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

Demark's Pivot Points

Score

-7.1

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 108 4.3 0.27% 0.34% 1.2% -2.1% -146.4%
SHORT 107 4.4 0.21% 0.26% 1.2% -2.6% -203.7%

Summary

Technical Analysis

Meridian Energy (MEZ.AX)


Indicator:

DEMARK 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 (DeMark) is:
(R1) $4.89.

The current pivot point (DeMark) is:
(S1) $4.75.



Demark Pivot Points start with a different base and use different formulas for support and resistance. These Pivot Points are conditional on the relationship between the close and the open.

Calculation: Demarks Pivot Points:
1) If Close < Open then X = High + (2 x Low) + Close;
2) If Close > Open then X = (2 x High) + Low + Close;
3) If Close = Open then X = High + Low + (2 x Close) ;
4) Pivot Point (P) = X/4;
5) Support 1 (S1) = X/2 – High;
6) Resistance 1 (R1) = X/2 – 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.

Top 10:

Demark's Pivot Points

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ONE Oneview Healthcare 0.29 7.4 3,200 0 BULLISH CROSSOVER
BRN Brainchip Holdings 0.05 6.7 3,264,414 0 BULLISH CROSSOVER
SDA Speedcast International 1.24 6 4,505,876 0.02 BULLISH CROSSOVER
SHM Shriro 0.71 5.2 80,561 0.02 BULLISH CROSSOVER
SYR Syrah Resources 0.54 4.9 2,557,693 0 BULLISH CROSSOVER
ISD Isentia 0.45 4.7 660,482 0.01 BULLISH CROSSOVER
NBL Noni B 3 4.5 142,113 0.04 BULLISH CROSSOVER
CIM Cimic 32.3 4 935,992 0.22 BULLISH CROSSOVER