MGE Energy Inc. (NASDAQ:MGEE) Dropped -2.4% – Here’s Why

In its most recent trading session, MGE Energy Inc. (NASDAQ:MGEE) dropped by -2.4% – here is what that looked like (as of 2019-12-24):

Why are these moves happning?? To grasp this action better, We ought to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.045, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.735, an Accumulation/Distribution Index (ADI) of 0.735, an On-Balance Volume (OBV) of 348.859, and a Chaiikin Money Flow (CMF) of 79.82. 0.892

So what do these technical indicators mean? Let’s see. According to Trading View, this is what it all means:

That is what an analysis of technical indicators seems to indicate for MGE Energy Inc. (NASDAQ:MGEE). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.