Technical Analysis for MEGEF - Meg Energy Corp

Grade Last Price % Change Price Change
grade D 3.46 -1.17% -0.0410
MEGEF closed down 1.17 percent on Friday, August 16, 2019, on 2.35 times normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Down Down
See historical MEGEF trend table...

Date Alert Name Type % Chg
180 Bearish Setup Bearish Swing Setup 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Below Lower BB Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Narrow Range Bar Range Contraction -1.17%
Lower Bollinger Band Walk Weakness -1.17%
Stochastic Reached Oversold Weakness -1.17%
Below Lower BB Weakness -1.17%

Older signals for MEGEF ...

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Profile
MEG Energy Corp. (MEG) is a Canadian oil sands company focused on sustainable in situ development and production in the southern Athabasca oil sands region of Alberta. MEG has acquired a large, high quality resource base – one that we believe holds some of the best in situ resources in Alberta. With these resources and a well-formulated strategic growth plan, MEG is positioned to be a strong oil sands player for many years to come.
Economy Of Canada Petroleum Oil Sands Alberta Athabasca Oil Sands Geology Of Canada Athabasca Oil Corporation Fort Mcmurray Canadian Petroleum Companies Oil Sands Region Canadian Oil Sands
Is MEGEF a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Recent News
Indicators
Indicator Value
52 Week High 8.6681
52 Week Low 3.075
Average Volume 11,624
200-Day Moving Average 4.767
50-Day Moving Average 3.8023
20-Day Moving Average 3.8572
10-Day Moving Average 3.7246
Average True Range 0.1509
ADX 13.41
+DI 30.1429
-DI 44.6915
Chandelier Exit (Long, 3 ATRs ) 3.8373
Chandelier Exit (Short, 3 ATRs ) 3.8927
Upper Bollinger Band 4.2443
Lower Bollinger Band 3.4701
Percent B (%b) -0.01
BandWidth 20.071554
MACD Line -0.0928
MACD Signal Line -0.0382
MACD Histogram -0.0545
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.5785
Resistance 3 (R3) 3.5883 3.5587 3.5588
Resistance 2 (R2) 3.5587 3.5285 3.5538 3.5522
Resistance 1 (R1) 3.5093 3.5098 3.4945 3.4995 3.5456
Pivot Point 3.4797 3.4797 3.4723 3.4748 3.4797
Support 1 (S1) 3.4303 3.4495 3.4155 3.4205 3.3744
Support 2 (S2) 3.4007 3.4308 3.3958 3.3678
Support 3 (S3) 3.3513 3.4007 3.3613
Support 4 (S4) 3.3415