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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.

Open High Low MEG Price Change
6.91 7.01 6.83 6.92 +0.04
Entry Signal

MarketClub’s Trade Triangles for MEG

long term up The long term trend has been UP since Sep 9th, 2019 at 5.70

intermediate term down The intermediate term trend has been DOWN since Jan 21st, 2020 at 7.17

short term up 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).

Smart Scan Analysis for MEG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.91 7.01 6.83 6.92 +0.04
Prev. Close Volume Bid Ask Time
7.88 1858639 2020-02-14 15:59:51
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
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