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Stock Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
MEG ENERGY CORP (NASDAQ:MEGEF)
Long-Term Downtrend (-90) - MEGEF is in a strong downtrend that is likely to continue. While MEGEF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Jun 3rd, 2024 at 20.720
The intermediate-term trend has been DOWN since Oct 24th, 2024 at 18.355
The short-term trend has been DOWN since Oct 15th, 2024 at 19.840
Smart Scan Analysis for MEGEF
Based on our trend formula, MEGEF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 18.6520 | 18.8460 | 18.5525 | 18.7800 | +0.2600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 18.7800 | 24764 | 2024-10-25 15:41:00 |
| 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 | 16.73 | 52wk Low Date | 2024-09-05 |
| Year End Close | 31.21 | Average Volume | 74,893 |
| Shares Outstanding | 191,304 | Assets | 688,200,000M |
| Liabilities | 230,200,000M | P/E Ratio | 12.1443 |
| Volatility | 45.69 |