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Meridian Energy Ltd
Buy, Hold or Sell?

Let's analyse Meridian Energy Ltd together

PenkeI guess you are interested in Meridian Energy Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Meridian Energy Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Meridian Energy Ltd (30 sec.)










What can you expect buying and holding a share of Meridian Energy Ltd? (30 sec.)

How much money do you get?

How much money do you get?
A$0.40
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
A$2.18
Expected worth in 1 year
A$2.86
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
A$1.29
Return On Investment
24.5%

For what price can you sell your share?

Current Price per Share
A$5.28
Expected price per share
A$5.02 - A$
How sure are you?
50%
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1. Valuation of Meridian Energy Ltd (5 min.)




Live pricePrice per Share (EOD)

A$5.28

Intrinsic Value Per Share

A$-0.92 - A$1.23

Total Value Per Share

A$1.26 - A$3.42

2. Growth of Meridian Energy Ltd (5 min.)




Is Meridian Energy Ltd growing?

Current yearPrevious yearGrowGrow %
How rich?$3.6b$3.4b$286.2m7.8%

How much money is Meridian Energy Ltd making?

Current yearPrevious yearGrowGrow %
Making money$58.5m$278.1m-$219.5m-374.7%
Net Profit Margin3.0%12.2%--

How much money comes from the company's main activities?

3. Financial Health of Meridian Energy Ltd (5 min.)




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What can you expect buying and holding a share of Meridian Energy Ltd? (5 min.)

Welcome investor! Meridian Energy Ltd's management wants to use your money to grow the business. In return you get a share of Meridian Energy Ltd.

What can you expect buying and holding a share of Meridian Energy Ltd?

First you should know what it really means to hold a share of Meridian Energy Ltd. And how you can make/lose money.

Speculation

The Price per Share of Meridian Energy Ltd is A$5.28. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Meridian Energy Ltd.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Meridian Energy Ltd, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is A$2.18. Based on the TTM, the Book Value Change Per Share is A$0.17 per quarter. Based on the YOY, the Book Value Change Per Share is A$0.11 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is A$0.15 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Meridian Energy Ltd.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 A$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per Share
Usd Eps0.020.4%0.020.4%0.163.0%0.081.5%0.071.2%
Usd Book Value Change Per Share0.112.1%0.112.1%0.071.4%0.061.1%0.030.6%
Usd Dividend Per Share0.101.9%0.101.9%0.091.6%0.112.0%0.102.0%
Usd Total Gains Per Share0.214.0%0.214.0%0.163.0%0.163.1%0.142.6%
Usd Price Per Share3.36-3.36-2.71-3.07-2.28-
Price to Earnings Ratio148.37-148.37-17.10-61.28-45.72-
Price-to-Total Gains Ratio15.89-15.89-17.23-28.27-22.72-
Price to Book Ratio2.35-2.35-2.06-2.36-1.82-
Price-to-Total Gains Ratio15.89-15.89-17.23-28.27-22.72-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share3.452592
Number of shares289
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.100.11
Usd Book Value Change Per Share0.110.06
Usd Total Gains Per Share0.210.16
Gains per Quarter (289 shares)61.1347.22
Gains per Year (289 shares)244.50188.88
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
111712823512564179
2233256480249128368
3350384725374193557
4466512970499257746
55836401215624321935
670076714607483851124
781689517058734491313
8933102319509985131502
910491151219511225781691
1011661279244012476421880

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%14.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%7.03.00.070.0%8.06.00.057.1%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%14.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%13.01.00.092.9%
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Fundamentals of Meridian Energy Ltd

About Meridian Energy Ltd

Meridian Energy Limited engages in the generation, trading, and retailing of electricity to residential, business, and industrial customers in New Zealand, Australia, and the United Kingdom. It generates electricity through 7 hydro stations that has a capacity of 2,353 MW; 5 wind farms that has a capacity of 416 MW; and grid-scale solar array, as well as offers solar installation services. It sells electricity under the Meridian Energy and Powershop brands. The company was formerly known as Hydro Energy Limited. Meridian Energy Limited was incorporated in 1998 and is based in Wellington, New Zealand.

