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

Fibonacci Extensions

Score

-1.15

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 8 67.9 0.50% 1.00% 11.0% -3.1% 31.6%
SHORT 8 22.6 0.13% 0.13% 0.0% -4.0% -31.9%

Summary

Technical Analysis

Meridian Energy (MEZ.AX)


Indicator:

FIBONACCI EXTENSION


Signal Strength: MEDIUM
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.


Meridian Energy (ASX:MEZ) : The current Fibonacci Extension levels are:
(23.61%) $5.2
(38.2%) $5.04
(50%) $4.91
(61.8%) $4.78

The current support levels are:
(78.6%) $4.6
(100%) $4.36
(138.2%) $3.94
(161.8%) $3.68
(261.8%) $2.58
(423.61%) $0.8



Fibonacci extensions are used in Fibonacci retracement to predict spaces of resistance and support in the market. These extensions involve all levels drawn past the basic 100% level they are frequently used by traders to determine areas that will bring in profits.

Calculation: Fibonacci Extensions:
1) Uptrend: D = B — (A — B) x N%;
2) Downtrend: D = B + (B — A) x N %;
3) Fibonacci Levels:
61.8%
100%
138.2%
161.8%
261.8%
423.6%;


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:

Fibonacci Extensions

Download
Company Close Change(%) Volume Value Signal
BEE Broo 0.03 25 1,144,808 0.01 BULLISH
ALK Alkane Exploration 0.71 11.9 5,930,185 0.39 BULLISH
OFX Ozforex 1.59 10.8 939,506 0.24 BULLISH
CVW Clearview Wealth 0.7 7.7 158,305 0.2 BULLISH
KMD Kathmandu 2.83 7.6 284,197 1 BULLISH
PRU Perseus Mining 0.77 5.5 5,309,460 0.11 BULLISH
PME Pro Medicus 29.84 5.5 756,943 1.2 BULLISH
TWR Tower 0.72 5.1 2,365 2.8 BULLISH
WBA Webster 1.38 4.6 61,801 0.13 BULLISH
IVC Invocare 14.24 4.6 426,048 1.66 BULLISH