Meridian Energy (MEZ)

Download button icon Download

Meridian Energy (MEZ): Signals

No data currently available.

data-ad-format="auto">

Explore Compare Share

TECHNICAL ANALYSIS SUMMARY

Meridian Energy (MEZ.AX)


Indicator:

DONCHIAN CHANNELS


Last Signal:

BULLISH


Trading: HOLD @ $3.72
Signal Strength: STRONG
Recommendation:

Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.


Meridian Energy (ASX:MEZ) is currently bullish highlighting the potential for a short term trend continuation in the upward direction.



The Donchian channel is a useful indicator for seeing the volatility of a market price. If a price is stable the Donchian channel will be relatively narrow. If the price fluctuates a lot the Donchian channel will be wider. The two outer bands are plotted as the highest high and lowest low for a set period originally 20 days with the optional middle band calculated as the average of the two.

Calculation: Donchian Channels:
1) Upper Channel = 20 Day High;
2) Lower Channel = 20 Day Low;
3) Middle Channel = (20 Day High + 20 Day Low)/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:

Donchian Channels

Download button icon Download
Company Close Change (%) Volume Value Signal
NZM Nzme 0.6 10.1 727,647 36.84 BULLISH
RND Rand Mining 2.55 8.5 7,333 50 BULLISH
BSE BSE 0.31 6.9 5,751,732 50 BULLISH
CIA Champion Iron 2.12 5 1,223,895 50 BULLISH
SMX Sms Management & Technology 0.56 4.7 622,801 16.67 BULLISH
PRU Perseus Mining 0.48 4.3 4,667,981 50 BULLISH
SDG Sunland 1.62 4.2 54,190 50 BULLISH
ZIM Zimbabwe Platinum Mines 7.35 3.8 3,289 21.88 BULLISH
MMS Mcmillan Shakespeare 13.21 3.6 903,061 17.92 BULLISH
GOR Gold Road Resources 0.98 3.2 2,668,725 50 BULLISH
back to top