Fundamental data was last updated by Penke on 2024-02-27 01:03:07.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is overpriced.
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1.1. Profitability of Meridian Energy Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Meridian Energy Ltd earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Meridian Energy Ltd to the Utilities - Renewable industry mean.
  • A Net Profit Margin of 3.0% means that $0.03 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Meridian Energy Ltd:

  • The MRQ is 3.0%. The company is making a profit. +1
  • The TTM is 3.0%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ3.0%TTM3.0%0.0%
TTM3.0%YOY12.2%-9.3%
TTM3.0%5Y8.0%-5.1%
5Y8.0%10Y8.2%-0.1%
1.1.2. Return on Assets

Shows how efficient Meridian Energy Ltd is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Meridian Energy Ltd to the Utilities - Renewable industry mean.
  • 0.9% Return on Assets means that Meridian Energy Ltd generated $0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Meridian Energy Ltd:

  • The MRQ is 0.9%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.9%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.9%TTM0.9%0.0%
TTM0.9%YOY4.8%-3.9%
TTM0.9%5Y3.1%-2.1%
5Y3.1%10Y2.8%+0.2%
1.1.3. Return on Equity

Shows how efficient Meridian Energy Ltd is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Meridian Energy Ltd to the Utilities - Renewable industry mean.
  • 1.6% Return on Equity means Meridian Energy Ltd generated $0.02 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Meridian Energy Ltd:

  • The MRQ is 1.6%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 1.6%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ1.6%TTM1.6%0.0%
TTM1.6%YOY8.2%-6.6%
TTM1.6%5Y5.5%-3.9%
5Y5.5%10Y4.9%+0.6%
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1.2. Operating Efficiency of Meridian Energy Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Meridian Energy Ltd is operating .

  • Measures how much profit Meridian Energy Ltd makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Meridian Energy Ltd to the Utilities - Renewable industry mean.
  • An Operating Margin of 5.9% means the company generated $0.06  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Meridian Energy Ltd:

  • The MRQ is 5.9%. The company is operating less efficient.
  • The TTM is 5.9%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ5.9%TTM5.9%0.0%
TTM5.9%YOY18.9%-13.0%
TTM5.9%5Y13.5%-7.6%
5Y13.5%10Y13.7%-0.2%
1.2.2. Operating Ratio

Measures how efficient Meridian Energy Ltd is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Utilities - Renewable industry mean).
  • An Operation Ratio of 1.59 means that the operating costs are $1.59 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Meridian Energy Ltd:

  • The MRQ is 1.589. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.589. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.589TTM1.5890.000
TTM1.589YOY1.756-0.168
TTM1.5895Y1.629-0.040
5Y1.62910Y1.488+0.141
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1.3. Liquidity of Meridian Energy Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Meridian Energy Ltd is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Utilities - Renewable industry mean).
  • A Current Ratio of 1.04 means the company has $1.04 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Meridian Energy Ltd:

  • The MRQ is 1.038. The company is just able to pay all its short-term debts.
  • The TTM is 1.038. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.038TTM1.0380.000
TTM1.038YOY1.483-0.446
TTM1.0385Y1.050-0.012
5Y1.05010Y0.914+0.136
1.3.2. Quick Ratio

Measures if Meridian Energy Ltd is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Meridian Energy Ltd to the Utilities - Renewable industry mean.
  • A Quick Ratio of 0.76 means the company can pay off $0.76 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Meridian Energy Ltd:

  • The MRQ is 0.758. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.758. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.758TTM0.7580.000
TTM0.758YOY1.073-0.315
TTM0.7585Y0.755+0.004
5Y0.75510Y0.765-0.010
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1.4. Solvency of Meridian Energy Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Meridian Energy Ltd assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Meridian Energy Ltd to Utilities - Renewable industry mean.
  • A Debt to Asset Ratio of 0.40 means that Meridian Energy Ltd assets are financed with 40.3% credit (debt) and the remaining percentage (100% - 40.3%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Meridian Energy Ltd:

  • The MRQ is 0.403. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.403. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.403TTM0.4030.000
TTM0.403YOY0.411-0.008
TTM0.4035Y0.438-0.035
5Y0.43810Y0.422+0.016
1.4.2. Debt to Equity Ratio

Measures if Meridian Energy Ltd is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Meridian Energy Ltd to the Utilities - Renewable industry mean.
  • A Debt to Equity ratio of 67.4% means that company has $0.67 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Meridian Energy Ltd:

  • The MRQ is 0.674. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.674. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.674TTM0.6740.000
TTM0.674YOY0.696-0.022
TTM0.6745Y0.784-0.110
5Y0.78410Y0.736+0.048
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2. Market Valuation of Meridian Energy Ltd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Meridian Energy Ltd generates.

