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Stock Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Meg Energy Corp (TSE:MEG)

Countertrend Up (+85) - MEG is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid MEG?

MarketClub looks at technical strength and momentum to determine if the timing is right for MEG.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

TSE_MEG
Open High Low MEG Price Change
30.52 30.89 30.35 30.86 +0.23
Entry Signal

MarketClub’s Trade Triangles for MEG

long term up The long-term trend has been UP since Feb 29th, 2024 at 28.235

intermediate term up The intermediate-term trend has been UP since Jan 15th, 2024 at 24.600

short term down The short-term trend has been DOWN since Mar 27th, 2024 at 30.440

Smart Scan Analysis for MEG

Based on our trend formula, MEG is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for MEG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
30.52 30.89 30.35 30.86 +0.23
Prev. Close Volume Bid Ask Time
30.85 1358661 2024-03-27 15:58:11
Year High11.7Year High Date2018-10-01
Year Low4.28Year Low Date2018-03-28
52wk High11.752wk High Date2018-10-01
52wk Low4.2852wk Low Date2018-03-28
Year End Close30.44Average Volume1,543,136
Volatility54.3
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