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Stock Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.


Sidelines Mode (+55) - MGEE is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid MGEE?

MarketClub looks at technical strength and momentum to determine if the timing is right for MGEE.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low MGEE Price Change
76.03 76.99 75.36 75.95 -0.21
Entry Signal

MarketClub’s Trade Triangles for MGEE

long term up The long-term trend has been UP since Mar 5th, 2024 at 75.723

intermediate term down The intermediate-term trend has been DOWN since May 24th, 2024 at 77.670

short term up The short-term trend has been UP since Jun 18th, 2024 at 76.960

Smart Scan Analysis for MGEE

Based on our trend formula, MGEE is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for MGEE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
76.03 76.99 75.36 75.95 -0.21
Prev. Close Volume Bid Ask Time
76.16 78628 2024-06-20 15:58:50
Year High68.05Year High Date2018-09-18
Year Low51.05Year Low Date2018-03-05
52wk High83.2752wk High Date2023-07-21
52wk Low61.9452wk Low Date2024-03-01
Year End Close50.95Average Volume125,663
Shares Outstanding36,176Short Interest661,588
% Institutional30.6Market Cap2,596M
P/E Ratio22.9398Beta0.39
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