MEZ | Australian Securities Exchange

Meridian Energy: The current Fibonacci Retraction levels are: (23.61%) $3.42: (38.2%) $3.04: (50%) $3.01: (61.8%) $2.97The current support levels are: (78.6%) $2.91: (100%) $2.84: (138.2%) $2.71: (161.8%) $2.64: (261.8%) $2.31: (423.61%) $1.77

[BEARISH]: Meridian Energy current price has highlighted recent distribution. Currently, the OBV is -18954.9.

[BULLISH]: Meridian Energybuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for MEZ adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 3.4 & the greatest daily positive change this year has been 3.4. The longest consecutive upswing rally over the last 12 months has been 4 days giving a total rally upward movement of 728.8%. This quarter, the largest upswing rally has been 4 days giving a total rally upward movement of 6.4%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.8x. Over the last month the average daily upward movement has been 1.600000%

MEZ: TMA Current Signal -> (1) 22 Jan: BULLISH (2) 21 Jan: BULLISH (3) 18 Jan: BULLISH

[BULLISH CROSSOVER]: Meridian Energy current price has highlighted the commencement of accumulation and the start of bullish trading conditions. Currently, the DVI is 10.

Meridian Energy has broken the first DeMark resistance point ($3.3825) [Bullish]. Look for a long limit order entry near this point. Exit price for MEZ should be set @$3.435 & Stoploss for Meridian Energy should be set at $3.365

MEZ: MOM Current Signal -> (1) 22 Jan: BULLISH (2) 21 Jan: BULLISH (3) 18 Jan: BULLISH

[BULLISH]: Meridian Energy has a current Supertrend of 3.184

[BEARISH]: Meridian Energy current price has highlighted recent selling pressure. Currently, the Elders Force Index is -171.

[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 1.5%.

[BULLISH]: Meridian Energy currently has positive rate of change of 5.59%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

[BEARISH]: Meridian Energy UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.293.

MEZ: Close versus price range Current Signal ->(1) 22 Jan: BULLISH (2) 21 Jan: BEARISH (3) 18 Jan: BULLISH

[Trend]: ADX for MEZ has confirmed a strong trend is present. Meridian Energy has an ATR(14) of 0.081, a DX of 42.42 & an ADX(14) of 49.16

Meridian Energy: Coles Reaction Day has been confirmed A lower low has been achieved for last trading day for MEZ

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