Stock Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
MEG ENERGY CORP (NASDAQ:MEGEF)
Strong Downtrend (-100) - MEGEF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MEGEF continues to fall. 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.
MarketClub’s Trade Triangles for MEGEF
The long-term trend has been DOWN since Jul 5th, 2022 at 12.75
The intermediate-term trend has been DOWN since Jun 16th, 2022 at 16.04
The short-term trend has been DOWN since Aug 15th, 2022 at 12.62
Smart Scan Analysis for MEGEF
Based on our trend formula, MEGEF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||9.1029||Year High Date||2018-10-01|
|Year Low||3.3826||Year Low Date||2018-03-28|
|52wk High||19.9||52wk High Date||2022-06-08|
|52wk Low||5.23||52wk Low Date||2021-08-19|
|Year End Close||31.21||Average Volume||134,857|