Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Meg Energy Corp (TSE:MEG)
Bear Market Rally (-75) - MEG is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MEG as it may be in the beginning of a reversal.
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 Jun 3rd, 2024 at 28.10
The intermediate-term trend has been DOWN since Jul 23rd, 2024 at 27.59
The short-term trend has been UP since Jul 26th, 2024 at 27.86
Smart Scan Analysis for MEG
Based on our trend formula, MEG is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 28.050 | 28.050 | 26.880 | 27.905 | +0.405 |
| Prev. Close | Volume | Bid | Ask | Time |
| 27.500 | 1116439 | 2024-07-26 15:59:52 |
| 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 |
| Volatility | 54.3 |