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Stock Trend Analysis Report

Prepared for you on Monday, January 30, 2023.

Meg Energy Corp (TSE:MEG)

Long-Term Uptrend (+90) - MEG is in a strong uptrend that is likely to continue. While MEG is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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.

TSE_MEG
Open High Low MEG Price Change
21.33 22.07 21.30 21.52 -0.21
Entry Signal

MarketClub’s Trade Triangles for MEG

long term up The long-term trend has been UP since Oct 26th, 2022 at 19.98

intermediate term up The intermediate-term trend has been UP since Jan 12th, 2023 at 18.89

short term up The short-term trend has been UP since Jan 26th, 2023 at 20.79

Smart Scan Analysis for MEG

Based on our trend formula, MEG is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for MEG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.33 22.07 21.30 21.52 -0.21
Prev. Close Volume Bid Ask Time
20.69 2899387 2023-01-30 15:59:50
Year High11.7Year High Date2018-10-01
Year Low4.28Year Low Date2018-03-28
52wk High11.752wk High Date2018-10-01
52wk Low4.2852wk Low Date2018-03-28
Year End Close30.44Average Volume1,543,136
Volatility54.3
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