Is MGE Energy, Inc. technically bullish or bearish?
As of May 21, 2025, the technical trend is mildly bearish due to a bearish MACD and moving averages, despite some bullish signals from the RSI and KST, while Dow Theory shows no trend weekly but remains bullish monthly.
As of 21 May 2025, the technical trend has changed from mildly bullish to mildly bearish. The current technical stance is mildly bearish. Key indicators driving this stance include a bearish MACD on the weekly timeframe and a bearish signal from the daily moving averages. The weekly Bollinger Bands also indicate a mildly bearish outlook. While the weekly RSI is bullish and KST shows mild bullishness, these are overshadowed by the overall bearish signals from the MACD and moving averages. The Dow Theory indicates no trend on the weekly but remains bullish on the monthly, adding some complexity to the analysis.
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