MEZ | Australian Stock Exchange

Meridian Energy
+ Share

MEZ Basic Candle: Long Black
Long Black Candle /
MEZ Basic Candle: Long Black

[BEARISH]: Meridian Energy has formed a Long Black candlestick. This means, MEZ has traded with strong selling pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Percentage Price /
PPO: The shorter moving average for MEZ is still below the longer term moving average

MEZ: PPO Current Signal -> (1) 19 Jul: BEARISH (2) 18 Jul: BEARISH (3) 17 Jul: BEARISH

Williams %R /
William %R for MEZ has crossed below the oversold limit triggering a bullish crossover signal

[BEARISH]: Meridian Energy is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Volume /
Volume for MEZ has surpassed the volume of the previous trading session

[BULLISH]: Meridian Energy current volume uptrend in the first timeframe. Volume for MEZ is 23397 (1069.9).

Key Reversal /
A short term Key Reversal has formed with Meridian Energy

MEZ: Bar Reversal Current Signal -> (1) 19 Jul: BEARISH (2) 18 Jul: BEARISH (3) 17 Jul: NEUTRAL

Top companies for
Australian Stock Exchange
Close Tod Vs Range Tod /
Meridian Energy: Sellers are in control at the market close.

[BEARISH]: Meridian Energy sellers in control. This is the first day of seller commitment for Meridian Energy adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 84 trading days with the closing price in the lower part of the range giving a confirmation ratio of 31.9%. Over the last month there has been 7 trading days with the closing price in the lower range giving a confirmation ratio of 50%. Currently this quarter, closing price has spent 7 days in the lower price range compared to 5 days in the upper range giving a ratio of 1.4x.

Meridian Energy: DVI(-13)
Daily Volume Index /
Meridian Energy: DVI(-13)

[BEARISH CROSSOVER]: Meridian Energy current price has highlighted the commencement of distribution and the start of bearish trading conditions. Currently, the DVI is -13.

Meridian Energy: Volume MACD oscillator (-239)
MACD Volume /
Meridian Energy: Volume MACD oscillator (-239)

[BEARISH]: Meridian Energy currently has negative Volume MACD of -239. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Weighted Moving Average /
Meridian Energy: Closing price $2.83 is below the WMA(5) @$2.854

MEZ: WMA Current Signal -> (1) 19 Jul: BEARISH CROSSOVER (2) 18 Jul: BULLISH CROSSOVER (3) 17 Jul: BEARISH

Simple Moving Average /
Meridian Energy is in a short term downtrend with the closing price @$2.83

[BEARISH]: Meridian Energy currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -2.1%.

Opening Price /
Meridian Energy: Daily opening performance is 0.3 % [Uptrend]

[BULLISH]: Meridian Energy opening price has gapped up. Currently, the OPEN is $2.9 (0.3 %).

[Long]: Limit orders for Meridian Energy should be set at $2.8475
Demarks Pivot Points /
[Long]: Limit orders for Meridian Energy should be set at $2.8475

Meridian Energy has broken the first DeMark resistance point ($2.8475) [Bullish]. Look for a long limit order entry near this point. Exit price for MEZ should be set @$2.865 & Stoploss for Meridian Energy should be set at $2.795

Negative ROC for Meridian Energy is a leading indicator for continued price fall
Rate of Change /
Negative ROC for Meridian Energy is a leading indicator for continued price fall

[BEARISH]: Meridian Energy currently has negative rate of change of -1.049%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Woodie Pivot Point /
[Long]: Exit price for MEZ should be set @$2.918

Meridian Energy has broken the first Woodie resistance point ($2.866) [Bullish]. Look for a long limit order entry near this point. Exit price for MEZ should be set @$2.918 & Stoploss for Meridian Energy should be set at $2.778

Average True Range /
Meridian Energy has signalled an ATR trend present [Uptrend]

MEZ: Average True Range Recent Trading -> (1) 19 Jul: 0.055 (2) 18 Jul: 0.054 (3) 17 Jul: 0.055

Sine Weighted Moving Average /
Price is now trading below the Sine Weighted Moving Average(5) for MEZ

[BEARISH]: Meridian Energy currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -2.1%.

Accumulation still active for Meridian Energy
Accumulation / Distribution /
Accumulation still active for Meridian Energy

[BULLISH]: Meridian Energy current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 97545.

5-day momentum is now decreasing for Meridian Energy
Momentum /
5-day momentum is now decreasing for Meridian Energy

[BEARISH CROSSOVER]: Meridian Energy currently has negative momentum of -0.02 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -2.1%.The largest downward momentum rally for the last 3 months is 6 days producing a return of -4.7%.

Meridian Energy: On Balance Volume (-25971)
On Balance Volume /
Meridian Energy: On Balance Volume (-25971)

[BEARISH]: Meridian Energy current price has highlighted recent distribution. Currently, the OBV is -25971.

Stochastic Oscillator /
Stochastic Oscillator (13.3) for MEZ is now below the oversold limit

[BULLISH]: Meridian Energy is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

MACD /
Meridian Energy: MACD oscillator (-0.0081)

MEZ: MACD Current Signal -> (1) 19 Jul: BEARISH (2) 18 Jul: BEARISH (3) 17 Jul: BEARISH

Long Trend /
Meridian Energy has maintained the 3rd timeframe trend [Uptrend]

[BULLISH]: Meridian Energy has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Apr 30 2018.

Percentage Volume /
Meridian Energy: Percentage Volume Oscillator (-9.54)

[BEARISH]: Meridian Energy currently has negative PVO -9.54%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -2.6%.

MEZ: Price continues to move below the Lower Envelope Band @$2.736
Moving Average Envelope /
MEZ: Price continues to move below the Lower Envelope Band @$2.736

[BULLISH]: Meridian Energy current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 2.736.

Meridian Energy: Closing price is $2.83 (-2.1 %)
Closing Price /
Meridian Energy: Closing price is $2.83 (-2.1 %)

MEZ: CLOSE Current Signal -> (1) 19 Jul: BEARISH (2) 18 Jul: BULLISH (3) 17 Jul: BULLISH

Open Tod Vs Close Tod /
Meridian Energy: Sellers were in control all day.

[BEARISH STRONG]: Meridian Energy opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day. Over the last 12 months there has been 52 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 19.8%. Over the last month there has been 3 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 21.4%.

See More   See more results
back to top