Meg Energy Corp Stock Technical Analysis
| MEGEF Stock | USD 16.30 0.24 1.49% |
As of the 21st of January, MEG Energy secures the mean deviation of 1.75, and Risk Adjusted Performance of (0.1). 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. Please verify MEG Energy Corp information ratio, as well as the relationship between the value at risk and kurtosis to decide if MEG Energy Corp is priced fairly, providing market reflects its recent price of 16.3 per share. Given that MEG Energy Corp has information ratio of (0.14), we recommend you to check MEG Energy's last-minute market performance to make sure the company can sustain itself in the future.
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 pink sheet 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, pink sheet 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 0.05 , which may suggest that MEG Energy Corp market price will keep on failing further. It has 122 observation points and a regression sum of squares at 103.41, 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.
MEG Energy January 21, 2025 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 | (0.1) | |||
| Market Risk Adjusted Performance | (1.03) | |||
| Mean Deviation | 1.75 | |||
| Coefficient Of Variation | (798.02) | |||
| Standard Deviation | 2.23 | |||
| Variance | 4.98 | |||
| Information Ratio | (0.14) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (1.04) | |||
| Maximum Drawdown | 10.18 | |||
| Value At Risk | (3.96) | |||
| Potential Upside | 3.27 | |||
| Skewness | (0.14) | |||
| Kurtosis | (0.14) |
Complementary Tools for MEG Pink Sheet analysis
When running MEG Energy's price analysis, check to measure MEG Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MEG Energy is operating at the current time. Most of MEG Energy's value examination focuses on studying past and present price action to predict the probability of MEG Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MEG Energy's price. Additionally, you may evaluate how the addition of MEG Energy to your portfolios can decrease your overall portfolio volatility.
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