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Stock Trend Analysis Report

Prepared for you on Saturday, September 23, 2023.

MEG ENERGY CORP (NASDAQ:MEGEF)

Sidelines Mode (+55) - MEGEF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
18.5000 18.5286 18.0300 18.1200 -0.1270
Entry Signal

MarketClub’s Trade Triangles for MEGEF

long term up The long-term trend has been UP since Nov 1st, 2022 at 15.350

intermediate term up The intermediate-term trend has been UP since Sep 1st, 2023 at 18.156

short term down The short-term trend has been DOWN since Sep 19th, 2023 at 19.100

Smart Scan Analysis for MEGEF

Based on our trend formula, MEGEF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for MEGEF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.5000 18.5286 18.0300 18.1200 -0.1270
Prev. Close Volume Bid Ask Time
18.1200 16622 2023-09-22 15:44:00
Year High9.1029Year High Date2018-10-01
Year Low3.3826Year Low Date2018-03-28
52wk High19.552wk High Date2023-09-19
52wk Low10.10395452wk Low Date2022-09-26
Year End Close31.21Average Volume98,840
Shares Outstanding191,304Assets703,300,000M
Liabilities265,000,000MP/E Ratio8.4516
Volatility45.69
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