Technical Analysis for MEGEF - Meg Energy Corp

Grade Last Price % Change Price Change
A 16.42 2.82% 0.4500
MEGEF closed up 2.82 percent on Monday, May 23, 2022, on 30 percent of normal volume.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
Up 3 Days in a Row Strength 0.00%
MACD Bullish Signal Line Cross Bullish 2.82%
Narrow Range Bar Range Contraction 2.82%
20 DMA Support Bullish 3.79%
180 Bullish Setup Bullish Swing Setup 3.79%
Outside Day Range Expansion 3.79%
Bearish Engulfing Bearish 7.53%
Outside Day Range Expansion 7.53%
Narrow Range Bar Range Contraction 3.73%

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Alert Time
20 DMA Support 4 days ago
10 DMA Support 4 days ago
Up 3% 4 days ago
Down 1% 4 days ago
Up 2% 4 days ago

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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.
Classification

Sector: Energy
Industry: Oil & Gas E&P
Keywords: Economy Of Canada Petroleum Oil Sands Athabasca Oil Sand Alberta Athabasca Oil Sands Athabasca Oil Corporation Fort Mcmurray Geology Of Canada Canadian Petroleum Companies Oil Sands Region Canadian Oil Sands Meg Energy

Is MEGEF a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 17.71
52 Week Low 5.23
Average Volume 186,119
200-Day Moving Average 10.6066
50-Day Moving Average 14.6694
20-Day Moving Average 15.3782
10-Day Moving Average 15.2870
Average True Range 0.9003
RSI 59.51
ADX 12.6
+DI 30.7458
-DI 25.3316
Chandelier Exit (Long, 3 ATRs) 15.0091
Chandelier Exit (Short, 3 ATRs) 15.5949
Upper Bollinger Bands 17.1694
Lower Bollinger Band 13.5870
Percent B (%b) 0.79
BandWidth 23.2953
MACD Line 0.3554
MACD Signal Line 0.2918
MACD Histogram 0.0636
Fundamentals Value
Market Cap 4.91 Billion
Num Shares 299 Million
EPS 0.14
Price-to-Earnings (P/E) Ratio 116.45
Price-to-Sales 0.42
Price-to-Book 0.30
PEG Ratio 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 16.9450
Resistance 3 (R3) 16.8933 16.6667 16.8575
Resistance 2 (R2) 16.6667 16.5330 16.6925 16.8283
Resistance 1 (R1) 16.5433 16.4504 16.6050 16.5950 16.7992
Pivot Point 16.3167 16.3167 16.3475 16.3425 16.3167
Support 1 (S1) 16.1933 16.1830 16.2550 16.2450 16.0408
Support 2 (S2) 15.9667 16.1004 15.9925 16.0117
Support 3 (S3) 15.8433 15.9667 15.9825
Support 4 (S4) 15.8950