Stock Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Meg Energy Corp (TSE:MEG)
Sidelines Mode (-55) - MEG is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since Nov 7th, 2023 at 26.51
The short-term trend has been UP since Nov 30th, 2023 at 26.05
Smart Scan Analysis for MEG
Based on our trend formula, MEG is rated as a -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|