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MEG ENERGY CORP (MEG.CA) Stock Technical Analysis

TSX:MEG - Toronto Stock Exchange - CA5527041084 - Common Stock - Currency: CAD

23.02  0 (0%)

Technical Rating and Analysis

0

We assign a technical rating of 0 out of 10 to MEG. 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 negative, as is the long term trend. There should be more interesting stocks out there.
76% 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 22.63 - 25.67 range, which is quite wide. It is currently trading near the lows of this range.
MEG has an average volume of 2053300 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 40% of them.
Weekly and Daily overview Charts
MEG ENERGY CORP / MEG Weekly stock chart
MEG ENERGY CORP / MEG Daily stock chart
Setup Rating and Analysis

8

Although the technical rating is bad, MEG does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 22.43, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

21.96

28.17

We found 1 important support area.

  • 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.

We can see 5 important resistance areas.

  • Resistance @23.23 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 23.61 to 24.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 25.08 to 25.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @25.90 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.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.32
Mansfield-2.26
10 Day High24.53
10 Day Low22.63
20 Day High25.67
20 Day Low22.63
52 Week High33.7
52 Week Low22.02
Performance
1 Week-3.4%
2 Weeks-2.29%
1 Month-8.29%
3 Month-11.9%
6 Month-14.33%
12 Month-3.76%
2 Year6.77%
3 Year39.09%
5 Year272.49%
10 Year10.09%
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)-0.07
RSI(14)43.39
LBB22.89
UBB24.47
MEG ENERGY CORP / MEG Daily stock chart

MEG ENERGY CORP

TSX:MEG (2/7/2025, 7:00:00 PM)

23.02

0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0%
1 Week-3.4%
2 Weeks-2.29%
1 Month-8.29%
3 Month-11.9%
6 Month-14.33%
12 Month-3.76%
2 Year6.77%
3 Year39.09%
5 Year272.49%
10 Year10.09%
15 YearN/A
Volatility
ATR(14)0.9
ATR(20)%4.13%
ATR Inc9.15%
Range Today0.55
ADR(20)0.91
ADR(20)%3.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.32
Mansfield-2.26
10 Day High24.53
10 Day Low22.63
20 Day High25.67
20 Day Low22.63
52 Week High33.7
52 Week Low22.02
CS1 End22.43
CR1 Start23.23
Volume & EV
DER(3)-8.08%
DER(5)-4.32%
Volume1.56M
Volume Incr8.03%
Vol(5)2.57M
Vol(50)2.05M