MEZ | Australian Securities Exchange

Meridian Energy
+ Share

[Uptrend]: The third timeframe trend for Meridian Energy remains intact
Long Trend /
[Uptrend]: The third timeframe trend for Meridian Energy remains intact

[BULLISH]: Meridian Energy is in an uptrend in the medium term timeframe. The current rally number is 5 & the highest rally count for the LTM is 245. The highest rally for the month is 14

MEZ Basic Candle: White
White Candle /
MEZ Basic Candle: White

[BULLISH]: Meridian Energy has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Percentage Volume /
[Bearish]: Meridian Energy currently has negative PVO -6.78

[BEARISH]: Meridian Energy currently has negative PVO -6.78%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 1%.

Fibonacci Fans /
Meridian Energy: 0.618 Fibonacci Fan ($3.69)

Meridian Energy: The current Fibonacci Fan levels are: (23.61%) $3.56: (38.2%) $3.61: (50%) $3.65: (61.8%) $3.69The current support levels are: (78.6%) $3.75: (100%) $3.83: (138.2%) $3.96: (161.8%) $4.04: (261.8%) $4.4: (423.61%) $4.97

Elders Force Index /
Price & volume confirms continued selling pressure for Meridian Energy is likely

[BEARISH]: Meridian Energy current price has highlighted recent selling pressure. Currently, the Elders Force Index is -550.

Williams %R /
William %R oversold signal continues for Meridian Energy indicating upward price movement is likely

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

Meridian Energy: Downtrend for the medium term trend is continued
Medium Trend /
Meridian Energy: Downtrend for the medium term trend is continued

[BEARISH]: Meridian Energy has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Oct 4 2018.

Rate of Change /
Negative ROC: Price is trading lower for Meridian Energy than 14 days ago

[BEARISH]: Meridian Energy currently has negative rate of change of -2.685%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Meridian Energy: Stochastic Oscillator 20 is above the Stochastic Overbought limit
Stochastic Oscillator /
Meridian Energy: Stochastic Oscillator 20 is above the Stochastic Overbought limit

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

Meridian Energy: 0.618 Fibonacci Retraction (3.04)
Fibonacci Retracements /
Meridian Energy: 0.618 Fibonacci Retraction (3.04)

Meridian Energy: The current Fibonacci Retraction levels are: (23.61%) $2.93: (38.2%) $2.97: (50%) $3.01: (61.8%) $3.04The current support levels are: (78.6%) $3.09: (100%) $3.15: (138.2%) $3.26: (161.8%) $3.33: (261.8%) $3.62: (423.61%) $4.09

Ease of Movement /
Trading session closed lower on low volume for Meridian Energy [Bearish]

MEZ: EOM Current Signal -> (1) 18 Oct: BEARISH EASY (2) 17 Oct: BULLISH EASY (3) 16 Oct: BEARISH EASY

Close Tod Vs Close Yest /
Daily trading performance for MEZ has initiated a short term uptrend

MEZ: Recent performance signals ->(1) 18 Oct: BULLISH (2) 17 Oct: NEUTRAL (3) 16 Oct: NEUTRAL

Detrended Price Oscillator /
Daily trading has confirmed the DPO(20) is bearish for Meridian Energy

MEZ: DPO Recent Trading -> (1) 18 Oct: -0.1265 (2) 17 Oct: -0.1555 (3) 16 Oct: -0.134

Overbought signal for the Upper Bollinger Band is still current for Meridian Energy
Bollinger Bands /
Overbought signal for the Upper Bollinger Band is still current for Meridian Energy

[BEARISH]: Meridian Energy is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. The current level is 23.49% with a current width of 10.43.

