Technical Analysis for MEG - MEG Energy Corp.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Stochastic Reached Oversold | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| 180 Bearish Setup | Bearish Swing Setup | 0.76% | |
| Down 3 Days in a Row | Weakness | 0.76% | |
| Down 4 Days in a Row | Weakness | 0.76% | |
| Down 5 Days in a Row | Weakness | 0.76% | |
| Hammer Candlestick | Bullish | -0.39% | |
| Lizard Bullish | Bullish Day Trade Setup | -0.39% | |
| Down 3 Days in a Row | Weakness | -0.39% | |
| Down 4 Days in a Row | Weakness | -0.39% |
| Alert | Time |
|---|---|
| Possible NR7 | 2 days ago |
| Up 1% | 2 days ago |
| Lower Bollinger Band Support | 2 days ago |
| Bearish 180 Entry | 2 days ago |
| Fell Below Previous Day's Low | 2 days ago |
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- Earnings date: 2024-05-06
MEG Energy Corp. Description
MEG Energy Corp (MEG) is a Canada-based oil sands company. It is focused on sustainable in situ oil sands development and production in the southern Athabasca oil sands region of Alberta, Canada. MEG is engaged in developing enhanced oil recovery projects that utilize steam-assisted gravity drainage (SAGD) extraction methods. The Company has the following commercial SAGD projects: the Christina Lake Project and the Surmont Project. The Christina Lake Project is situated on over 80 square miles of oil sands leases in the southern Athabasca oil sands region of Alberta. MEG owns working interest in the oil sands leases associated with the Christina Lake Project. The Surmont Project comprises over 30 square miles of lands in the southern Athabasca oil sands region of Alberta. The Surmont Project is located approximately 50 miles south of Fort McMurray. MEG owns working interest in the oil sands leases associated with the Surmont Project. MEG also holds interest in the Access Pipeline.
Classification
Sector: Energy
Industry: Oil & Gas E&P
Keywords: Energy Oil Petroleum Pipe Pipeline Athabasca Extraction Oil Sands Athabasca Oil Sands Mcmurray Fort Mcmurray Connacher Oil And Gas Enhanced Oil Recovery Oil Recovery Oil Sands Region Steam Assisted Gravity Drainage
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 33.7 |
| 52 Week Low | 19.41 |
| Average Volume | 1,556,334 |
| 200-Day Moving Average | 26.783 |
| 50-Day Moving Average | 31.225 |
| 20-Day Moving Average | 31.266 |
| 10-Day Moving Average | 31.069 |
| Average True Range | 0.792 |
| RSI (14) | 43.50 |
| ADX | 18.54 |
| +DI | 16.842 |
| -DI | 23.304 |
| Chandelier Exit (Long, 3 ATRs) | 30.154 |
| Chandelier Exit (Short, 3 ATRs) | 32.386 |
| Upper Bollinger Bands | 32.544 |
| Lower Bollinger Band | 29.987 |
| Percent B (%b) | 0.21 |
| BandWidth | 8.178 |
| MACD Line | -0.160 |
| MACD Signal Line | -0.004 |
| MACD Histogram | -0.1562 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 31.488 | ||||
| Resistance 3 (R3) | 31.437 | 31.063 | 31.326 | ||
| Resistance 2 (R2) | 31.063 | 30.817 | 31.089 | 31.272 | |
| Resistance 1 (R1) | 30.792 | 30.665 | 30.928 | 30.843 | 31.219 |
| Pivot Point | 30.418 | 30.418 | 30.486 | 30.444 | 30.418 |
| Support 1 (S1) | 30.147 | 30.172 | 30.283 | 30.198 | 29.821 |
| Support 2 (S2) | 29.773 | 30.020 | 29.799 | 29.768 | |
| Support 3 (S3) | 29.502 | 29.773 | 29.714 | ||
| Support 4 (S4) | 29.553 |
