Meridian Energy

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%

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Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Continuation Candlestick

Score

-2.95

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 24 23.4 0.38% 0.56% 3.9% -2.8% -10.2%
SHORT 23 9.0 0.13% 0.14% 1.6% -3.0% -57.6%

Summary

Technical Analysis

Meridian Energy (MEZ.AX)


Indicator:

THREE WHITE SOLDIERS


Last Signal:

BULLISH


Trading: BUY @ $4.71
Signal Strength: STRONG
Recommendation:

Indicator CAN BE USED in additional to another technical indicator to confirmation for trading position. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This Japanese candlestick indicator can provide guidance on the short term battle between sellers and buyers from the companies recent trading.


Meridian Energy (ASX:MEZ) has formed a new Three White Soldiers pattern.



The three white soldiers candlestick pattern suggests a strong change in market sentiment. Without any significant shadows, the market opens slightly lower, the bulls take over the rally all session, and close near the high of the day. The pattern may appear during periods of consolidation or following a prolonged downtrend, but the latter represents the most attractive opportunity for traders to take long positions.


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.

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