MEG Energy Corp (MEG.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:MEG - CA5527041084 - Common Stock
Taking everything into account, MEG scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MEG is showing a nice and steady performance.
Although MEG has an excellent technical rating, it does not offer a high 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
25.02
When analyzing the support we can see 3 important areas.
- A support zone ranging from 29.80 to 30.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 27.93 to 28.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.27 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 30.90 to 30.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for MEG.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MEG.CA is up. |
| ChartMill Relative Strength | 71.27 | POSITIVE | MEG.CA has a high relative strength, it outperformed 71.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MEG.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MEG.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MEG.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.42 | NEUTRAL | The RSI value for MEG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests MEG.CA has a positive trend. |
| Stochastics (14,3) | 85.43 | OVERBOUGHT | The high Stochastics value suggests MEG.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.66 | LOW VOLATILITY | The low ATR as a percentage value for MEG.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 22.55 | NEUTRAL | The ADX value for MEG.CA suggests a possible start of a new trend. |
TSX:MEG (11/14/2025, 7:00:00 PM)
30.89
+0.22 (+0.72%)
MEG Energy Corp / MEG.CA FAQ
What is the technical rating for MEG stock?
ChartMill assigns a technical rating of 9 / 10 to MEG.CA.
What is the current trend direction of MEG Energy Corp (MEG.CA) stock?
The current trend direction for MEG Energy Corp (MEG.CA) is Bullish.
What is the RSI signal for MEG stock?
MEG Energy Corp (MEG.CA) has an RSI value of 65.417. This indicates that the stock is currently neutral.
What is the buy/sell signal for MEG Energy Corp (MEG.CA) stock?
The buy/sell signal for MEG Energy Corp (MEG.CA) is buy as both the short term and long term trends are positive.
What is the support and resistance level for MEG stock?
MEG Energy Corp (MEG.CA) has a support level at 30.22 and a resistance level at 30.9. Check the full technical report for our detailed analysis of MEG.CA support and resistance levels.