Meridian Energy

What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Accumulation Distribution

Score

-2.4

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 41 10.3 0.46% 0.68% 2.1% -1.8% -10.5%
SHORT 41 8.9 0.29% 0.40% 1.5% -2.9% -70.8%

Summary

Technical Analysis

Meridian Energy (MEZ.AX)


Indicator:

ACCUMULATION


Last Signal:

BEARISH


Trading: SELL @ $4.7
Signal Strength: MEDIUM
Recommendation:

Meridian Energy (ASX:MEZ) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -4232.2. day. During the quarter, the lowest ADLINE value was -11954.5.


Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading exit. Indicator can be applied to the short/medium term timeframe, but the best results are obtained with larger cyclical swings in-line with the trend direction. This accumulation / distribution oscillator can provide guidance on the money flow direction from the companies recent trading.


Accumulation/distribution (ADLINE) is a momentum indicator that attempts to gauge supply and demand by determining whether investors are generally accumulating or buying or distributing or selling a certain stock by identifying divergences between stock price and volume flow. The accumulation/distribution is calculated by first calculating the money flow multiplier then multiplying the money flow multiplier by the period’s volume.

Calculation: Accumulation Distribution Line:
1) Money Flow Multiplier = [(close - low) - (high - close)] / (high - low);
2) Money Flow Volume = Money Flow Multiplier x volume for the period;
3) Accumulation/Distribution= previous Accumulation/Distribution + current periods Money Flow Volume.


PROFILE: Meridian Energy (MEZ.AX)


Stock Exchange: ASX
Company: Meridian Energy
Ticker Codes: | MEZ.AX | ASX:MEZ |

About Meridian Energy (ASX:MEZ):

Meridian Energy Limited engages in the generation, trading, and retail of electricity. The company generates electricity primarily through water and wind resources. It operates seven hydro stations and five wind farms in New Zealand; owns and operates two wind farms in Australia; and a solar farm in Tongatapu, Tonga. The company provides its electricity to residential, business, and industrial customers. It operates under the Meridian and Powershop brand names. The company also provides management, insurance, financing, professional, trustee, and software development services. Meridian Energy Limited was incorporated in 1998 and is based in Wellington, New Zealand.

Top 10:

Accumulation Distribution

Download
Company Close Change(%) Volume Value Signal
BEE Broo 0.03 25 1,144,808 -38,428.7 BEARISH CROSSOVER
WBA Webster 1.38 4.6 61,801 -225,611.6 BEARISH CROSSOVER
AZJ Aurizon Holdings 6 1.9 13,559,789 -42,772.4 BEARISH CROSSOVER
SLK Sealink Travel 3.64 1.4 153,336 -186.6 BEARISH CROSSOVER
SHJ Shine Corporate 0.86 1.2 63,986 -3,147.2 BEARISH CROSSOVER
WTC Wisetech Global 35.17 1.1 1,499,292 -573,178.5 BEARISH CROSSOVER
RXP Rxp Services 0.55 0.9 91,452 -23,884.3 BEARISH CROSSOVER
PGF PM Capital Global Opportunities Fund 1.08 0.9 270,086 -3,900.9 BEARISH CROSSOVER
GDF Garda Diversified Property Fund 1.48 0.7 6,230 -6,809.4 BEARISH CROSSOVER
EZL Euroz 1.04 0.5 24,385 -2,437.4 BEARISH CROSSOVER