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Stock Trend Analysis Report
Prepared for you on Tuesday, April 16, 2024.
MEG ENERGY CORP (NASDAQ:MEGEF)
Sidelines Mode (+55) - MEGEF 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 MEGEF?
MarketClub looks at technical strength and momentum to determine if the timing is right for MEGEF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MEGEF
The long-term trend has been UP since Feb 27th, 2024 at 20.55
The intermediate-term trend has been UP since Feb 22nd, 2024 at 19.65
The short-term trend has been DOWN since Apr 11th, 2024 at 24.17
Smart Scan Analysis for MEGEF
Based on our trend formula, MEGEF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 22.6138 | 22.7500 | 22.4580 | 22.5700 | -0.2375 |
| Prev. Close | Volume | Bid | Ask | Time |
| 22.8075 | 36353 | 2024-04-15 15:52:00 |
| Year High | 9.1029 | Year High Date | 2018-10-01 |
| Year Low | 3.3826 | Year Low Date | 2018-03-28 |
| 52wk High | 24.594 | 52wk High Date | 2024-04-05 |
| 52wk Low | 14.44 | 52wk Low Date | 2023-05-04 |
| Year End Close | 31.21 | Average Volume | 218,346 |
| Shares Outstanding | 191,304 | Assets | 714,600,000M |
| Liabilities | 250,500,000M | P/E Ratio | 8.1195 |
| Volatility | 45.69 |