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 @ $3.38
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
GZL Gazal Corporation 4.29 19.2 52,882 48.48 BULLISH
KGN Kogan 4.57 15.1 2,758,211 43.94 BULLISH
IRI Integrated Research 2.49 8.3 567,896 18.42 BULLISH
CSV CSG 0.15 7.1 156,978 37.8 BULLISH
AXP Airxpanders Inc 0.03 6.7 158,933 22.22 BULLISH
AJM Altura Mining 0.17 6.5 2,423,817 20.83 BULLISH
FSA FSA 1.13 6.1 36,905 41.67 BULLISH
KDR Kidman Resources 1.23 5.2 2,238,007 39.74 BULLISH
SGM Sims 10.95 5 1,185,726 37.88 BULLISH
FIG Freedom Insurance 0.02 4.8 45,729 4.55 BULLISH
back to top