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

Relative Strength Index

Score

-1.65

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 4 8.8 0.50% 0.67% 0.5% -1.0% -2.0%
SHORT 5 131.8 0.00% 0.00% 0.0% -11.7% -58.7%

Summary

Technical Analysis


The relative strength index (RSI) is a momentum indicator developed by noted technical analyst Welles Wilder which compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security. It is primarily used to attempt to identify overbought or oversold conditions in the trading of an asset.

Calculation: Relative Strength Index (RSI):
1) RSI = 100 - 100 / (1 + RS);
2) RS = Average Gain / Average Loss;


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:

Relative Strength Index

Download
Company Close Change(%) Volume Value Signal
EPW ERM Power 2.45 42.4 11,431,310 55.88 NEUTRAL
CAT Catuity 1.45 19.8 3,518,540 44.46 NEUTRAL
PME Pro Medicus 30.58 16.1 617,868 45.87 NEUTRAL
SOM Somnomed 2.1 13.5 18,826 46.2 NEUTRAL
OML Ooh!Media 2.93 9.3 2,328,774 54.48 NEUTRAL
NEC Nine Entertainment 1.95 8 11,923,272 48.35 NEUTRAL
OMH OM Holdings 0.68 7.9 108,965 48.69 NEUTRAL
IRI Integrated Research 2.79 7.7 713,781 35.86 NEUTRAL
IPD Impedimed 0.14 7.7 816,365 33.23 NEUTRAL
CGC Consolidated Gaming Corporation 3.79 7.7 2,950,452 36.82 NEUTRAL