  • Above 15 is considered overpriced but always compare Meridian Energy Ltd to the Utilities - Renewable industry mean.
  • A PE ratio of 148.37 means the investor is paying $148.37 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Meridian Energy Ltd:

  • The EOD is 152.413. Based on the earnings, the company is expensive. -2
  • The MRQ is 148.372. Based on the earnings, the company is expensive. -2
  • The TTM is 148.372. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD152.413MRQ148.372+4.041
MRQ148.372TTM148.3720.000
TTM148.372YOY17.098+131.274
TTM148.3725Y61.279+87.093
5Y61.27910Y45.718+15.560
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Meridian Energy Ltd:

  • The EOD is 80.440. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The MRQ is 78.307. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The TTM is 78.307. Based on how much money comes from the company's main activities, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD80.440MRQ78.307+2.133
MRQ78.307TTM78.3070.000
TTM78.307YOY39.284+39.023
TTM78.3075Y41.233+37.074
5Y41.23310Y30.897+10.336
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2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Meridian Energy Ltd is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Utilities - Renewable industry mean).
  • A PB ratio of 2.35 means the investor is paying $2.35 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Meridian Energy Ltd:

  • The EOD is 2.418. Based on the equity, the company is underpriced. +1
  • The MRQ is 2.354. Based on the equity, the company is underpriced. +1
  • The TTM is 2.354. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD2.418MRQ2.354+0.064
MRQ2.354TTM2.3540.000
TTM2.354YOY2.056+0.299
TTM2.3545Y2.364-0.010
5Y2.36410Y1.817+0.547
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Meridian Energy Ltd.

3.1. Funds holding Meridian Energy Ltd

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2021-02-28iShares Global Clean Energy ETF2.32-59511450--
2020-10-31Vanguard International Stock Index-Total Intl Stock Indx0.76-19545792--
2020-12-31Vanguard Tax Managed Fund-Vanguard Developed Markets Index Fund0.31-7862158--
2021-02-28iShares Core MSCI EAFE ETF0.22-5738974--
2021-02-28iShares MSCI Eafe ETF0.17-4240312--
2021-02-28iShares MSCI EAFE Minimum Volatility ETF0.16-4187646--
2021-02-28Fidelity International Index Fund0.1-2508902--
2021-02-28JP Morgan ETF Tr-BetaBuilders Developed Asia ex-Japan ETF0.090000004-2329257--
2020-10-31Vanguard Intl Equity Index Fds-FTSE All World ex U.S. Index Fund0.090000004-2199519--
2021-02-28iShares MSCI New Zealand ETF0.08-1950104--
Total 4.300000008011007411400.0%
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4. Summary

