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%

What indicators would you like to backtest?

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

% Volume Oscillator

Score

0.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 13 17.8 0.77% 2.50% 4.3% -1.1% 38.6%
SHORT 13 35.5 0.54% 0.88% 1.0% -2.7% -14.8%

Summary

Technical Analysis

Meridian Energy (MEZ.AX)


Indicator:

% VOLUME OSCILLATOR


Last Signal:

BULLISH


Trading: HOLD @ $4.44
Signal Strength: MEDIUM
Recommendation:

Meridian Energy (ASX:MEZ) currently has positive PVO 18.34%. The recent volume is gaining momentum through a rise on the short term exponential moving average.

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement


The Percentage Volume Oscillator (PVO) is a momentum oscillator for volume. PVO measures the difference between two volume-based moving averages as a percentage of the larger moving average. As with MACD and the Percentage Price Oscillator (PPO) it is shown with a signal line a histogram and a centreline.

Calculation: Percentage Volume Oscillator (PVO):
1) Percentage Volume Oscillator (PVO): ((12-day EMA of Volume - 26-day EMA of Volume)/26-day EMA of Volume) x 100;
2) Signal Line: 9-day EMA of PVO; 3) Histogram: PVO - Signal Line;


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:

% Volume Oscillator

Download
Company Close Change(%) Volume Value Signal
GSW Getswift 0.28 12 1,005,626 8.8 BULLISH
BPT Beach Petroleum 2 10.8 15,230,683 8.47 BULLISH
JIN Jin 18.86 10.2 1,202,465 35.12 BULLISH
GGG Greenland Minerals 0.13 8.7 3,210,796 2.58 BULLISH
CYB Cybg 2.64 6.5 4,353,882 3.37 BULLISH
APX Appen 24.52 6.4 826,568 13.89 BULLISH
ISX Isignthis 1.02 5.7 1,816,615 2.57 BULLISH
PNI Pinnacle Investment Management 4.38 5.3 399,456 7.47 BULLISH
RWC Reliance Worldwide Corporation 3.26 5.2 6,549,870 11.28 BULLISH
ALU Altium 33.67 5 687,567 10.91 BULLISH