Meridian Energy

+
MEZ Basic Candle: White Opening Marubozu

MEZ Basic Candle: White Opening Marubozu

[BULLISH]: Meridian Energy has formed a White Opening Marubozu candlestick. This means, MEZ has received strong buying confidence and upward price movement over the trading day with only a small upper shadow present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

MEZ: Over the last 12 months there has been 3 trading days with the closing price in the upper part of the range giving a confirmation ratio of 1.1%.

[BULLISH]: Meridian Energy buyers are in control at the market close. This is the first day of buyer commitment for Meridian Energy adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 3 trading days with the closing price in the upper part of the range giving a confirmation ratio of 1.1%. Over the last month there has been 3 trading days with the closing price in the upper range giving a confirmation ratio of 16.7%. Currently this quarter, closing price has spent 3 days in the upper price range compared to 3 days in the lower range giving a ratio of 1x.

Meridian Energy opened in the lower part of daily range at 0% & closed in the upper part of the trading range at 71.4%. This suggests the buyers were in control all day.

[BULLISH STRONG]: Meridian Energy opened in the lower part of daily range at 0% & closed in the upper part of the trading range at 71.4%. This suggests the buyers were in control all day. Over the last 12 months there has been 2 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 11.1%.

Load More
back to top