When (MGEE) Moves Investors should Listen
December 15, 2024, 19:54 pm ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MGEE
- Buy MGEE near 91.14 target 97.8 stop loss @ 90.88 Details
The technical summary data tells us to buy MGEE near 91.14 with an upside target of 97.8. This data also tells us to set a stop loss @ 90.88 to protect against excessive loss in case the stock begins to move against the trade. 91.14 is the first level of support below 97.75 , and by rule, any test of support is a buy signal. In this case, support 91.14 would be being tested, so a buy signal would exist.
- Short MGEE slightly under 97.8, target 91.14, stop loss @ 98.08 Details
The technical summary data is suggesting a short of MGEE as it gets near 97.8 with a downside target of 91.14. We should have a stop loss in place at 98.08though. 97.8 is the first level of resistance above 97.75, and by rule, any test of resistance is a short signal. In this case, if resistance 97.8 is being tested, so a short signal would exist.
Swing Trading Plans for MGEE
- Buy MGEE slightly over 97.8, target 99.59, Stop Loss @ 97.52 Details
If 97.8 begins to break higher, the technical summary data tells us to buy MGEE just slightly over 97.8, with an upside target of 99.59. The data also tells us to set a stop loss @ 97.52 in case the stock turns against the trade. 97.8 is the first level of resistance above 97.75, and by rule, any break above resistance is a buy signal. In this case, 97.8, 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 97.8, target 96.7, Stop Loss @ 98.08. Details
The technical summary data is suggesting a short of MGEE if it tests 97.8 with a downside target of 96.7. We should have a stop loss in place at 98.08 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, 97.8, 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 97.8, target 99.59, Stop Loss @ 97.57 Details
If 97.8 begins to break higher, the technical summary data tells us to buy MGEE just slightly over 97.8, with an upside target of 99.59. The data also tells us to set a stop loss @ 97.57 in case the stock turns against the trade. 97.8 is the first level of resistance above 97.75, and by rule, any break above resistance is a buy signal. In this case, 97.8, 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 97.8, target 96.7, Stop Loss @ 98.03. Details
The technical summary data is suggesting a short of MGEE if it tests 97.8 with a downside target of 96.7. We should have a stop loss in place at 98.03 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, 97.8, 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 December 15:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
91.14 |
| P2 |
97.76 |
96.7 |
97.8 |
| P3 |
100.07 |
99.59 |
104.92 |
AI Generated Signals for MGEE
Blue = Current Price
Red= Resistance
Green = Support
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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.
Fundamental Charts for MGEE:
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