|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Meridian Energy (MEZ.AX)
Trading: SELL @ $4.7
Signal Strength: STRONG
Meridian Energy (ASX:MEZ) current price has highlighted the commencement of distribution and the start of bearish trading conditions. Currently, the ADLINE is -2320.5. During the quarter, the lowest ADLINE value was -2778.3.
A bearish crossover has been confirmed due the last trading session with is a strong indication of a diretional change. This indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. 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 |
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.
|ATL ASX 20||0.34||28.3||690,133||-87,565.2||BEARISH|
|GNG GR Engineering Services||0.93||10.7||11,298||-1,851.5||BEARISH|
|NEC Nine Entertainment||1.72||6.5||17,074,895||-2,203,690.3||BEARISH|
|PNR Pacific Niugini Minerals||0.1||4.4||3,331,845||-3,726.3||BEARISH|
|GTN GTN Resources||0.86||4.3||3,211||-96,742.1||BEARISH|
|BFC Beston Global Food||0.08||3.9||114,832||-86,042||BEARISH|