Technical analysis from Meridian Energy (MEZ.AX, ASX:MEZ.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Meridian Energy
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Meridian Energy: Three White Soldiers
Three White Soldiers /
Meridian Energy: Three White Soldiers

[BULLISH]: Meridian Energy has formed a new Three White Soldiers pattern.

Meridian Energy: Elder Ray Index is 0.025 [Bullish]
Elder Ray Index /
Meridian Energy: Elder Ray Index is 0.025 [Bullish]

[BULLISH]: Meridian Energy Elder Ray Index is signalling a Bullish movementERI is 0.025 indicating bull power. Prices are being driven above the consensus of value for MEZ during the last trading session [Buying Pressure]

Close Tod Vs Range Tod /
Buyer commitment has continued for Meridian Energy adding strength to an uptrend in the first timeframe

MEZ: Close versus price range Current Signal ->(1) 21 Jun: BULLISH (2) 20 Jun: BULLISH (3) 19 Jun: BULLISH

Medium Trend /
[Uptrend]: The second timeframe trend for Meridian Energy remains intact

[BULLISH]: Meridian Energy is in an uptrend in the medium term timeframe. The current rally number is 38 & the highest rally count for the LTM is 57. The highest rally for the month is 14

Elders Force Index /
Bullish conditions for MEZ are likely to continue based on EFI (389)

[BULLISH]: Meridian Energy current price has highlighted recent buying pressure. Currently, the Elders Force Index is 389.

Detrended Price Oscillator /
Meridian Energy: Detrended Price Oscillator(20) is 0.1465

[BULLISH]: Meridian Energy currently has a confirmed uptrend. Price is currently above the displaced moving average for MEZ. Currently, the return on DPO20 is 0.7%.

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Low Price /
[Bullish]: New low has formed for MEZ by 0.7 % during the last trading session

MEZ: LOW Recent Trading -> (1) 21 Jun: 2.91 (2) 20 Jun: 2.89 (3) 19 Jun: 2.93

Ulcer index has fallen as the price rises for Meridian Energy
Ulcer Index /
Ulcer index has fallen as the price rises for Meridian Energy

[BEARISH]: Meridian Energy UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 0.962.

Meridian Energy has broken the first Woodie resistance point ($2.956) [Bullish]
Woodie Pivot Point /
Meridian Energy has broken the first Woodie resistance point ($2.956) [Bullish]

Meridian Energy has broken the first Woodie resistance point ($2.956) [Bullish]. Look for a long limit order entry near this point. Exit price for MEZ should be set @$2.963 & Stoploss for Meridian Energy should be set at $2.903

MACD /
MACD for Meridian Energy continues to gain momentum @0.0013

[BULLISH]: Meridian Energy currently has positive MACD of 0.0013. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 2.1%.

Closing Price /
Close for MEZ has surpassed the close of the previous trading session

[BULLISH]: Meridian Energy current uptrend in the first timeframe. Currently, the Close is $2.94.

Short Trend /
Meridian Energy: Uptrend for the daily trend is confirmed

MEZ: Daily Trend Current Signal -> (1) 21 Jun: BULLISH CONFIRM (2) 20 Jun: BEARISH (3) 19 Jun: BULLISH CONFIRM

Closing price for Meridian Energy has seen buyers win the daily battle for performance @ 0.7%
Close Tod Vs Close Yest /
Closing price for Meridian Energy has seen buyers win the daily battle for performance @ 0.7%

[BULLISH]: Meridian Energybuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for MEZ adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 3.6 & the greatest daily positive change this year has been 4.1. The longest consecutive upswing rally over the last 12 months has been 4 days giving a total rally upward movement of 6.4%. This quarter, the largest upswing rally has been 3 days giving a total rally upward movement of 4.8%. The win ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1.2x. Over the last month the average daily upward movement has been 1.300000%

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.

Accumulation / Distribution /
Traders are currently accumulating Meridian Energy

MEZ: ADLINE Recent Trading -> (1) 21 Jun: 253606 (2) 20 Jun: 239106 (3) 19 Jun: 233003

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 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0.7%.

Momentum /
Meridian Energy currently has negative momentum of -0.02

[BEARISH]: Meridian Energy currently has negative momentum of -0.02 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 0.7%.The largest downward momentum rally for the last 3 months is 8 days producing a return of -2.9%.

Meridian Energy: Over the last 12 months there has been 29 trading days giving a confirmation ratio of 11%.
Open Tod Vs Close Tod /
Meridian Energy: Over the last 12 months there has been 29 trading days giving a confirmation ratio of 11%.

[BULLISH]: Meridian Energy opened in the middle part of daily range at 66.7% & closed in the upper part of the trading range at 100%. This suggests the buyers have taken control. Over the last 12 months there has been 29 trading days with the opening price in the middle shadow & the closing the price in the upper shadow giving a confirmation ratio of 11%. Over the last month there has been 3 trading days with the opening price in the middle price range & the closing the price in the upper price range giving a confirmation ratio of 21.4%.

Meridian Energy has signalled an Average Directional Index strong trend present
Average Directional Movement /
Meridian Energy has signalled an Average Directional Index strong trend present

MEZ: Average Directional Index Current Signal -> (1) 21 Jun: TREND STRONG (2) 20 Jun: TREND STRONG (3) 19 Jun: TREND STRONG

Daily trading has confirmed an ATR downtrend (0.054) for Meridian Energy
Average True Range /
Daily trading has confirmed an ATR downtrend (0.054) for Meridian Energy

[Bearish]: Average True Range has confirmed an downtrend is present. Meridian Energy has a TR of 0.03, and an ATR(14) of 0.054.

Fibonacci Extensions /
[Short]: Limit orders for Meridian Energy should be set at $0.24

Meridian Energy: The current Fibonacci Extension levels are: (23.61%) $2.93: (38.2%) $2.89: (50%) $2.86: (61.8%) $2.83The current support levels are: (78.6%) $2.78: (100%) $2.72: (138.2%) $2.61: (161.8%) $2.55: (261.8%) $2.27: (423.61%) $1.81

Volume /
Strong volume performance from MEZ has seen a higher volume of 137.6 [Uptrend]

MEZ: VOLUME Current Signal -> (1) 21 Jun: BULLISH (2) 20 Jun: BEARISH (3) 19 Jun: BULLISH

Demarks Pivot Points /
Meridian Energy has broken the first DeMark resistance point ($2.9325) [Bullish]

Meridian Energy has broken the first DeMark resistance point ($2.9325) [Bullish]. Look for a long limit order entry near this point. Exit price for MEZ should be set @$2.955 & Stoploss for Meridian Energy should be set at $2.925

Ease of Movement /
Meridian Energy Ease of Movement is 4.138 [Easily Moved]

[BULLISH]: Meridian Energy current price have moved upwards on low volume. Currently, the Ease of Movement is 4.138

DVI: Accumulation still active for Meridian Energy
Daily Volume Index /
DVI: Accumulation still active for Meridian Energy

[BULLISH]: Meridian Energy current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 100.

Buying pressure for Meridian Energy continues - bullish signal
Chaikin Money Flow /
Buying pressure for Meridian Energy continues - bullish signal

MEZ: Chaikin Oscillator Current Signal -> (1) 21 Jun: BULLISH (2) 20 Jun: BULLISH (3) 19 Jun: BULLISH

Triangular Moving Average /
Meridian Energy: Triangular Moving Average(5) (2.942)

[BEARISH]: Meridian Energy currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 0.7%.

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