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 Dow Theory also indicate a mildly bearish trend across both weekly and monthly time frames. Moving averages are mildly bearish on a daily basis, while the KST presents a mixed view with mildly bullish weekly readings but mildly bearish monthly readings.
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%.