Stock Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
Meg Energy Corp (TSE:MEG)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MEG
The long term trend has been UP since Sep 9th, 2019 at 5.70
The intermediate term trend has been DOWN since Jan 21st, 2020 at 7.17
The short term trend has been UP since Feb 14th, 2020 at 6.98
Smart Scan Analysis for MEG
Based on a pre-defined weighted trend formula for chart analysis, MEG scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||11.7||Year High Date||2018-10-01|
|Year Low||4.28||Year Low Date||2018-03-28|
|52wk High||11.7||52wk High Date||2018-10-01|
|52wk Low||4.28||52wk Low Date||2018-03-28|
|Year End Close||30.44||Average Volume||1,543,136|