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%



Code Company Date Close Change Indicator Value Signal

Trading Performance

Weighted Moving Average



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 70 7.2 0.13% 0.15% 2.1% -2.1% -114.1%
SHORT 71 5.0 0.06% 0.06% 1.3% -2.5% -167.6%


Technical Analysis

Meridian Energy (MEZ.AX)



Last Signal:


Trading: SELL @ $4.7
Signal Strength: STRONG

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to highlight trends across numerous timeframes. This indicator has the ability to smooth historical results to illustrate trend initiation and status. Although this is a simple trend following indicator & can provide good results when coupled with the right indicator. Note, this indicator does not work well in ranging markets producing unwanted whipsaws and false signals.

Meridian Energy (ASX:MEZ) currently has a confirmed downtrend. Recent trading has caused the WMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is -0.6%.

Weighted moving averages (WMA) are difficult to construct but more reliable than the simple moving averages. WMA permits an unequal weighting on prior time periods.

Calculation: Weighted Moving Average (WMA):
1) Ft= W1At-1 + WnAt-n

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:

Weighted Moving Average

Company Close Change(%) Volume Value Signal
BEE Broo 0.03 25 1,144,808 12.5 BULLISH
ALK Alkane Exploration 0.71 11.9 5,930,185 22.7 BULLISH
CAT Catuity 1.51 7.9 490,474 3.3 BULLISH
KMD Kathmandu 2.83 7.6 284,197 11.9 BULLISH
PRU Perseus Mining 0.77 5.5 5,309,460 8.6 BULLISH
TWR Tower 0.72 5.1 2,365 3 BULLISH
RSG Resolute Mining 1.6 4.6 10,305,965 1.6 BULLISH
IVC Invocare 14.24 4.6 426,048 2.6 BULLISH
DCN Dacian Gold 1.36 4.6 5,417,629 4.6 BULLISH
OMH OM Holdings 0.55 3.8 1,508,187 14.8 BULLISH