[BEARISH]: Meridian Energy current price has highlighted recent distribution. Currently, the OBV is -249442.
On Balance Volume (OBV) attempts to measure the level of accumulation or distribution by comparing volume to price movements. Volume is added to the indicator if closing price moves up and subtracted if closing price moves down. No adjustment is made if closing price is unchanged.
Calculation: On Balance Volume:
1) If the closing price is above the prior close price then: Current OBV = Previous OBV + Current Volume;
2) If the closing price is below the prior close price then: Current OBV = Previous OBV - Current Volume;
3) If the closing prices equals the prior close price then: Current OBV = Previous OBV (no change)
PROFILE: Meridian Energy (MEZ.AX)
Stock Exchange: ASX
Company: Meridian Energy
Ticker Codes: | MEZ.AX | 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.
On Balance VolumeDownload
|SLR Silver Lake Resources||0.57||9.6||4,014,673||-2,673,396||BEARISH|
|KDR Kidman Resources||1.17||8.3||6,199,530||-574,066||BEARISH|
|RMS Ramelius Resources||0.5||7.5||3,500,339||-45,412||BEARISH|
|BOC Bougainville Copper||0.17||6.3||61,005||-294,560||BEARISH|
|CNI Centuria Capital||1.39||6.1||207,220||-1,919,061||BEARISH|
|RND Rand Mining||4.03||6.1||33,780||-19,864,019||BEARISH|