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Stock Trend Analysis Report

Prepared for you on Sunday, July 14, 2024.

MEG ENERGY CORP (NASDAQ:MEGEF)

Bear Market Rally (-75) - MEGEF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MEGEF as it may be in the beginning 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.

NASDAQ_MEGEF
Open High Low MEGEF Price Change
20.970 21.023 20.800 20.880 +0.180
Entry Signal

MarketClub’s Trade Triangles for MEGEF

long term down The long-term trend has been DOWN since Jun 3rd, 2024 at 20.72

intermediate term up The intermediate-term trend has been UP since Jun 26th, 2024 at 21.37

short term down The short-term trend has been DOWN since Jul 5th, 2024 at 21.37

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).

-75
Smart Scan Analysis for MEGEF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.970 21.023 20.800 20.880 +0.180
Prev. Close Volume Bid Ask Time
20.880 25083 2024-07-12 15:59:00
Year High9.1029Year High Date2018-10-01
Year Low3.3826Year Low Date2018-03-28
52wk High24.59452wk High Date2024-04-05
52wk Low16.1152wk Low Date2023-07-18
Year End Close31.21Average Volume112,387
Shares Outstanding191,304Assets674,200,000M
Liabilities223,100,000MP/E Ratio8.1195
Volatility45.69
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