Technical analysis from Meg Energy Corp (MEG.TO.TO, TSE:MEG.TO) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

Meg Energy Corp
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Closing price for MEG ($10.22) signals buyers are now keener than sellers
Close Tod Vs Close Yest /
Closing price for MEG ($10.22) signals buyers are now keener than sellers

MEG: Recent performance signals ->(1) 22 Jun: BULLISH (2) 21 Jun: NEUTRAL (3) 20 Jun: BULLISH

Stochastic Oscillator for MEG is still above the Overbought limit signalling a bearish movement
Stochastic Oscillator /
Stochastic Oscillator for MEG is still above the Overbought limit signalling a bearish movement

[BEARISH]: Meg Energy Corp is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Elders Force Index /
Recent trading highlights continued buying pressure is present for MEG

[BULLISH]: Meg Energy Corp current price has highlighted recent buying pressure. Currently, the Elders Force Index is 297965.

Daily Volume Index /
Market conditions are indicating DVI accumulation is current for MEG

[BULLISH]: Meg Energy Corp current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 10155.

Coles Reaction Day /
[Bullish]: A higher high has been achieved for Meg Energy Corp

Meg Energy Corp: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for MEG

On Balance Volume /
MEG: Current trading activity signals OBV accumulation is active

[BULLISH]: Meg Energy Corp current price has highlighted recent accumulation. Currently, the OBV is 2.53994e+007.

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Open Tod Vs Close Tod /
MEG: Over the last month there has been 1 trading days with the opening price in the lower price range & the closing the price in the middle price range

MEG: Open today versus close yesterday Recent Trading ->(1) 22 Jun: 2.8% (2) 21 Jun: 60% (3) 20 Jun: 18.2%

Low Price /
Meg Energy Corp: Daily low performance is 4.8 % [Uptrend]

[BEARISH]: Meg Energy Corp current uptrend in the first timeframe. Currently, the Low is $10.09 (4.8 %).

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MACD for Meg Energy Corp continues to lose momentum @-0.0117
MACD /
MACD for Meg Energy Corp continues to lose momentum @-0.0117

MEG: MACD Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH

Meg Energy Corp currently has positive PPO 5.031
Percentage Price /
Meg Energy Corp currently has positive PPO 5.031

[BULLISH]: Meg Energy Corp currently has positive PPO 5.031%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Exponential Moving Average /
MEG: Price has moved above the EMA(5) @$9.9233

[BULLISH]: Meg Energy Corp currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 4.8%.

Commodity Channel Index /
The CCI indicator for Meg Energy Corp has risen above the overbought limit

[BEARISH CROSSOVER]: Meg Energy Corp current price has driven Commodity Channel Index to become overbought signalling the start of bearish trading conditions. Currently, the CCI is 148. During the quarter, the highest CCI value was 214. The last overbought signal occurred on Jun 21 2018

Sine Weighted Moving Average /
Sine Weighted Moving Average(5) signal is confirmed for Meg Energy Corp indicating upward price movement is likely

[BULLISH]: Meg Energy Corp currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 4.8%.

Meg Energy Corp currently has positive rate of change for 19.532
Rate of Change /
Meg Energy Corp currently has positive rate of change for 19.532

[BULLISH]: Meg Energy Corp currently has positive rate of change of 19.532%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Meg Energy Corp has broken the first resistance point ($10.416) [Bullish]
Pivot Points /
Meg Energy Corp has broken the first resistance point ($10.416) [Bullish]

Meg Energy Corp has broken the first resistance point ($10.416) [Bullish]. Look for a long limit order entry near this point. Exit price for MEG should be set @$10.613 & Stoploss for Meg Energy Corp should be set between $9.893 & $9.696

Average True Range /
MEG: Average True Range has confirmed an uptrend @0.504

[Bullish]: Average True Range has confirmed an uptrend is present. Meg Energy Corp has a TR of 0.7, and an ATR(14) of 0.504.

Aroon Oscillator /
Meg Energy Corp: ARO(76) has signalled a strong uptrend is current

[BULLISH]: Meg Energy Corp has a current ARO(25) of 76. This has change 32 points from yesterday.

Price Range /
Meg Energy Corp: Range ($0.36)

[BEARISH]: Meg Energy Corp current downtrend in the first timeframe. Currently, the Range is $0.36.

Meg Energy Corp was easily moved upward on low volume in recent trading [Bullish]
Ease of Movement /
Meg Energy Corp was easily moved upward on low volume in recent trading [Bullish]

MEG: EOM Current Signal -> (1) 22 Jun: BULLISH EASY (2) 21 Jun: BEARISH HARD (3) 20 Jun: BULLISH EASY

A short term Gap Up has formed with Meg Energy Corp
Gap Up /
A short term Gap Up has formed with Meg Energy Corp

[BEARISH]: A short term Gap Up has formed with Meg Energy Corp which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 14 occurrences of this bar reversal giving a signal probability of 5.3%.

Meg Energy Corp: Open Window
Open Window /
Meg Energy Corp: Open Window

[BULLISH]: Meg Energy Corp has Gapped Up on previous bar.

Percentage Volume /
Volume for Meg Energy Corp continues to lose momentum @-0.06)

[BEARISH]: Meg Energy Corp currently has negative PVO -0.06%. The recent volume is losing momentum through a fall on the short term exponential moving average.

High Price /
Strong price performance from MEG has seen a higher high of 4.2 % [Uptrend]

MEG: HIGH Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BEARISH (3) 20 Jun: BULLISH

Momentum /
Momentum continues to rise for Meg Energy Corp signalling an uptrend will persist

[BULLISH]: Meg Energy Corp currently has positive momentum of 0.68. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 4.8%. The largest upward momentum rally for the last 3 months is 18 days producing a return of 35%.

Simple Moving Average /
The SMA trend following signal is still current for Meg Energy Corp [Bullish]

MEG: SMA(5) Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH (3) 20 Jun: BULLISH CROSSOVER

Weighted Moving Average(5) signal is confirmed for Meg Energy Corp indicating upward price movement is likely
Weighted Moving Average /
Weighted Moving Average(5) signal is confirmed for Meg Energy Corp indicating upward price movement is likely

MEG: WMA Recent Trading -> (1) 22 Jun: 9.9630 (2) 21 Jun: 9.8050 (3) 20 Jun: 9.7930

[Bullish]: Meg Energy Corp has opened 2.3 % stronger
Opening Price /
[Bullish]: Meg Energy Corp has opened 2.3 % stronger

[BULLISH]: Meg Energy Corp opening price has gapped up. Currently, the OPEN is $10.1 (2.3 %).

Demarks Pivot Points /
Meg Energy Corp has broken the first DeMark resistance point ($10.3025) [Bullish]

Meg Energy Corp has broken the first DeMark resistance point ($10.3025) [Bullish]. Look for a long limit order entry near this point. Exit price for MEG should be set @$10.515 & Stoploss for Meg Energy Corp should be set at $10.155

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