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.
MarketClub’s Trade Triangles for MEG
The long-term trend has been DOWN since Mar 9th, 2020 at 5.37
The intermediate-term trend has been UP since Jul 21st, 2020 at 3.97
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).
|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|