MEG Energy Stock Forecast - Market Facilitation Index
| MEG Stock | CAD 30.85 0.09 0.29% |
MEG Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast MEG Energy stock prices and determine the direction of MEG Energy Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of MEG Energy's historical fundamentals, such as revenue growth or operating cash flow patterns. Although MEG Energy's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of MEG Energy's systematic risk associated with finding meaningful patterns of MEG Energy fundamentals over time.
Check out Historical Fundamental Analysis of MEG Energy to cross-verify your projections. MEG |
Most investors in MEG Energy cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the MEG Energy's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets MEG Energy's price structures and extracts relationships that further increase the generated results' accuracy.
Market Facilitation Index is simply a difference between period high and low prices divided by period trading volume.| Check MEG Energy Volatility | Backtest MEG Energy | Information Ratio |
MEG Energy Trading Date Momentum
| On May 14 2024 MEG Energy Corp was traded for 30.85 at the closing time. The maximum traded price for the trading interval was 31.18 and the lowest daily price was 30.60 . The daily volume was recorded at 1.1 M. The volume of trading on 14th of May 2024 did not cause price change. The trading delta at closing time to the closing price today is 0.00% . |
Market Facilitation Index was developed by Dr. Bill Williams. This indicator can help to determine either strong or week signal that can follow the current trend line by looking at how Market Facilitation index correlates with trading volume over time.
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Other Forecasting Options for MEG Energy
For every potential investor in MEG, whether a beginner or expert, MEG Energy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. MEG Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in MEG. Basic forecasting techniques help filter out the noise by identifying MEG Energy's price trends.MEG Energy Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with MEG Energy stock to make a market-neutral strategy. Peer analysis of MEG Energy could also be used in its relative valuation, which is a method of valuing MEG Energy by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
MEG Energy Corp Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of MEG Energy's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of MEG Energy's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
MEG Energy Market Strength Events
Market strength indicators help investors to evaluate how MEG Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MEG Energy shares will generate the highest return on investment. By undertsting and applying MEG Energy stock market strength indicators, traders can identify MEG Energy Corp entry and exit signals to maximize returns.
| Accumulation Distribution | 20341.91 | |||
| Daily Balance Of Power | (0.16) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 30.89 | |||
| Day Typical Price | 30.88 | |||
| Price Action Indicator | (0.09) | |||
| Period Momentum Indicator | (0.09) |
MEG Energy Risk Indicators
The analysis of MEG Energy's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in MEG Energy's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting meg stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.15 | |||
| Semi Deviation | 1.34 | |||
| Standard Deviation | 1.54 | |||
| Variance | 2.37 | |||
| Downside Variance | 2.66 | |||
| Semi Variance | 1.8 | |||
| Expected Short fall | (1.33) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of MEG Energy to cross-verify your projections. Note that the MEG Energy Corp information on this page should be used as a complementary analysis to other MEG Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for MEG Stock 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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