Technical Analysis for MEG - MEG Energy Corp.

Grade Last Price % Change Price Change
grade D 3.66 4.57% 0.160
MEG closed up 4.57 percent on Tuesday, July 14, 2020, on 80 percent of normal volume. It was able to find support at its 50 day moving average.
Earnings due: Jul 22
*** please verify all earnings dates ***

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Down
Historical MEG trend table...

Date Alert Name Type % Chg
50 DMA Support Bullish 0.00%
Bullish Engulfing Bullish 0.00%
Expansion Pivot Buy Setup Bullish Swing Setup 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
BB Squeeze + Lower Band Touch Range Contraction 0.00%
Outside Day Range Expansion 0.00%
Lower Bollinger Band Touch Weakness 0.00%
50 DMA Support Bullish 4.57%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 4.57%

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Profile

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.
Petroleum Oil Sands Athabasca Athabasca Oil Sands Oil Sands Region Steam Assisted Gravity Drainage Connacher Oil And Gas Fort Mcmurray Oil Sands Development

Is MEG 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 8.07
52 Week Low 1.13
Average Volume 3,952,040
200-Day Moving Average 4.808
50-Day Moving Average 3.511
20-Day Moving Average 3.704
10-Day Moving Average 3.733
Average True Range 0.238
ADX 13.09
+DI 19.260
-DI 25.019
Chandelier Exit (Long, 3 ATRs ) 3.265
Chandelier Exit (Short, 3 ATRs ) 4.075
Upper Bollinger Band 3.925
Lower Bollinger Band 3.482
Percent B (%b) 0.4
BandWidth 11.945
MACD Line 0.028
MACD Signal Line 0.066
MACD Histogram -0.0376
Fundamentals Value
Market Cap 1.07 Billion
Num Shares 293 Million
EPS -1.21
Price-to-Earnings (P/E) Ratio -3.02
Price-to-Sales 0.71
Price-to-Book 0.40
PEG Ratio -0.13
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 4.170
Resistance 3 (R3) 4.127 3.913 4.085
Resistance 2 (R2) 3.913 3.783 3.935 4.057
Resistance 1 (R1) 3.787 3.703 3.850 3.830 4.028
Pivot Point 3.573 3.573 3.605 3.595 3.573
Support 1 (S1) 3.447 3.443 3.510 3.490 3.292
Support 2 (S2) 3.233 3.363 3.255 3.263
Support 3 (S3) 3.107 3.233 3.235
Support 4 (S4) 3.150