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%



Code Company Date Close Change Indicator Value Signal

Trading Performance

Commodity Channel Index



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 65 5.5 0.68% 1.76% 2.5% -2.4% 47.6%
SHORT 66 7.4 0.52% 0.97% 2.1% -2.6% -18.8%


Technical Analysis

Meridian Energy (MEZ.AX)



Last Signal:


Trading: HOLD @ $5.29
Signal Strength: MEDIUM

Meridian Energy (ASX:MEZ) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is 44. The bullish signal has been active for 0 day. During the quarter, the lowest CCI value was -20.

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.

The Commodity Channel Index indicator takes a security’s change in price and compares that to its average change in price. CCIs calculation produces positive and negative values that oscillate above and below a Zero Line. Typically a value of 100 is identified as overbought and a reading of -100 is identified as being oversold.

Calculation: 20 Period CCI:
1) CCI = (Typical Price - 20 Period SMA of TP) / (.015 x Mean Deviation);
2) Typical Price (TP) = (High + Low + Close)/3;

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:

Commodity Channel Index

Company Close Change(%) Volume Value Signal
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GNE Genesis Energy 3.17 3.9 59,116 -7 BEARISH CROSSOVER
LLC Lend Lease Corporation 19.28 3.7 4,715,579 141 BEARISH CROSSOVER
VRT Virtus Health 4.77 3 291,278 -76 BEARISH CROSSOVER
LAU Lindsay Australia 0.37 2.8 414,789 -19 BEARISH CROSSOVER
WTC Wisetech Global 19.28 2.1 3,322,936 -2 BEARISH CROSSOVER
GNC Graincorp 8.49 1.7 618,383 106 BEARISH CROSSOVER
SDG Sunland 1.77 1.1 20,723 147 BEARISH CROSSOVER
GTK Gentrack 2.2 0.9 2,599 -52 BEARISH CROSSOVER
DWS DWS 1.07 0.9 35,056 155 BEARISH CROSSOVER