Meg Energy Corp Stock Technical Analysis
| MEG Stock | CAD 26.02 0.63 2.36% |
As of the 26th of November, MEG Energy secures the risk adjusted performance of (0.01), and Mean Deviation of 1.75. In connection with fundamental indicators, the technical analysis model lets you check helpful technical drivers of MEG Energy Corp, as well as the relationship between them.
MEG Energy Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as MEG, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MEGMEG |
MEG Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
MEG Energy Corp Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of MEG Energy Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
MEG Energy Corp Trend Analysis
Use this graph to draw trend lines for MEG Energy Corp. You can use it to identify possible trend reversals for MEG Energy as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual MEG Energy price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.MEG Energy Best Fit Change Line
The following chart estimates an ordinary least squares regression model for MEG Energy Corp applied against its price change over selected period. The best fit line has a slop of 0.02 , which means MEG Energy Corp will continue generating value for investors. It has 122 observation points and a regression sum of squares at 18.55, which is the sum of squared deviations for the predicted MEG Energy price change compared to its average price change.About MEG Energy Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of MEG Energy Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of MEG Energy Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on MEG Energy Corp price pattern first instead of the macroeconomic environment surrounding MEG Energy Corp. By analyzing MEG Energy's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of MEG Energy's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to MEG Energy specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 40.01 | 27.33 | 29.12 | 27.66 | PTB Ratio | 0.94 | 1.31 | 1.49 | 1.24 |
MEG Energy November 26, 2024 Technical Indicators
Most technical analysis of MEG help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for MEG from various momentum indicators to cycle indicators. When you analyze MEG charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | (0.09) | |||
| Mean Deviation | 1.75 | |||
| Coefficient Of Variation | (6,317) | |||
| Standard Deviation | 2.19 | |||
| Variance | 4.78 | |||
| Information Ratio | (0.07) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.10) | |||
| Maximum Drawdown | 9.64 | |||
| Value At Risk | (3.61) | |||
| Potential Upside | 3.78 | |||
| Skewness | (0.22) | |||
| Kurtosis | 0.0255 |
Other Information on Investing in MEG Stock
MEG Energy financial ratios help investors to determine whether MEG Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in MEG with respect to the benefits of owning MEG Energy security.