![[Bullish]: Trend following indicator for MEZ highlights upward price direction is likely](http://tricklar.com/ArticleImages/ASX/MEZ/MEZ_73.png
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[BULLISH]: Meridian Energy currently has a confirmed uptrend. Recent trading has caused the WMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is 4.1%.
[BEARISH]: Meridian Energy current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.34. Meridian Energy (ASX:MEZ) received a confirmed CMF crossover days on the Oct 29 2019. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.55 occurring on the Oct 29 2019.
[BULLISH CROSSOVER]: Meridian Energy current price has driven Envelope Bands to become overbought signalling the continuation of bullish rally likely Currently, the Upper Band is 4.7145.
[BULLISH]: Meridian Energy is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.
[BULLISH]: Meridian Energy currently has a confirmed uptrend. Recent trading has caused the EMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is 4.1%.
[BULLISH]: Meridian Energy has a current ARU(25) of 88 and a current ARD(25) of 52
[BULLISH]: Meridian Energy buyers are in control at the market close. This is the first day of buyer commitment for Meridian Energy adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 3 trading days with the closing price in the upper part of the range giving a confirmation ratio of 1.1%. Over the last month there has been 3 trading days with the closing price in the upper range giving a confirmation ratio of 37.5%. Currently this quarter, closing price has spent 3 days in the upper price range compared to 4 days in the lower range giving a ratio of 0.8x.
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[BULLISH]: Meridian Energy opened in the middle part of daily range at 50% & closed in the upper part of the trading range at 100%. This suggests the buyers have taken control. Over the last 12 months there has been 1 trading days with the opening price in the middle shadow & the closing the price in the upper shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading days with the opening price in the middle price range & the closing the price in the upper price range giving a confirmation ratio of 12.5%.
Meridian Energy: The current Fibonacci Retraction levels are: (23.61%) $4.74: (38.2%) $3.65: (50%) $3.54: (61.8%) $3.42The current support levels are: (78.6%) $3.26: (100%) $3.06: (138.2%) $2.7: (161.8%) $2.47: (261.8%) $1.52: (423.61%) $-0.01
Meridian Energy current pivot point Camarilla is: $4.79. The current resistance levels are: (R1) $5.249: (R2) $5.648: (R3) $6.048: (R4) $7.245The current support levels are: (S1) $4.451: (S2) $4.052: (S3) $3.653: (S4) $2.455
[BEARISH]: Meridian Energy currently has negative PVO -6.57%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 3.6%.
[BEARISH]: Meridian Energy (ASX:MEZ) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -149.
![The SWMA trend following signal is still current for Meridian Energy [Bullish]](http://tricklar.com/ArticleImages/ASX/MEZ/MEZ_61.png
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[BULLISH]: Meridian Energy currently has a confirmed uptrend. Recent trading has caused the SWMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is 4.1%.
[BULLISH]: Meridian Energy has a current Supertrend of 4.326. This has change 0 points from yesterday.
[Trend]: ADX for MEZ has confirmed a strong trend is present. Meridian Energy has an ATR(14) of 0.175, a DX of 35.93 & an ADX(14) of 29.82
[BULLISH]: Meridian Energy is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.
![Price moved on high volume to close higher for the day for MEZ [Difficult to Move]](http://tricklar.com/ArticleImages/ASX/MEZ/MEZ_78.png
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MEZ: EOM Current Signal -> (1) 11 Dec: BULLISH HARD (2) 10 Dec: BEARISH EASY (3) 09 Dec: BEARISH EASY
![The Volume MACD continues to fall below the signal line for MEZ [Bearish]](http://tricklar.com/ArticleImages/ASX/MEZ/MEZ_21.png
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[BEARISH]: Meridian Energy currently has negative Volume MACD of -2030. This means the signal line is less than the Volume MACD line signalling a bearish movement.
[BULLISH]: Meridian Energy has a Tricklar uptrend confirmation. This was confirmed through a price breakout on the Nov 25 2019.
Meridian Energy: The current Fibonacci Extension levels are: (23.61%) $4.74: (38.2%) $4.6: (50%) $4.49: (61.8%) $4.37The current support levels are: (78.6%) $4.21: (100%) $4.01: (138.2%) $3.65: (161.8%) $3.42: (261.8%) $2.47: (423.61%) $0.94
MEZ: Elder Ray Index Current Signal -> (1) 11 Dec: BULLISH (2) 10 Dec: BULLISH (3) 09 Dec: BULLISH
[BEARISH]: Meridian Energy (ASX:MEZ) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 112. The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 211.
[BULLISH]: Meridian Energy currently has positive PPO 2.236%. This means the current price is gaining momentum through a rise on the short term exponential moving average.
[BEARISH]: Meridian Energy (ASX:MEZ) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -3308.1.
[BULLISH]: Meridian Energy has formed a White candlestick. Normal buying pressure highlighting buyers were in control.
Meridian Energy has broken the first Woodie resistance point ($4.985) [Bullish]. Look for a long limit order entry near this point. Exit price for MEZ should be set @$4.985 & Stoploss for Meridian Energy should be set at $4.625
Meridian Energy current pivot point (DeMark) is: (R1) $4.94. The current pivot point (DeMark) is: (S1) $4.76.