Meridian Energy: Oversold signal confirmed during trading session
Money Flow Index /
Meridian Energy: Oversold signal confirmed during trading session

[BEARISH CROSSOVER]: Meridian Energy (ASX:MEZ) current price has driven MFI to become overbought signalling the start of bearish trading conditions. Currently, the MFI is 11.05. During the quarter, the highest MFI value was 50.03. The last overbought signal occurred on Jul 6 2018

Woodie Pivot Point /
[Long]: Entry price for MEZ should be set @$2.923

Meridian Energy has broken the first Woodie resistance point ($2.923) [Bullish]. Look for a long limit order entry near this point. Exit price for MEZ should be set @$2.923 & Stoploss for Meridian Energy should be set at $2.863

Weighted Moving Average /
The WMA trend following signal is still current for Meridian Energy [Bearish]

[BEARISH]: Meridian Energy currently has a confirmed downtrend. Recent trading has caused the WMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is 1.0%.

Demarks Pivot Points /
[Long]: Limit orders for Meridian Energy should be set at $2.8925

Meridian Energy has broken the first DeMark resistance point ($2.8925) [Bullish]. Look for a long limit order entry near this point. Exit price for MEZ should be set @$2.915 & Stoploss for Meridian Energy should be set at $2.885

Market conditions are indicating accumulation is current for MEZ
Accumulation / Distribution /
Market conditions are indicating accumulation is current for MEZ

[BULLISH]: Meridian Energy (ASX:MEZ) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 1932.2.

[Bearish]: EMA(15) is serving as a resistance line for Meridian Energy
Exponential Moving Average /
[Bearish]: EMA(15) is serving as a resistance line for Meridian Energy

MEZ: EMA(15) Recent Trading -> (1) 18 Oct: 2.9503 (2) 17 Oct: 2.9575 (3) 16 Oct: 2.9700

Meridian Energy has moved below the 161.8% extension level ($3.31) [Bullish]
Fibonacci Extensions /
Meridian Energy has moved below the 161.8% extension level ($3.31) [Bullish]

Meridian Energy: The current Fibonacci Extension levels are: (23.61%) $2.93: (38.2%) $2.97: (50%) $3.01: (61.8%) $3.04The current support levels are: (78.6%) $3.09: (100%) $3.15: (138.2%) $3.26: (161.8%) $3.33: (261.8%) $3.62: (423.61%) $4.09

Momentum /
Meridian Energy currently has negative momentum of -0.08

MEZ: MOM Current Signal -> (1) 18 Oct: BEARISH (2) 17 Oct: BEARISH (3) 16 Oct: BEARISH

MACD Volume /
Volume MACD oscillator remains negative for MEZ

MEZ: Volume MACD Current Signal -> (1) 18 Oct: BEARISH (2) 17 Oct: BEARISH CROSSOVER (3) 16 Oct: BULLISH

Ulcer Index /
Recent downward trend has increased drawdown exposure associated with Meridian Energy

[BULLISH]: Meridian Energy UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 5.34.

Donchian Channels /
[Bearish]: Meridian Energy current trading has maintained the Donchian Band to Overbought status

[BEARISH]: Meridian Energy is currently bearish highlighting the potential for a short term trend continuation in the downward direction.

[Downtrend]: Recent trading for MEZ indicates ST trend is likely to continue
Sine Weighted Moving Average /
[Downtrend]: Recent trading for MEZ indicates ST trend is likely to continue

[BEARISH]: Meridian Energy currently has a confirmed downtrend. Recent trading has caused the SWMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is 1.0%.

Potential initiation of a trend reversal (Bullish) for Meridian Energy
Commodity Channel Index /
Potential initiation of a trend reversal (Bullish) for Meridian Energy

[BULLISH CROSSOVER]: Meridian Energy (ASX:MEZ) current price has driven Commodity Channel Index to become oversold signalling the start of bullish trading conditions. Currently, the CCI is -106. During the quarter, the lowest CCI value was -151. The last oversold signal occurred on Oct 17 2018

Pivot Points /
Pivot point for MEZ is bullish. Stoploss should be positioned @$2.86

Meridian Energy has broken the first resistance point ($2.92) [Bullish]. Look for a long limit order entry near this point. Exit price for MEZ should be set @$2.92 & Stoploss for Meridian Energy should be set between $2.86 & $2.85

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