MEG Energy Corp (MEG.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:MEG - CA5527041084 - Common Stock
Overall MEG gets a technical rating of 9 out of 10. Both in the recent history as in the last year, MEG has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that MEG is one of the better performing stocks in the market, outperforming 71% of all stocks.
- MEG is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 74% of 206 stocks in the same industry.
- MEG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month MEG has a been trading in the 28.70 - 31.09 range, which is quite wide. It is currently trading near the high of this range.
- MEG has an average volume of 1491900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
Although MEG has an excellent technical rating, it does not present a decent entry opportunity 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.
Can you provide the trend direction for MEG Energy Corp?
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 MACD signal for MEG Energy Corp (MEG.CA) stock?
The MACD indicator for MEG Energy Corp (MEG.CA) has a value of 0.0997706, indicating a bearish trend.
What is the short term momentum for MEG Energy Corp (MEG.CA) stock?
The short term momentum for MEG Energy Corp (MEG.CA) is positive.