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Stock Trend Analysis Report

Prepared for you on Wednesday, June 19, 2024.

Meg Energy Corp (TSE:MEG)

Strong Downtrend (-100) - MEG is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MEG continues to fall. Traders should use caution and set stops.

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
27.880 28.345 27.670 28.035 +0.185
Entry Signal

MarketClub’s Trade Triangles for MEG

long term down The long-term trend has been DOWN since Jun 3rd, 2024 at 28.10

intermediate term down The intermediate-term trend has been DOWN since Apr 22nd, 2024 at 30.70

short term down The short-term trend has been DOWN since Jun 13th, 2024 at 28.13

Smart Scan Analysis for MEG

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

-100
Smart Scan Analysis for MEG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
27.880 28.345 27.670 28.035 +0.185
Prev. Close Volume Bid Ask Time
28.030 1698734 2024-06-18 15:59:16
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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