Technical Analysis for MEG - MEG Energy Corp.

Grade Last Price % Change Price Change
grade F 4.88 0.00% 0.000
MEG closed unchanged on Tuesday, October 22, 2019, on 1.5 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.

Earnings due: Oct 30

*** please verify all earnings dates ***

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

Date Alert Name Type % Chg
Outside Day Range Expansion 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
Wide Bands Range Expansion 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Down 5 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Stochastic Reached Oversold Weakness -2.20%
Wide Bands Range Expansion -2.20%

Older signals for MEG ...

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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
Summary: Counts: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 10.75
52 Week Low 4.06
Average Volume 2,494,982
200-Day Moving Average 5.4214
50-Day Moving Average 5.3328
20-Day Moving Average 5.3935
10-Day Moving Average 5.057
Average True Range 0.244
ADX 20.18
+DI 16.0884
-DI 31.0057
Chandelier Exit (Long, 3 ATRs ) 5.718
Chandelier Exit (Short, 3 ATRs ) 5.412
Upper Bollinger Band 6.266
Lower Bollinger Band 4.521
Percent B (%b) 0.21
BandWidth 32.353759
MACD Line -0.1739
MACD Signal Line -0.1084
MACD Histogram -0.0655
Fundamentals Value
Market Cap 1.43 Billion
Num Shares 293 Million
EPS -1.21
Price-to-Earnings (P/E) Ratio -4.03
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) 5.345
Resistance 3 (R3) 5.330 5.160 5.268
Resistance 2 (R2) 5.160 5.042 5.168 5.242
Resistance 1 (R1) 5.020 4.968 5.090 5.035 5.216
Pivot Point 4.850 4.850 4.885 4.858 4.850
Support 1 (S1) 4.710 4.732 4.780 4.725 4.544
Support 2 (S2) 4.540 4.658 4.548 4.518
Support 3 (S3) 4.400 4.540 4.493
Support 4 (S4) 4.415