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

[BEARISH CROSSOVER]: Meridian Energy currently has negative rate of change of -0.7000%. 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: Daily volume is 48052 (153.9)
Volume /
Meridian Energy: Daily volume is 48052 (153.9)

[BULLISH]: Meridian Energy current volume uptrend in the first timeframe. Volume for MEZ is48052 (153.9).

Elder Ray Index /
[Bearish]: Elder Ray Index is -0.0740 indicating bear power

[BEARISH]: Meridian EnergyElder Ray Index is signalling a Bearish movementERI is -0.0740 indicating bear power. Prices are being driven below the consensus of value for MEZ during the last trading session [Selling Pressure]

High Price /
Meridian Energy: Daily high performance is -0.4 % [Downtrend]

[BEARISH]: Meridian Energy current downtrend in the first timeframe. Currently, the HIGH is -0.4 %.

Percentage Volume /
Percentage volume oscillator remains negative for MEZ

[BEARISH]: Meridian Energy currently has negative PVO -3.4000%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -0.6%.

Opening Price /
Meridian Energy: Daily opening performance is -1.1 % [Downntrend]

[BEARISH]: Meridian Energy opening price has gapped down. Currently, the OPEN is $2.6900 (-1.1 %).

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Pivot Points /
Meridian Energy: Stoploss for short position should be set between $2.7370 & $2.7640

Meridian Energy has broken the first support point ($2.6440) [Bearish]. Look for a short limit order entry near this point. Exit price for MEZ should be set @$2.6170 & short position stoploss for Meridian Energy should be set between $2.7370 & $2.7640

Meridian Energy: Current trading activity signals distribution is present
Accumulation / Distribution /
Meridian Energy: Current trading activity signals distribution is present

[BEARISH]: Meridian Energy current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -23627.0000. day.

Detrended Price Oscillator /
DPO for MEZ has confirmed price is currently below the displaced moving average

[BEARISH]: Meridian Energy currently has a confirmed downtrend. Price is currently below the displaced moving average for MEZCurrently, the return on DPO20 is -1.5%.

Ulcer Index /
Drawdown for Meridian Energy is currently low signalling low stress

[BEARISH]: Meridian Energy UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.8190.

Average True Range /
MEZ: Average True Range has confirmed an uptrend @0.0510

[Bullish]: Average True Range has confirmed an uptrend is present. Meridian Energy has a TR of 0.0600, and an ATR(14) of 0.0510.

MEZ: Moving Average Convergence Divergence [Bearish]
MACD /
MEZ: Moving Average Convergence Divergence [Bearish]

MEZ: MACD Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BEARISH CROSSOVER (3) 18 Apr: BEARISH CROSSOVER

Meridian Energy: Range Performance (100.0)
Range Tod Vs Range Yest /
Meridian Energy: Range Performance (100.0)

[BEARISH]: Meridian Energysellers are increasingly eager. This is the first day sellers have increasing eagerness for MEZ adding strength to a downtrend in the first timeframe. The biggest price range this month has been $0.1400 & the greatest daily price range this year has been $0.3100. The price range ratio this week versus the quarterly price range is 0.9000000000000000000x & the price range ratio this month versus the year to date price range is 0.5000000000000000000x.

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

MEZ: TMA Current Signal -> (1) 20 Apr: BULLISH (2) 19 Apr: BULLISH (3) 18 Apr: BULLISH

Sine Weighted Moving Average /
MEZ: Price continues to move below the SWMA(5) @$2.725

[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 -1.5%.

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

[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 -1.5%.

Price continues to trade below the Weighted Moving Average(5) for MEZ
Weighted Moving Average /
Price continues to trade below the Weighted Moving Average(5) for MEZ

MEZ: WMA Current Signal -> (1) 20 Apr: BULLISH (2) 19 Apr: BULLISH (3) 18 Apr: BULLISH

[Bullish]: Range has increased for MEZ during the last trading session
Price Range /
[Bullish]: Range has increased for MEZ during the last trading session

[BULLISH]: Meridian Energy current uptrend in the first timeframe. Currently, the Range is $0.0600.

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

[BULLISH]: Meridian Energy current price has highlighted recent accumulation. Currently, the OBV is 26678.0000.

Commodity Channel Index /
Price extreme for CCI confirms signal reversal for Meridian Energy

[BULLISH CROSSOVER]: Meridian Energy current price has driven Commodity Channel Index to become oversold signalling the start of bullish trading conditions. Currently, the CCI is -157.0000. During the quarter, the lowest CCI value was -157. The last oversold signal occurred on Feb 13 2018

Elders Force Index /
[Bearish]: Initiated selling pressure for Meridian Energy has been confirmed

[BEARISH]: Meridian Energy current price has highlighted recent selling pressure. Currently, the Elders Force Index is -99.0000.

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

MEZ: Envelope Bands Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BEARISH (3) 18 Apr: BEARISH

Black Candle /
MEZ Basic Candle: Black

[BEARISH]: Meridian Energy has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

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

[BEARISH]: Meridian Energy current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.1900. MEZ received a confirmed CMF crossover days on the Apr 16 2018.The bearish signal has been active for 3 days. During the quarter, the lowest CMF value was -0.19 occurring on the Apr 16 2018.

[Bearish]: Lower low has formed for MEZ by -1.5 % during the last trading session
Low Price /
[Bearish]: Lower low has formed for MEZ by -1.5 % during the last trading session

MEZ: LOW Recent Trading -> (1) 20 Apr: 2.6500 (2) 19 Apr: 2.6900 (3) 18 Apr: 2.7000

Closing Price /
[Bearish]: Lower close has formed for MEZ by -1.5 % during the last trading session

MEZ: CLOSE Recent Trading -> (1) 20 Apr: 2.6700 (2) 19 Apr: 2.7100 (3) 18 Apr: 2.7200

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