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

Meridian Energy
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Meridian Energy: Range Performance (0)
Range Tod Vs Range Yest /
Meridian Energy: Range Performance (0)

[WEAK BEARISH]: Meridian Energybuyers are becoming less eager.There has been 2 consecutive days of range decrease for MEZ reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.09 & the greatest daily price range this year has been $0.53. The price range ratio this week versus the quarterly price range is 0x & the price range ratio this month versus the year to date price range is 0.2x.

The current price is now gaining momentum through a rise for MEZ on the short term EMA.
Percentage Price /
The current price is now gaining momentum through a rise for MEZ on the short term EMA.

[BULLISH CROSSOVER]: Meridian Energy currently has positive PPO 0.000%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Stochastic Oscillator /
Stochastic overbought signal has just been neutralized for Meridian Energy

MEZ: Stochastic Oscillator Trading -> (1) 20 Nov: 80 (2) 17 Nov: 86.7 (3) 20 Nov: 95

Rate of Change /
14-day rate of change is increasing for Meridian Energy

[BULLISH]: Meridian Energy currently has positive rate of change of 4%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Williams %R /
William %R overbought signal had been cancelled for Meridian Energy

[BULLISH]: Meridian Energy is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Price Range /
Meridian Energy: Daily price range is 0 [Downtrend]

MEZ: Price Range Current Signal -> (1) 20 Nov: BEARISH (2) 17 Nov: BEARISH (3) 16 Nov: BULLISH

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Volume Rate of Change /
Negative VROC for Meridian Energy is a leading indicator for continued price fall

[BEARISH]: Meridian Energy currently has negative rate of change of -6%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0%.

Exponential Moving Average(5) signal continues for Meridian Energy indicating upward price movement is likely
Exponential Moving Average /
Exponential Moving Average(5) signal continues for Meridian Energy indicating upward price movement is likely

[BULLISH]: Meridian Energy currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 0%.

Meridian Energy: Percentage Volume Oscillator @-3.3 [Bearish]
Percentage Volume /
Meridian Energy: Percentage Volume Oscillator @-3.3 [Bearish]

[BEARISH]: Meridian Energy currently has negative PVO -3.3%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0.8%.

On Balance Volume /
Distribution OBV signal for Meridian Energy is confirmed

[BEARISH]: Meridian Energy current price has highlighted recent distribution. Currently, the OBV is -161838.

Volume /
Weaker volume performance from MEZ has seen a lower volume of -8 [Downtrend]

[BEARISH]: Meridian Energy current volume downtrend in the first timeframe. Volume for MEZ is27490 (-8).

Fibonacci Extensions /
Meridian Energy has broken below the 161.8% extension level ($7.43) [Bullish]

Meridian Energy has moved below the 161.8% level ($7.43) [Bullish]. Look for a long limit order entry near this point. Exit price for MEZ should be set @$8.33 & Stoploss for Meridian Energy should be set at $6.53

[Bullish]: Recent trading has driven price above the consensus of value for MEZ
Elder Ray Index /
[Bullish]: Recent trading has driven price above the consensus of value for MEZ

MEZ: Elder Ray Index Current Signal -> (1) 20 Nov: BULLISH (2) 17 Nov: BULLISH (3) 20 Nov: BULLISH

Limit order for a long position has been identified for Meridian Energy [Bullish]
Demarks Pivot Points /
Limit order for a long position has been identified for Meridian Energy [Bullish]

Meridian Energy has broken the first DeMark resistance point ($2.62) [Bullish]. Look for a long limit order entry near this point. Exit price for MEZ should be set @$2.62 & Stoploss for Meridian Energy should be set at $2.62

Momentum /
Momentum(5) is now decreasing for Meridian Energy

[BEARISH CROSSOVER]: 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%.The largest downward momentum rally for the last 3 months is 1 days producing a return of -4.9%%.

Weighted Moving Average /
MEZ: Price continues to move above the WMA(5) @$2.613

[BULLISH]: Meridian Energy currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0%.

Opening Price /
Meridian Energy: Daily opening price is $2.62

MEZ: OPEN Current Signal -> (1) 20 Nov: NEUTRAL (2) 17 Nov: BULLISH (3) 16 Nov: BEARISH

Recent upward trend has reduced drawdown exposure associated with Meridian Energy
Ulcer Index /
Recent upward trend has reduced drawdown exposure associated with Meridian Energy

[BEARISH]: Meridian Energy UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.026.

Meridian Energy: Daily high performance is 0 % [Uptrend]
High Price /
Meridian Energy: Daily high performance is 0 % [Uptrend]

MEZ: HIGH Current Signal -> (1) 20 Nov: NEUTRAL (2) 17 Nov: NEUTRAL (3) 16 Nov: NEUTRAL

Oversold signal for the Lower Envelope band is still current for Meridian Energy
Moving Average Envelope /
Oversold signal for the Lower Envelope band is still current for Meridian Energy

[BEARISH]: Meridian Energy current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 2.7300.

MACD Volume /
Volume MACD oscillator remains negative for MEZ

[BEARISH]: Meridian Energy currently has negative Volume MACD of -575. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Sine Weighted Moving Average /
Meridian Energy is in a short term uptrend with the support price @$2.609

[BULLISH]: Meridian Energy currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0%.

Average True Range /
MEZ: Average True Range has confirmed an downtrend @0.047

MEZ: Average True Range Recent Trading -> (1) 20 Nov: 0.047 (2) 17 Nov: 0.051 (3) 20 Nov: 0.035

Elders Force Index /
Meridian Energy: Direction, extent & volume have increased in recent trading [Buying Pressure]

[BULLISH]: Meridian Energy current price has highlighted recent buying pressure. Currently, the Elders Force Index is 97.

Meridian Energy: 3rd timeframe trend Uptrend remains intact
Long Trend /
Meridian Energy: 3rd timeframe trend Uptrend remains intact

[BULLISH]: Meridian Energy has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Oct 13 2017.

Market conditions are indicating DVI distribution is current for MEZ
Daily Volume Index /
Market conditions are indicating DVI distribution is current for MEZ

[BEARISH]: Meridian Energy current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Medium Trend /
Recent trading indicates a continuation in T2 downward trend direction MEZ [Downtrend]

[BEARISH]: Meridian Energy has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Nov 14 2017.

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