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Stock Trend Analysis Report

Prepared for you on Friday, August 7, 2020.

Meg Energy Corp (TSE:MEG)

Crossroads (+60) - MEG is struggling to move into a solid trend. Beware of choppy markets 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.

TSE_MEG
Open High Low MEG Price Change
3.95 4.04 3.90 3.96 +0.01
Entry Signal

MarketClub’s Trade Triangles for MEG

long term down The long-term trend has been DOWN since Mar 9th, 2020 at 5.37

intermediate term up The intermediate-term trend has been UP since Jul 21st, 2020 at 3.97

short term up The short-term trend has been UP since Aug 5th, 2020 at 3.83

Smart Scan Analysis for MEG

Based on our trend formula, MEG is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for MEG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.95 4.04 3.90 3.96 +0.01
Prev. Close Volume Bid Ask Time
3.69 766508 2020-08-07 14:09:15
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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