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

Meridian Energy: Current trading activity signals OBV accumulation is present
On Balance Volume /
Meridian Energy: Current trading activity signals OBV accumulation is present

[BULLISH]: Meridian Energy current price has highlighted recent accumulation. Currently, the OBV is 4.26404e+006.

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

[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 -1.2%.

Williams %R /
Meridian Energy is no longer overbought and normal trading conditions are resumed

MEL: William %R Current Signal -> (1) 13 Dec: BULLISH CROSSUNDER (2) 12 Dec: BEARISH (3) 11 Dec: BEARISH CROSSOVER

Opening Price /
Recent trading has opened -0.5 % higher than previous close for MEL

MEL: OPEN Current Signal -> (1) 13 Dec: NEUTRAL (2) 12 Dec: BEARISH (3) 11 Dec: BEARISH

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

[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 -1.2%.

Stochastic Oscillator /
Meridian Energy is no longer overbought with the Stochastic Oscillator @60.6

MEL: Stochastic Oscillator Signal -> (1) 13 Dec: BEARISH CROSSUNDER (2) 12 Dec: BEARISH (3) 11 Dec: BULLISH CROSSOVER

Top companies for
New Zealand Stock Exchange
Advertisment
Woodie Pivot Point /
Woodie pivot point for MEL is bearish. Stoploss should be positioned @$2.981

Meridian Energy has broken the first Woodie support point ($2.907) [Bearish]. Look for a short limit order entry near this point. Exit price for MEL should be set @$2.891 & short position stoploss for Meridian Energy should be set at $2.981

Price was difficult to move downward in recent trading on high volume causing an downtrend in price for MEL
Ease of Movement /
Price was difficult to move downward in recent trading on high volume causing an downtrend in price for MEL

MEL: EOM Current Signal -> (1) 13 Dec: BEARISH HARD (2) 12 Dec: BULLISH HARD (3) 11 Dec: BEARISH HARD

Price is currently above the displaced moving average for MEL [Bullish]
Detrended Price Oscillator /
Price is currently above the displaced moving average for MEL [Bullish]

MEL: DPO Current Signal -> (1) 13 Dec: BULLISH (2) 12 Dec: BULLISH (3) 11 Dec: BULLISH CROSSOVER

Percentage Price /
Meridian Energy: Price Percentage Oscillator

[BULLISH]: Meridian Energy currently has positive PPO 0.700%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Exponential Moving Average /
Price is now trading below the Exponential Moving Average(5) for MEL

[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 -1.2%.

Demarks Pivot Points /
Short positions for Meridian Energy should be set between $2.93375 & $2.902

Meridian Energy has broken the first DeMark support point ($2.93375) [Bearish]. Look for a short limit order entry near this point. Exit price for MEL should be set @$2.902 & short position stoploss for Meridian Energy should be set at $2.947

Meridian Energy continues positive divergence & potential shift in direction
Chaikin Money Flow /
Meridian Energy continues positive divergence & potential shift in direction

[BULLISH]: Meridian Energy current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.23. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 1

Meridian Energy has broken below the 161.8% extension level ($3.12) [Bullish]
Fibonacci Extensions /
Meridian Energy has broken below the 161.8% extension level ($3.12) [Bullish]

Meridian Energy has moved below the 161.8% level ($3.12) [Bullish]. Look for a long limit order entry near this point. Exit price for MEL should be set @$3.26 & Stoploss for Meridian Energy should be set at $2.99

Simple Moving Average /
[Downtrend]: Recent trading for MEL 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 -1.2%.

Low Price /
[Bearish]: Meridian Energy has failed beat previous low by -1.5 %

MEL: LOW Current Signal -> (1) 13 Dec: BEARISH (2) 12 Dec: BULLISH (3) 11 Dec: BEARISH

Commodity Channel Index /
CCI has stabilized for MEL

[NEUTRAL]: Meridian Energy current trading has closed out Commodity Channel Index to overbought status and signalled the initiation of normal trading conditions. Currently, the CCI is 35. The previous bearish signal was active for 1 day. During the quarter, the highest CCI value was 195.

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

MEL: Elders Force Index Current Signal -> (1) 13 Dec: BEARISH (2) 12 Dec: BEARISH (3) 11 Dec: BEARISH CROSSOVER

MEL Basic Candle: Black
Black Candle /
MEL Basic Candle: Black

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

High for MEL has not surpassed the high of the previous trading session
High Price /
High for MEL has not surpassed the high of the previous trading session

[BEARISH]: Meridian Energy current downtrend in the first timeframe. Currently, the HIGH is -0.5 %.

Close Tod Vs Close Yest /
Sellers continue to be keener than buyers for Meridian Energy & are driving the price down.

[BEARISH]: Meridian Energysellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for MEL adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -1.2 & the greatest daily negative change this year has been -13.7. The longest consecutive downswing rally over the last 12 months has been 3 days giving a total rally downward movement of -2.8%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -2.8%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 0.9x. Over the last month the average daily downward movement has been -0.8%

Momentum /
5-day momentum is now decreasing for Meridian Energy

[BEARISH CROSSOVER]: Meridian Energy currently has negative momentum of -0.015 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -1.2%.The largest downward momentum rally for the last 3 months is 4 days producing a return of -0.5%%.

Bill Williams Market Facilitation /
Market movement continuation likely for MEL as a result of Fake Day

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

MACD /
MACD oscillator remains positive for MEL

[BULLISH]: Meridian Energy currently has positive MACD of 0.003000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -0.5%.

Open/close reversal confirmed for Meridian Energy signalling the sellers were in control all day
Open Tod Vs Close Tod /
Open/close reversal confirmed for Meridian Energy signalling the sellers were in control all day

MEL: Open today versus close yesterday Current Signal ->(1) 13 Dec: BEARISH STRONG (2) 12 Dec: BEARISH STRONG (3) 11 Dec: BULLISH

Moving Average Envelope /
Envelope bands Oversold signal is still current for Meridian Energy [Bullish]

[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 2.7645.

See More   See more results
Advertisment
Advertisment
back to top