MEG Energy Corp (MEG.CA) Technical Analysis
TSX:MEG • CA5527041084
Current stock price
MEG.CA Technical Rating and Analysis
Overall MEG gets a technical rating of 9 out of 10. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, MEG did better than 71% of all other stocks.
- MEG is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so MEG is leading 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.
- MEG is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 54% of 210 stocks in the same industry.
- Volume is considerably higher in the last couple of days.
MEG.CA Weekly and Daily overview Charts
MEG.CA Setup Rating and Analysis
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
MEG.CA Support and Resistance Analysis
25.02
3 important support areas can be observed.
- 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.
MEG.CA Technical Indicator Signal Analysis
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. |
MEG.CA Chart- and CandleStick Pattern Analysis
MEG.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:MEG (11/14/2025, 7:00:00 PM)
30.89
+0.22 (+0.72%)
MEG Energy Corp / MEG.CA TA 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 Energy Corp (MEG.CA) stock?
MEG Energy Corp (MEG.CA) has an RSI value of 65.417. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MEG Energy Corp?
The MACD indicator for MEG Energy Corp (MEG.CA) has a value of 0.0997706, indicating a bearish trend.
What is the buy/sell signal for MEG stock?
The buy/sell signal for MEG Energy Corp (MEG.CA) is buy as both the short term and long term trends are positive.