MEG NEWS why is Media General price falling or rising

MEG NEWS reasons for why stock price of Media General is falling or rising

MEG Media General is falling or rising technical reasons

Technical analysis forecast of Media General Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Media General MEG at this time. Stock is rising and might rise more.

It appears as if Media General MEG gave a large move recently.

Stock of Media General (MEG) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Media General is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 43.7 as stoploss in an intra day sell trade for a target of 41.42. However, stock will show a bullish move above 43.7.

MEG Media General is falling or rising NEWS fundamental reasons

More announcements and NEWS

MEG Media General current price & indicator signals

Moving Averages for Media General

  • 5Day Average: 41.2
  • 12Day Average: 41.64
  • 20Day Average: 42.51
  • 50Day Average: 39.34
  • 100Day Average: 35.14
  • 150Day Average: 32.69
  • 200Day Average: 33.74

MEG Indicators & signals

Indicator MACD (12,26,9)

41.6, 41.08, 0.81
Indicator MACD is in positive zone

Indicator ADX (14)

3.51, 25.88, 24.12
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 60
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MEG Media General are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Fri Apr 2024 43.11 40.84 to 43.60 4.74% 0.73 times
25 Thu Apr 2024 41.16 40.00 to 41.39 -0.56% 0.42 times
24 Wed Apr 2024 41.39 40.65 to 42.08 0.22% 0.44 times
23 Tue Apr 2024 41.30 39.00 to 41.64 5.79% 0.49 times
22 Mon Apr 2024 39.04 38.64 to 40.67 -2.89% 0.8 times
19 Fri Apr 2024 40.20 39.44 to 42.20 -4.1% 1.15 times
18 Thu Apr 2024 41.92 38.00 to 42.16 12.84% 4.19 times
17 Wed Apr 2024 37.15 35.60 to 40.55 -11.44% 1.5 times
16 Tue Apr 2024 41.95 41.56 to 42.64 -1.64% 0.17 times
15 Mon Apr 2024 42.65 42.47 to 45.02 -4.5% 0.41 times
12 Fri Apr 2024 44.66 44.51 to 45.65 -1% 0.43 times
11 Thu Apr 2024 45.11 43.32 to 45.31 1.05% 0.38 times

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