Is MGE Energy, Inc. technically bullish or bearish?

As of 10 October 2025, the technical trend for MGE Energy, Inc. has changed from bearish to mildly bearish. The current stance is mildly bearish, with key indicators such as the MACD showing bearish on a weekly basis and mildly bearish on a monthly basis. The Bollinger Bands and moving averages also indicate a mildly bearish trend. Although the KST is mildly bullish on a weekly basis, the overall sentiment remains negative due to the prevailing indicators.
In terms of performance, MGE Energy has underperformed the S&P 500 year-to-date, with a return of -9.97% compared to the S&P 500's 11.41%, and over the past year, it has returned -5.65% versus the S&P 500's 13.36%.