it tests 81.04 with a downside target of 80.18. We should have a stop loss in place at 81.23 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, 81.04, 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 May 22:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Neutral
P1	0	0	67.02
P2	81.52	81.04	73.52
P3	82.27	82.4	80.18

AI Generated Signals for MGEE

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Mge Energy Inc. (NASDAQ: MGEE) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for MGEE can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.