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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
MEG ENERGY CORP (NASDAQ:MEGEF)
Bull Market Weakness (+75) - MEGEF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MEGEF as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MEGEF?
MarketClub looks at technical strength and momentum to determine if the timing is right for MEGEF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MEGEF
The long-term trend has been UP since Feb 27th, 2024 at 20.550
The intermediate-term trend has been DOWN since May 1st, 2024 at 22.458
The short-term trend has been UP since May 6th, 2024 at 22.660
Smart Scan Analysis for MEGEF
Based on our trend formula, MEGEF is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 22.75 | 23.16 | 22.71 | 23.12 | +0.12 |
| Prev. Close | Volume | Bid | Ask | Time |
| 23.12 | 84320 | 2024-05-08 15:59:00 |
| Year High | 9.1029 | Year High Date | 2018-10-01 |
| Year Low | 3.3826 | Year Low Date | 2018-03-28 |
| 52wk High | 24.594 | 52wk High Date | 2024-04-05 |
| 52wk Low | 14.73 | 52wk Low Date | 2023-06-23 |
| Year End Close | 31.21 | Average Volume | 133,801 |
| Shares Outstanding | 191,304 | Assets | 674,200,000M |
| Liabilities | 223,100,000M | P/E Ratio | 8.1195 |
| Volatility | 45.69 |