Technical Analysis for MEG - MEG Energy Corp.

Grade Last Price % Change Price Change
B 21.530 2.67% 0.560
MEG closed up 2.67 percent on Friday, May 26, 2023, on 1.28 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.

Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Crossed Above 50 DMA Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Fell Below 50 DMA Bearish 2.67%
20 DMA Support Bullish 2.67%
Gapped Down Weakness 2.67%
50 DMA Support Bullish 0.14%
Gapped Up Strength 0.14%
Up 3 Days in a Row Strength 0.14%
Up 4 Days in a Row Strength 0.14%
Up 5 Days in a Row Strength 0.14%

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Possible Pocket Pivot 2 days ago
Up 3% 2 days ago
Rose Above Previous Day's High 3 days ago
Rose Above 50 DMA 3 days ago
Up 2% 3 days ago

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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.


Sector: Energy
Industry: Oil & Gas E&P
Keywords: Energy Oil Petroleum Pipe Pipeline Athabasca Extraction Oil Sands Mcmurray Athabasca Oil Sands Fort Mcmurray Connacher Oil And Gas Enhanced Oil Recovery Oil Recovery Oil Sands Region Steam Assisted Gravity Drainage

Is MEG a Buy, Sell or Hold?

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



BlissfulElephant171 2 months ago

Easy swing here to the 23.50+ mark

0 Reply

TraderMike 2 months ago

hmm, maybe.  I don't like the looming 50-day moving average & today's shooting star.  It'll be interesting to see where it goes.

0 Reply

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Indicator Value
52 Week High 24.47
52 Week Low 13.91
Average Volume 2,343,603
200-Day Moving Average 19.686
50-Day Moving Average 21.453
20-Day Moving Average 20.839
10-Day Moving Average 20.731
Average True Range 0.787
RSI (14) 53.49
ADX 16.81
+DI 21.854
-DI 20.649
Chandelier Exit (Long, 3 ATRs) 20.351
Chandelier Exit (Short, 3 ATRs) 21.885
Upper Bollinger Bands 22.211
Lower Bollinger Band 19.466
Percent B (%b) 0.75
BandWidth 13.173
MACD Line -0.176
MACD Signal Line -0.324
MACD Histogram 0.1475
Fundamentals Value
Market Cap 6.44 Billion
Num Shares 299 Million
EPS -0.65
Price-to-Earnings (P/E) Ratio -33.23
Price-to-Sales 0.43
Price-to-Book 0.31
PEG Ratio -0.12
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 22.700
Resistance 3 (R3) 22.617 22.143 22.505
Resistance 2 (R2) 22.143 21.845 22.185 22.440
Resistance 1 (R1) 21.837 21.661 21.990 21.920 22.375
Pivot Point 21.363 21.363 21.440 21.405 21.363
Support 1 (S1) 21.057 21.065 21.210 21.140 20.685
Support 2 (S2) 20.583 20.881 20.625 20.620
Support 3 (S3) 20.277 20.583 20.555
Support 4 (S4) 20.360