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

Bollinger Bands

Score

-8.45

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 66 8.2 0.20% 0.22% 1.2% -1.9% -92.6%
SHORT 64 4.9 0.06% 0.07% 0.4% -2.5% -152.1%

Summary

Technical Analysis


The purpose of the Bollinger Bands is to provide a relative definition of high and low. By definition prices are high at the upper band and low at the lower band. This definition can aid in rigorous pattern recognition and is useful in comparing price action of the action of indicators to arrive at systematic trading decision.

Calculation: Bollinger Bands:
1) Middle Band = 20-day simple moving average (SMA);
2) Upper Band = 20-day SMA + (20-day standard deviation of price x 2);
3) Lower Band = 20-day SMA - (20-day standard deviation of price x 2);


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:

Bollinger Bands

Download
Company Close Change(%) Volume Value Signal
MVP Medical Developments 5.79 12 245,893 19.64 BULLISH
GTN GTN Resources 0.78 6.8 57,066 11 BULLISH
BWX BWX 4.04 6.3 307,389 18.23 BULLISH
CAT Catuity 1.34 5.9 99,920 48.57 BULLISH
AVJ Av Jennings Homes 0.6 5.3 386,251 3.65 BULLISH
SYR Syrah Resources 0.4 5.3 4,047,447 4.64 BULLISH
NMT Neometals 0.22 4.9 812,159 2.51 BULLISH
SAR Saracen Mineral 3.53 4.7 14,040,159 21.8 BULLISH
AUB Austbrokers Holdings 11.94 4.7 403,318 6.62 BULLISH
MSB Mesoblast 1.73 4.5 1,060,318 16.66 BULLISH