4.1. Key Performance Indicators

The key performance indicators of Meridian Energy Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.1690.1690%0.109+55%0.085+99%0.047+257%
Book Value Per Share--2.1832.1830%2.014+8%1.989+10%1.882+16%
Current Ratio--1.0381.0380%1.483-30%1.050-1%0.914+14%
Debt To Asset Ratio--0.4030.4030%0.411-2%0.438-8%0.422-5%
Debt To Equity Ratio--0.6740.6740%0.696-3%0.784-14%0.736-8%
Dividend Per Share--0.1540.1540%0.131+18%0.165-6%0.159-3%
Eps--0.0350.0350%0.242-86%0.124-72%0.101-66%
Free Cash Flow Per Share--0.0660.0660%0.105-38%0.138-52%0.127-49%
Free Cash Flow To Equity Per Share---0.056-0.0560%-0.202+263%-0.045-19%-0.032-43%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--1.234--------
Intrinsic Value_10Y_min---0.923--------
Intrinsic Value_1Y_max--0.135--------
Intrinsic Value_1Y_min--0.049--------
Intrinsic Value_3Y_max--0.398--------
Intrinsic Value_3Y_min--0.025--------
Intrinsic Value_5Y_max--0.649--------
Intrinsic Value_5Y_min---0.132--------
Market Cap13658250608.640+3%13296100024.32013296100024.3200%10709310136.320+24%12142391734.272+10%9005288165.499+48%
Net Profit Margin--0.0300.0300%0.122-76%0.080-63%0.082-64%
Operating Margin--0.0590.0590%0.189-69%0.135-56%0.137-57%
Operating Ratio--1.5891.5890%1.756-10%1.629-2%1.488+7%
Pb Ratio2.418+3%2.3542.3540%2.056+15%2.3640%1.817+30%
Pe Ratio152.413+3%148.372148.3720%17.098+768%61.279+142%45.718+225%
Price Per Share5.280+3%5.1405.1400%4.140+24%4.694+10%3.481+48%
Price To Free Cash Flow Ratio80.440+3%78.30778.3070%39.284+99%41.233+90%30.897+153%
Price To Total Gains Ratio16.324+3%15.89115.8910%17.228-8%28.266-44%22.717-30%
Quick Ratio--0.7580.7580%1.073-29%0.755+0%0.765-1%
Return On Assets--0.0090.0090%0.048-80%0.031-69%0.028-67%
Return On Equity--0.0160.0160%0.082-81%0.055-71%0.049-68%
Total Gains Per Share--0.3230.3230%0.240+35%0.250+29%0.207+56%
Usd Book Value--3692924509.6903692924509.6900%3406718234.010+8%3364650846.076+10%3183471170.741+16%
Usd Book Value Change Per Share--0.1110.1110%0.071+55%0.056+99%0.031+257%
Usd Book Value Per Share--1.4281.4280%1.317+8%1.301+10%1.231+16%
Usd Dividend Per Share--0.1010.1010%0.086+18%0.108-6%0.104-3%
Usd Eps--0.0230.0230%0.158-86%0.081-72%0.066-66%
Usd Free Cash Flow--111028296.600111028296.6000%178262098.430-38%233652881.956-52%215604615.520-49%
Usd Free Cash Flow Per Share--0.0430.0430%0.069-38%0.090-52%0.083-49%
Usd Free Cash Flow To Equity Per Share---0.036-0.0360%-0.132+263%-0.029-19%-0.021-43%
Usd Market Cap8931130072.990+3%8694319805.9038694319805.9030%7002817898.140+24%7939909955.040+10%5888557931.420+48%
Usd Price Per Share3.453+3%3.3613.3610%2.707+24%3.069+10%2.276+48%
Usd Profit--58598267.65058598267.6500%278187565.370-79%183690148.486-68%157216067.986-63%
Usd Revenue--1975686855.6101975686855.6100%2273612784.820-13%2224020145.672-11%1902488366.957+4%
Usd Total Gains Per Share--0.2120.2120%0.157+35%0.163+29%0.135+56%
 EOD+4 -4MRQTTM+0 -0YOY+17 -185Y+15 -2010Y+14 -21

4.2. Fundamental Score

Let's check the fundamental score of Meridian Energy Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15152.413
Price to Book Ratio (EOD)Between0-12.418
Net Profit Margin (MRQ)Greater than00.030
Operating Margin (MRQ)Greater than00.059
Quick Ratio (MRQ)Greater than10.758
Current Ratio (MRQ)Greater than11.038
Debt to Asset Ratio (MRQ)Less than10.403
Debt to Equity Ratio (MRQ)Less than10.674
Return on Equity (MRQ)Greater than0.150.016
Return on Assets (MRQ)Greater than0.050.009
Total5/10 (50.0%)

4.3. Technical Score

Let's check the technical score of Meridian Energy Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5050.830
Ma 20Greater thanMa 505.251
Ma 50Greater thanMa 1005.172
Ma 100Greater thanMa 2004.950
OpenGreater thanClose5.480
Total5/5 (100.0%)



Latest Balance Sheet

Balance Sheet of 2023-06-30. Currency in NZD. All numbers in thousands.

Summary
Total Assets10,022,000
Total Liabilities4,035,000
Total Stockholder Equity5,987,000
 As reported
Total Liabilities 4,035,000
Total Stockholder Equity+ 5,987,000
Total Assets = 10,022,000

Assets

Total Assets10,022,000
Total Current Assets747,000
Long-term Assets9,275,000
Total Current Assets
Cash And Cash Equivalents 212,000
Net Receivables 334,000
Inventory 141,000
Other Current Assets 60,000
Total Current Assets  (as reported)747,000
Total Current Assets  (calculated)747,000
+/-0
Long-term Assets
Property Plant Equipment 8,989,000
Intangible Assets 73,000
Other Assets 213,000
Long-term Assets  (as reported)9,275,000
Long-term Assets  (calculated)9,275,000
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities720,000
Long-term Liabilities3,315,000
Total Stockholder Equity5,987,000
Total Current Liabilities
Short-term Debt 217,000
Short Long Term Debt 214,000
Other Current Liabilities 503,000
Total Current Liabilities  (as reported)720,000
Total Current Liabilities  (calculated)934,000
+/- 214,000
Long-term Liabilities
Long term Debt 1,022,000
Capital Lease Obligations 27,000
Other Liabilities 2,269,000
Long-term Liabilities  (as reported)3,315,000
Long-term Liabilities  (calculated)3,318,000
+/- 3,000
Total Stockholder Equity
Common Stock1,700,000
Retained Earnings -1,600,000
Other Stockholders Equity 5,887,000
Total Stockholder Equity (as reported)5,987,000
Total Stockholder Equity (calculated)5,987,000
+/-0
Other
Capital Stock1,700,000
Cash and Short Term Investments 212,000
Common Stock Shares Outstanding 2,581,802
Liabilities and Stockholders Equity 10,022,000
Net Debt 1,051,000
Net Invested Capital 7,223,000
Net Tangible Assets 5,914,000
Net Working Capital 27,000
Property Plant and Equipment Gross 9,105,000
Short Long Term Debt Total 1,263,000



