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%

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Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Pivot Points

Score

-5.5

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 55 8.2 0.35% 0.49% 1.6% -2.2% -56.5%
SHORT 56 6.8 0.14% 0.16% 0.9% -2.5% -118.5%

Summary

Technical Analysis

Meridian Energy (MEZ.AX)


Indicator:

PIVOT POINT


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) current pivot point is: $ 4.677.
The current resistance levels are:
(R1) $4.744
(R2) $4.777
(R3) $4.844

The current support levels are:
(S1) $4.644
(S2) $4.577
(S3) $4.544



Pivots Points are significant levels chartists can use to determine directional movement support and resistance. Pivot Points use the prior period’s high low and close to formulate future support and resistance. In this regard Pivot Points are predictive or leading indicators.

Calculation: Pivot Points:
1) Pivot Point (P) = (High + Low + Close)/3;
2) Support 1 (S1) = (P x 2) – High; Support 2 (S2) = P - (High - Low);
3) Resistance 1 (R1) = (P x 2) – Low Resistance 2; (R2) = P + (High - Low);


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.

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