Technical analysis from Meridian Energy (MEL.NZ, NZE:MEL) on the New Zealand Stock Exchange (NZX). Download the latest price data & trading signals

Meridian Energy
+ Share

Traders are currently accumulating Meridian Energy
Accumulation / Distribution /
Traders are currently accumulating Meridian Energy

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

Meridian Energy: Volume MACD oscillator (84734)
MACD Volume /
Meridian Energy: Volume MACD oscillator (84734)

MEL: Volume MACD Current Signal -> (1) 20 Oct: BULLISH CROSSOVER (2) 19 Oct: BEARISH CROSSOVER (3) 18 Oct: BULLISH

Fibonacci Extensions /
Meridian Energy: Look for a long limit order entry @$5.35

Meridian Energy has moved below the 161.8% level ($5.35) [Bullish]. Look for a long limit order entry near this point. Exit price for MEL should be set @$5.81 & Stoploss for Meridian Energy should be set at $4.89

Ex-Dividend /
The last dividends distributed to shareholders was Mar 30 2017

The last ex-dividend date recorded for MEL occurred on the Mar 30 2017. This event was 204 days from the current trading day.

Price Range /
Recent trading for Meridian Energy has surpassed the previous price range ($0.05)

[BULLISH]: Meridian Energy current uptrend in the first timeframe. Currently, the Range is $0.05.

White Candle /
MEL Basic Candle: White

[BULLISH]: Meridian Energy has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Top companies for
New Zealand Stock Exchange
Advertisment
MACD /
MACD for Meridian Energy continues to gain momentum @0.005000

[BULLISH]: Meridian Energy currently has positive MACD of 0.005000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 0.6%.

Medium Trend /
Meridian Energy has maintained the 2nd timeframe trend [Uptrend]

MEL: Medium Term Current Signal -> (1) 20 Oct: BULLISH (2) 19 Oct: BULLISH (3) 18 Oct: BULLISH

Advertisment
Positive VROC: Volume is now higher for Meridian Energy than 14 days ago
Volume Rate of Change /
Positive VROC: Volume is now higher for Meridian Energy than 14 days ago

[BULLISH CROSSOVER]: Meridian Energy currently has positive volume of change of 127%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 0%.

Meridian Energy has broken the first DeMark resistance point ($2.8775) [Bullish]
Demarks Pivot Points /
Meridian Energy has broken the first DeMark resistance point ($2.8775) [Bullish]

Meridian Energy has broken the first DeMark resistance point ($2.8775) [Bullish]. Look for a long limit order entry near this point. Exit price for MEL should be set @$2.915 & Stoploss for Meridian Energy should be set at $2.865

Volume /
Meridian Energy: Daily volume performance is 362.2 [Uptrend]

[BULLISH]: Meridian Energy current volume uptrend in the first timeframe. Volume for MEL is1.92944e+006 (362.2).

Ulcer Index /
Meridian Energy: Ulcer Index 3.699 [Low Stress]

[BEARISH]: Meridian Energy UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.699.

Weighted Moving Average /
Meridian Energy: Closing price $2.89 is above the WMA(5) @$2.887

[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%.

Meridian Energy: Price Percentage Oscillator
Percentage Price /
Meridian Energy: Price Percentage Oscillator

[BEARISH]: Meridian Energy currently has negative PPO -0.300%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Meridian Energy: Detrended Price Oscillator(20) is -0.0288
Detrended Price Oscillator /
Meridian Energy: Detrended Price Oscillator(20) is -0.0288

MEL: DPO Current Signal -> (1) 20 Oct: BEARISH (2) 19 Oct: BEARISH (3) 18 Oct: BEARISH

Sine Weighted Moving Average /
Meridian Energy: Sine Weighted Moving Average(5) (2.884)

[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%.

Exponential Moving Average /
Meridian Energy is in a short term uptrend with the closing price @$2.89

[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%.

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

MEL: CLOSE Current Signal -> (1) 20 Oct: NEUTRAL (2) 19 Oct: BULLISH (3) 18 Oct: BULLISH

The current price earnings ratio for Meridian Energy is 36.13
VALUE /
The current price earnings ratio for Meridian Energy is 36.13

Meridian Energy Key financial metrics: (1) EPS: $0.08 (2) P/E Ratio: 36.13

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

[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 3.0450.

Meridian Energy currently has positive momentum of 0.015
Momentum /
Meridian Energy currently has positive momentum of 0.015

MEL: MOM Current Signal -> (1) 20 Oct: BULLISH (2) 19 Oct: BULLISH CROSSOVER (3) 18 Oct: BULLISH CROSSOVER

GROWTH /
The Market-to-Book ratio of Meridian Energy is 1.51

Meridian Energy Key financial metrics: (1) Book Value: $1.91 (2) Market-to-Book ratio: 1.51 (3) PEG Ratio: 36.13

Elders Force Index /
Price & volume confirms continued selling pressure for Meridian Energy is likely

MEL: Elders Force Index Recent Trading -> (1) 20 Oct: -2320 (2) 19 Oct: -1539 (3) 18 Oct: -1700

Range Tod Vs Range Yest /
Meridian Energy: Range Performance (150)

[BEARISH]: Meridian Energysellers are increasingly eager. There has been 3 consecutive days of range increase for MEL adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.08 & the greatest daily price range this year has been $0.45. The price range ratio this week versus the quarterly price range is 0.6x & the price range ratio this month versus the year to date price range is 0.2x.

Daily Volume Index /
Meridian Energy is being actively accumulated based on DVI

MEL: DVI Current Signal -> (1) 20 Oct: BULLISH (2) 19 Oct: BULLISH (3) 18 Oct: BULLISH

Positive momentum on volume for MEL has been confirmed & supports a bullish move is likely
Percentage Volume /
Positive momentum on volume for MEL has been confirmed & supports a bullish move is likely

[BULLISH CROSSOVER]: Meridian Energy currently has positive PVO 1.3%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 0%.

[Uptrend]: Recent trading for MEL indicates ST trend is likely to continue
Triangular Moving Average /
[Uptrend]: Recent trading for MEL indicates ST trend is likely to continue

[BULLISH]: Meridian Energy currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 0%.

Average True Range /
[Uptrend]: Average True Range (0.038) uptrend has been confirmed for MEL

MEL: Average True Range Recent Trading -> (1) 20 Oct: 0.038 (2) 19 Oct: 0.037 (3) 18 Oct: 0.038

See More   See more results
Advertisment
Advertisment
back to top