Stock Trend Analysis Report
Prepared for you on Tuesday, May 30, 2023.
Montrose Environmental Group, Inc. (NYSE:MEG)
Sidelines Mode (-55) - MEG 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 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.
MarketClub’s Trade Triangles for MEG
The long-term trend has been DOWN since Mar 1st, 2023 at 41.195
The intermediate-term trend has been UP since May 10th, 2023 at 33.580
The short-term trend has been DOWN since May 22nd, 2023 at 36.525
Smart Scan Analysis for MEG
Based on our trend formula, MEG is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||55||52wk High Date||2023-02-02|
|52wk Low||28.36||52wk Low Date||2022-06-16|
|Average Volume||180,440||Shares Outstanding||30,078|