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**Meridian Energy**

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Meridian Energy current pivot point is: 3.377. The current resistance levels are: (R2) $3.447: (R2) $3.447: (R3) $3.494: The current support levels are: (S1) $3.354: (S2) $3.307: (S3) $3.284

MEZ: EOM Current Signal -> (1) 22 Jan: BULLISH HARD (2) 21 Jan: BULLISH HARD (3) 18 Jan: BEARISH EASY

**Meridian Energy: 0.618 Fibonacci Retraction (2.97)**

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

**Meridian Energy: Current trading activity OBV signals distribution is present**

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

**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**

[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%

**[Uptrend]: Recent trading for MEZ indicates ST trend is likely to continue**

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

Meridian Energy current pivot point (Woodie) is: $3.383. The current resistance levels are: (R1) $3.436: (R2) $3.453The current support levels are: (S1) $3.366: (S2) $3.313

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

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

[BULLISH]: Meridian Energy has a Tricklar uptrend confirmation. This was confirmed through a price breakout on the Jan 16 2019.

**[Long]: Exit price for MEZ should be set @$3.435**

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

**Positive momentum for Meridian Energy is a leading indicator for continued price rise**

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

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

[BULLISH]: Meridian Energy currently has positive Volume MACD of 7234. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

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

**Price is now trading above the Weighted Moving Average(15) for MEZ**

[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%.

**Meridian Energy currently has positive rate of change for 5.59**

[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

[BULLISH]: Meridian Energy has a current ARU(25) of 80 and a current ARD(25) of 24

[BULLISH]: Meridian Energy currently has positive volume of change of 34243%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 1.5%.

[BULLISH]: Meridian Energy Elder Ray Index is signalling a Bullish movementERI is 0.031 indicating bull power. Prices are being driven above the consensus of value for MEZ during the last trading session [Buying Pressure]

**Drawdown for Meridian Energy is currently low signalling low stress**

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

**This is the first day of buyer commitment for Meridian Energy adding strength to an uptrend in the first timeframe**

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

**MEZ: Average Directional Index has confirmed a strong trend @49.16**

[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

**The daily range for Meridian Energy has achieved a lower low [Bearish]**

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

[BULLISH]: Meridian Energy currently has positive PPO 1.898%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Meridian Energy: The current Fibonacci Fan levels are: (23.61%) $3.78: (38.2%) $3.36: (50%) $3.32: (61.8%) $3.28The current support levels are: (78.6%) $3.21: (100%) $3.14: (138.2%) $2.99: (161.8%) $2.92: (261.8%) $2.55: (423.61%) $1.95

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