MEG ENERGY CORP (MEG.CA) Stock Technical Analysis
TSX:MEG - Toronto Stock Exchange - CA5527041084 - Common Stock - Currency: CAD
Overall MEG gets a technical rating of 0 out of 10. MEG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
73% of all other stocks performed better in the past year than MEG.
MEG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month MEG has a been trading in the 22.89 - 25.89 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
MEG has an average volume of 2116580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MEG is part of the Oil, Gas & Consumable Fuels industry. There are 214 other stocks in this industry, MEG did better than 43% of them.
MEG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 23.93. Right above this resistance zone may be a good entry point.
More info and screens
21.96
28.17
When analyzing the support we can see 3 important areas.
- A support zone ranging from 23.63 to 23.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @23.23 from a horizontal line in the daily time frame.
- A support zone ranging from 22.18 to 22.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 23.93 to 25.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @25.95 from a trend line in the daily time frame.
- A resistance zone ranging from 27.83 to 27.89. This zone is formed by a combination of multiple trend lines in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.32
Mansfield-2.04
10 Day High24.53
10 Day Low22.98
20 Day High25.89
20 Day Low22.89
52 Week High33.7
52 Week Low22.02
Performance
1 Week-1.57%
2 Weeks-1.2%
1 Month-1.81%
3 Month-8.84%
6 Month-11.35%
12 Month-0.42%
2 Year10.48%
3 Year43.93%
5 Year285.44%
10 Year13.92%
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.02
RSI(14)49.35
LBB22.98
UBB24.76
MEG ENERGY CORP
TSX:MEG (2/5/2025, 7:00:00 PM)
23.82
-0.36 (-1.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.49%
1 Week-1.57%
2 Weeks-1.2%
1 Month-1.81%
3 Month-8.84%
6 Month-11.35%
12 Month-0.42%
2 Year10.48%
3 Year43.93%
5 Year285.44%
10 Year13.92%
15 YearN/A
Volatility
ATR(14)0.92
ATR(20)%3.93%
ATR Inc11.29%
Range Today0.6
ADR(20)0.87
ADR(20)%3.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.32
Mansfield-2.04
10 Day High24.53
10 Day Low22.98
20 Day High25.89
20 Day Low22.89
52 Week High33.7
52 Week Low22.02
CS1 End23.74
CR1 Start23.93
Volume & EV
DER(3)0.89%
DER(5)2.58%
Volume1.53M
Volume Incr17.38%
Vol(5)2.72M
Vol(50)2.12M