MGE ENERGY INC. - Daily - Technical analysis published on 08/01/2019 (GMT)
- Who voted?
- 237
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 72.10 USD
My targets
75.26 USD (+1.50%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MGE ENERGY INC. as long as the price remains well above 72.10 USD. The buyers” bullish objective is set at 75.26 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MGE ENERGY INC. rating 74.15 USD. The price is lower by -0.90% since the last closing and was traded between 74.10 USD and 75.69 USD over the period. The price is currently at +0.07% from its lowest and -2.03% from its highest.74.10
75.69
74.15
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this MGE ENERGY INC. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Three white soldiers
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 65.45 | 68.39 | 72.10 | 74.15 | 75.26 |
| Change (%) | -11.73% | -7.77% | -2.76% | - | +1.50% |
| Change | -8.70 | -5.76 | -2.05 | - | +1.11 |
| Level | Major | Major | Major | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 73.46 | 73.93 | 74.38 | 74.85 | 75.30 | 75.77 | 76.22 |
| Camarilla | 74.57 | 74.65 | 74.74 | 74.82 | 74.90 | 74.99 | 75.07 |
| Woodie | 73.44 | 73.93 | 74.36 | 74.85 | 75.28 | 75.77 | 76.20 |
| Fibonacci | 73.93 | 74.29 | 74.50 | 74.85 | 75.21 | 75.42 | 75.77 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 68.06 | 69.44 | 71.80 | 73.17 | 75.53 | 76.91 | 79.27 |
| Camarilla | 73.13 | 73.48 | 73.82 | 74.16 | 74.50 | 74.85 | 75.19 |
| Woodie | 68.56 | 69.68 | 72.29 | 73.42 | 76.03 | 77.15 | 79.76 |
| Fibonacci | 69.44 | 70.86 | 71.75 | 73.17 | 74.60 | 75.48 | 76.91 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 56.73 | 61.35 | 67.21 | 71.83 | 77.69 | 82.31 | 88.17 |
| Camarilla | 70.20 | 71.16 | 72.12 | 73.08 | 74.04 | 75.00 | 75.96 |
| Woodie | 57.36 | 61.66 | 67.84 | 72.14 | 78.32 | 82.62 | 88.80 |
| Fibonacci | 61.35 | 65.35 | 67.82 | 71.83 | 75.83 | 78.30 | 82.31 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.99 | |
| MACD (12,26,9): | 0.7200 | |
| Directional Movement: | 11.56 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 74.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 71.07 | |
| Elder Ray (13): | 1.17 | |
| Super Trend (3,10): | 70.70 | |
| Zig ZAG (10): | 74.15 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 84.56 | |
| TEMA (21): | 74.29 | |
| Williams %R (14): | -31.56 | |
| Chande Momentum Oscillator (20): | 1.28 | |
| Repulse (5,40,3): | -0.5800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 1.55 |
| MA7: | 73.83 | |
| MA20: | 73.56 | |
| MA50: | 71.55 | |
| MA100: | 69.40 | |
| MAexp7: | 74.05 | |
| MAexp20: | 73.38 | |
| MAexp50: | 71.83 | |
| MAexp100: | 69.88 | |
| Price / MA7: | +0.43% | |
| Price / MA20: | +0.80% | |
| Price / MA50: | +3.63% | |
| Price / MA100: | +6.84% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +1.05% | |
| Price / MAexp50: | +3.23% | |
| Price / MAexp100: | +6.11% |
News
The latest news and videos published on MGE ENERGY INC. at the time of the analysis were as follows:
MGE EnergyThis member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis MGE ENERGY INC. - Daily