Meridian Energy (MEZ)

Download button icon Download

Meridian Energy (MEZ): Signals

No data currently available.

data-ad-format="auto">

Explore Compare Share

TECHNICAL ANALYSIS SUMMARY

Meridian Energy (MEZ.AX)


Indicator:

TRICKLAR TREND


Last Signal:

BEARISH


Trading: SELL @ $3.07
Signal Strength: STRONG
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.


Meridian Energy (ASX:MEZ) has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Oct 4 2018.



The Tricklar medium term trend indicator (TRICK) highlights the peaks and troughs associated with a combination of bars within the first timeframe. As such, successive rallies penetrating preceding higher peaks whilst cancelling preceding low points offer a BULLISH indication in the second time frame. Conversely, failure of rallies to penetrate previous high points whilst maintaining prices below the previous low points indicates BEARISH trends in the second timeframe. The way in which multiple timeframes should be integrated in a complete analysis emphasises an important principle that applies to all technical analysis. The investor should always analyse a market from the big picture down to the level at which trading decisions are made. Trends can exist in many timeframes. Short term trends can therefore be seen together as part of a medium term trend and, in turn, medium trends can be seen together as part of a long term trend.
Calculation: Tricklar medium trend (TRICK):
1) [BULLISH] An uptrend is a succession of higher peaks and higher troughs;
2) [BEARISH] A downtrend is a succession of lower peaks and lower troughs;


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:

Tricklar Trend

Download button icon Download
Company Close Change (%) Volume Value Signal
PNR Pacific Niugini Minerals 0.18 9.1 888,016 -1 BEARISH
FBR Fastbrick Robotics 0.2 8.3 3,584,908 -1 BEARISH
NWH NRW 1.95 7.1 6,083,196 -1 BEARISH
ISD Isentia 0.33 6.6 2,882,483 -1 BEARISH
PMP PMP 0.19 5.7 62,582 -1 BEARISH
BKY Berkeley Resources 0.23 4.7 246,749 -1 BEARISH
MUA Mitula 0.72 4.4 1,672,364 -1 BEARISH
AKP Audio Pixels Holdings 18 4 4,620 -1 BEARISH
TRS Reject Shop 2.43 3.8 132,067 -1 BEARISH
OSP Osprey Medical 0.15 3.6 43,001 -1 BEARISH
back to top