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.
MarketClub’s Trade Triangles for MEG
The long-term trend has been UP since Oct 26th, 2022 at 19.98
The intermediate-term trend has been UP since Jan 12th, 2023 at 18.89
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).
|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|