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, driven by the weekly MACD and Dow Theory both indicating bearish signals, while the moving averages also reflect a mildly bearish outlook. The Bollinger Bands confirm this sentiment on both weekly and monthly time frames. Although the KST shows a mildly bullish signal on the weekly, it is countered by the overall bearish indicators.
In terms of performance, MGE Energy has underperformed the S&P 500 across multiple periods, with a year-to-date return of -10.70% compared to the S&P's 11.41%, and a one-year return of -7.30% against the S&P's 13.36%.