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

Meridian Energy
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[Downtrend]: Recent trading for MEZ confirms bearish SMA(5) signal
Simple Moving Average /
[Downtrend]: Recent trading for MEZ confirms bearish SMA(5) signal

[BULLISH]: Meridian Energy currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -1.1%.

5-day momentum is increasing for Meridian Energy
Momentum /
5-day momentum is increasing for Meridian Energy

MEZ: MOM Current Signal -> (1) 20 Feb: BULLISH (2) 19 Feb: BULLISH CROSSOVER (3) 21 Feb: BULLISH CROSSOVER

Pivot Points /
Meridian Energy has moved below the S1 pivot point ($2.616) [Bearish]

Meridian Energy has broken the first support point ($2.616) [Bearish]. Look for a short limit order entry near this point. Exit price for MEZ should be set @$2.603 & short position stoploss for Meridian Energy should be set between $2.663 & $2.676

Rate of Change /
Meridian Energy: Rate of change (0.766)

[BULLISH]: Meridian Energy currently has positive rate of change of 0.8%. 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

Medium Trend /
Meridian Energy: Medium term trend (Uptrend)

[BULLISH]: Meridian Energy is in an uptrend in the medium term timeframe. The current rally number is 3 & the highest rally count for the LTM is 71. The highest rally for the month is 13

Triangular Moving Average /
Price is now trading below the Triangular Moving Average(5) for MEZ

[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 -1.1%.

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Moving Average Envelope /
Closing price for MEZ is still below the lower envelope signalling a bullish movement

[BULLISH]: Meridian Energy current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 2.5080.

The current price is still losing momentum through a fall for MEZ on the short term EMA.
Percentage Price /
The current price is still losing momentum through a fall for MEZ on the short term EMA.

[BEARISH]: Meridian Energy currently has negative PPO -0.100%. This means the current price is losing momentum through a fall on the short term exponential moving average.

MEZ opening price of $2.65 (-0.4 %)
Opening Price /
MEZ opening price of $2.65 (-0.4 %)

[BEARISH]: Meridian Energy opening price has gapped down. Currently, the OPEN is $2.65 (-0.4 %).

MACD Volume /
Meridian Energy: Volume MACD oscillator (-4289)

[BEARISH]: Meridian Energy currently has negative Volume MACD of -4289. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Volume /
MEZ has achieved a lower volume of 2076 (-74.8)

MEZ: VOLUME Current Signal -> (1) 20 Feb: BEARISH (2) 19 Feb: BEARISH (3) 16 Feb: BEARISH

Woodie Pivot Point /
Meridian Energy has moved below the S1 Woodie pivot point ($2.614) [Bearish]

Meridian Energy has broken the first Woodie support point ($2.614) [Bearish]. Look for a short limit order entry near this point. Exit price for MEZ should be set @$2.602 & short position stoploss for Meridian Energy should be set at $2.662

MACD oscillator remains positive for MEZ
MACD /
MACD oscillator remains positive for MEZ

[BULLISH]: Meridian Energy currently has positive MACD of 0.006000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 1.8%.

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 2.339.

Exponential Moving Average /
[Downtrend]: Recent trading for MEZ confirms bearish EMA(5) signal

[BEARISH]: Meridian Energy currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -1.1%.

Average True Range /
Daily bar has confirmed has confirmed an ATR downtrend is intact for MEZ

[Bearish]: Average True Range has confirmed an downtrend is present. Meridian Energy has a TR of 0.04, and an ATR(14) of 0.056.

Bill Williams Market Facilitation /
Volume is down & Money Flow Index is up confirming a Fake Day for MEZ

Meridian Energy Currently is a confirmed Fake Day. MFI indicator is up, volume is down for MEZ. Trend continuation possible for MEZ from reduced trading activity.

Meridian Energy is being actively distributed based on OBV
On Balance Volume /
Meridian Energy is being actively distributed based on OBV

[BEARISH]: Meridian Energy current price has highlighted recent distribution. Currently, the OBV is -41964.

Price was easily moved downward in recent trading on low volume causing an downtrend in price for MEZ
Ease of Movement /
Price was easily moved downward in recent trading on low volume causing an downtrend in price for MEZ

MEZ: EOM Current Signal -> (1) 20 Feb: BEARISH EASY (2) 19 Feb: BEARISH EASY (3) 21 Feb: BEARISH HARD

Bearish conditions for MEZ are likely to continue based on EFI (-360)
Elders Force Index /
Bearish conditions for MEZ are likely to continue based on EFI (-360)

[BEARISH]: Meridian Energy current price has highlighted recent selling pressure. Currently, the Elders Force Index is -360.

Price Range /
[Bullish]: Meridian Energy has beaten previous trading range

MEZ: Price Range Current Signal -> (1) 20 Feb: BULLISH (2) 19 Feb: BEARISH (3) 16 Feb: BULLISH

Detrended Price Oscillator /
Bearish trading conditions for Meridian Energy has initiated a bearish crossover from the DPO (-0.0205)

[BEARISH]: Meridian Energy currently has a confirmed downtrend. Price is currently below the displaced moving average for MEZCurrently, the return on DPO20 is -1.1%.

Chaikin Money Flow /
CMF highlights continued positive divergence for Meridian Energy

[BULLISH]: Meridian Energy current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.15. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.43

Open Tod Vs Close Tod /
Meridian Energy: Sellers have lost commitment.

[BEARISH WEAK]: Meridian Energy opened in the upper part of daily range at 100% & closed in the middle part of the trading range at 33.3%. This suggests the sellers have lost commitment. Over the last 12 months there has been 15 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 5.9%. Over the last month there has been 2 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 15.4%.

MEZ: Long term trend is still an Uptrend
Long Trend /
MEZ: Long term trend is still an Uptrend

MEZ: Long Term Trend Current Signal -> (1) 20 Feb: BULLISH (2) 19 Feb: NEUTRAL (3) 21 Feb: NEUTRAL

[Bearish]: Trend following indicator for MEZ highlights downward price direction is likely
Weighted Moving Average /
[Bearish]: Trend following indicator for MEZ highlights downward price direction is likely

[BEARISH]: Meridian Energy currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -1.1%.

Low Price /
low for MEZ has not surpassed the low of the previous trading session

[BULLISH]: Meridian Energy current downtrend in the first timeframe. Currently, the Low is $2.62 (-0.8 %).

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