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%

What indicators would you like to backtest?

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Close Change

Score

-3.7

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 69 6.7 0.28% 0.37% 2.6% -1.6% -33.1%
SHORT 70 5.7 0.24% 0.29% 1.0% -1.9% -94.0%

Summary

Technical Analysis

Meridian Energy (MEZ.AX)


Indicator:

PRICE CHANGE


Last Signal:

BULLISH


Trading: HOLD @ $4.71
Signal Strength: WEAK
Recommendation:

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.


Meridian Energy (ASX:MEZ) buyers are keener than sellers and are driving the price up. There has been 4 consecutive days of price rise for MEZ adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 3.8 & the greatest daily positive change this year has been 827.1. The longest consecutive upswing rally over the last 12 months has been 4 days giving a total rally upward movement of 827.5%. This quarter, the largest upswing rally has been 4 days giving a total rally upward movement of 827.5%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1.7x. Over the last month the average daily upward movement has been 1.500000%



The only price most market participants look at is the closing price in relation to the previous day’s close. As such the position of the close has the ability to highlight recent performance and indirectly the keenness of traders.

[Calculations] Close Today Versus Close Yesterday (CTCY):
1) [Close] > [Close Yesterday] = Buyers keener than sellers;
2) [Close] < [Close Yesterday] = Sellers keener than buyers;
3) [Close] = [Close Yesterday] = Neither are keener


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:

Close Change

Download
Company Close Change(%) Volume Value Signal
SOM Somnomed 2.1 13.5 18,826 -1 BEARISH CROSSOVER
IRI Integrated Research 2.79 7.7 713,781 -1 BEARISH CROSSOVER
WTC Wisetech Global 32.89 6.9 2,316,433 -1 BEARISH CROSSOVER
MAH Macmahon 0.18 5.9 1,103,484 -1 BEARISH CROSSOVER
OPT Opthea 2.78 4.9 188,339 -1 BEARISH CROSSOVER
OVH Onevue Holdings 0.46 4.5 119,418 -1 BEARISH CROSSOVER
KMD Kathmandu 2.46 4.2 107,512 -1 BEARISH CROSSOVER
INA Ingenia Communities 3.75 4.2 580,438 -1 BEARISH CROSSOVER
CGL The Citadel 3.82 3.8 295,775 -1 BEARISH CROSSOVER
ARB Arb Corporation 18.81 3.1 303,647 -1 BEARISH CROSSOVER