MEG ENERGY CORP (MEG.CA) Stock Technical Analysis
TSX:MEG - Toronto Stock Exchange - CA5527041084 - Common Stock - Currency: CAD
Taking everything into account, MEG scores 1 out of 10 in our technical rating. 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.
79% 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. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
MEG has an average volume of 2704180 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 219 other stocks in this industry, MEG did better than 44% of them.
In the last month MEG has a been trading in the 19.77 - 24.42 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
The technical rating of MEG is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
21.85
28.11
We found 1 important support area.
- A support zone ranging from 22.07 to 22.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 23.40 to 23.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @24.20 from a horizontal line in the daily time frame.
- A resistance zone ranging from 25.08 to 25.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @27.83 from a horizontal line 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
CRS21.06
Mansfield-1.81
10 Day High23.22
10 Day Low19.77
20 Day High24.42
20 Day Low19.77
52 Week High33.7
52 Week Low19.77
Performance
1 Week1.11%
2 Weeks0.49%
1 Month-1.09%
3 Month-4.33%
6 Month-6.18%
12 Month-21.24%
2 Year4.88%
3 Year33.39%
5 Year1263.47%
10 Year11.29%
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)-0.06
RSI(14)50.04
LBB20.5
UBB24.42
TSX:MEG (3/7/2025, 7:00:00 PM)
22.77
+0.86 (+3.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg3.93%
1 Week1.11%
2 Weeks0.49%
1 Month-1.09%
3 Month-4.33%
6 Month-6.18%
12 Month-21.24%
2 Year4.88%
3 Year33.39%
5 Year1263.47%
10 Year11.29%
15 YearN/A
Volatility
ATR(14)1.01
ATR(20)%4%
ATR Inc7.57%
Range Today0.93
ADR(20)0.88
ADR(20)%3.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.06
Mansfield-1.81
10 Day High23.22
10 Day Low19.77
20 Day High24.42
20 Day Low19.77
52 Week High33.7
52 Week Low19.77
CS1 End22.73
CR1 Start23.4
Volume & EV
DER(3)3.5%
DER(5)3.34%
Volume2.99M
Volume Incr42.89%
Vol(5)4.31M
Vol(50)2.70M