Technical Analysis for MEZ - Meridian Fpo Nzx  

Grade Last Price % Change Price Change
A 5.520 -3.16% -0.180
MEZ closed up 3.26 percent on Thursday, May 16, 2024, on 72 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Flat

Date Alert Name Type % Chg
Stochastic Reached Overbought Strength -3.16%
Above Upper BB Strength -3.16%
Overbought Stochastic Strength -3.16%
Upper Bollinger Band Touch Strength -3.16%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Cup with Handle Other 0.00%
Pocket Pivot Bullish Swing Setup -1.43%
Cup with Handle Other -1.43%
Crossed Above 20 DMA Bullish -0.72%
Crossed Above 50 DMA Bullish -0.72%

   Recent Intraday Alerts

Alert Time
Down 1 ATR about 2 hours ago
Down 3% about 2 hours ago
Possible NR7 about 4 hours ago
Down 2% about 7 hours ago
Down 1% about 7 hours ago

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Profile

Meridian Fpo Nzx   Description

Meridian Energy Limited is engaged in the business of generation, trading and retailing of electricity, and the sale of complementary products and services. The Company operates through three segments: Wholesale, Retail and International. The Wholesale segment includes activity associated with its New Zealand generation of electricity and its sale into the wholesale electricity market; purchase of electricity, and development of renewable electricity generation opportunities. The Retail segment includes activity associated with retailing of electricity and complementary products through its two brands: Meridian and Powershop in New Zealand. The International segment includes activity associated with its generation of electricity and sale into the wholesale electricity market; retailing of electricity through the Powershop brand in Australia, and licensing of the Powershop platform in the United Kingdom. The Company supplies electricity to power homes, businesses and farms.


Classification

Sector: Utilities
Industry: Utilities - Independent Power Producers
Keywords: Energy Farm Retailing Universe Electricity Electric Power Distribution Electric Power Electricity Generation Electricity Market Supplies Electricity New Zealand Electricity Market Wholesale Electricity Market

Is MEZ a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 5.97
52 Week Low 4.3337
Average Volume 31,402
200-Day Moving Average 5.030
50-Day Moving Average 5.420
20-Day Moving Average 5.458
10-Day Moving Average 5.505
Average True Range 0.168
RSI (14) 57.63
ADX 17.2
+DI 20.057
-DI 13.113
Chandelier Exit (Long, 3 ATRs) 5.197
Chandelier Exit (Short, 3 ATRs) 5.713
Upper Bollinger Bands 5.672
Lower Bollinger Band 5.244
Percent B (%b) 1.07
BandWidth 7.831
MACD Line 0.055
MACD Signal Line 0.032
MACD Histogram 0.023
Fundamentals Value
Market Cap 14.61 Billion
Num Shares 2.56 Billion
EPS 0.05
Price-to-Earnings (P/E) Ratio 105.56
Price-to-Sales 4.61
Price-to-Book 3.07
PEG Ratio 10.29
Dividend 0.16
Dividend Yield 2.81%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 5.970
Resistance 3 (R3) 5.940 5.820 5.925
Resistance 2 (R2) 5.820 5.751 5.835 5.910
Resistance 1 (R1) 5.760 5.709 5.790 5.790 5.895
Pivot Point 5.640 5.640 5.655 5.655 5.640
Support 1 (S1) 5.580 5.571 5.610 5.610 5.505
Support 2 (S2) 5.460 5.529 5.475 5.490
Support 3 (S3) 5.400 5.460 5.475
Support 4 (S4) 5.430