Balance Sheet

Currency in NZD. All numbers in thousands.

 Trend2023-06-302022-06-302021-06-302020-06-302019-06-302018-06-302017-06-302016-06-302015-06-302014-06-302013-06-302012-06-302011-06-302010-06-30
> Total Assets 
8,715,599
8,459,973
8,692,775
7,737,400
7,589,800
7,661,000
8,538,000
8,665,000
8,632,000
9,657,000
9,623,000
9,856,000
9,369,000
10,022,000
10,022,0009,369,0009,856,0009,623,0009,657,0008,632,0008,665,0008,538,0007,661,0007,589,8007,737,4008,692,7758,459,9738,715,599
   > Total Current Assets 
271,574
627,185
570,823
766,100
522,600
334,000
406,000
431,000
449,000
542,000
665,000
917,000
1,077,000
747,000
747,0001,077,000917,000665,000542,000449,000431,000406,000334,000522,600766,100570,823627,185271,574
       Cash And Cash Equivalents 
54,394
368,191
214,420
382,800
276,400
69,000
118,000
80,000
60,000
78,000
176,000
148,000
363,000
212,000
212,000363,000148,000176,00078,00060,00080,000118,00069,000276,400382,800214,420368,19154,394
       Short-term Investments 
11,004
12,256
23,597
51,500
19,500
48,000
71,000
59,000
0
0
0
0
0
0
00000059,00071,00048,00019,50051,50023,59712,25611,004
       Net Receivables 
195,639
237,843
298,708
254,700
183,000
191,000
194,000
260,000
261,000
292,000
323,000
491,000
416,000
334,000
334,000416,000491,000323,000292,000261,000260,000194,000191,000183,000254,700298,708237,843195,639
       Inventory 
6,029
3,333
4,649
4,300
6,600
0
0
0
0
118,000
100,000
192,000
232,000
141,000
141,000232,000192,000100,000118,00000006,6004,3004,6493,3336,029
       Other Current Assets 
4,508
5,562
29,449
72,800
37,100
26,000
23,000
32,000
128,000
54,000
66,000
86,000
66,000
60,000
60,00066,00086,00066,00054,000128,00032,00023,00026,00037,10072,80029,4495,5624,508
   > Long-term Assets 
8,444,025
7,832,788
8,121,952
6,971,300
7,067,200
7,327,000
8,132,000
8,234,000
8,183,000
9,115,000
8,958,000
8,939,000
8,292,000
9,275,000
9,275,0008,292,0008,939,0008,958,0009,115,0008,183,0008,234,0008,132,0007,327,0007,067,2006,971,3008,121,9527,832,7888,444,025
       Property Plant Equipment 
8,207,327
7,720,807
7,963,652
6,769,000
6,929,000
7,097,000
7,771,000
7,961,000
7,941,000
8,825,000
8,594,000
8,598,000
7,830,000
8,989,000
8,989,0007,830,0008,598,0008,594,0008,825,0007,941,0007,961,0007,771,0007,097,0006,929,0006,769,0007,963,6527,720,8078,207,327
       Goodwill 
17,952
15,792
2,715
2,500
2,300
0
0
0
0
5,000
5,000
5,000
0
0
005,0005,0005,00000002,3002,5002,71515,79217,952
       Long Term Investments 
0
0
0
0
0
147,000
274,000
172,000
0
0
0
0
0
0
000000172,000274,000147,00000000
       Intangible Assets 
32,101
31,138
24,057
52,300
51,700
47,000
47,000
58,000
60,000
59,000
60,000
84,000
85,000
73,000
73,00085,00084,00060,00059,00060,00058,00047,00047,00051,70052,30024,05731,13832,101
       Long-term Assets Other 
176,875
46,637
115,765
600
63,600
0
0
0
136,000
191,000
-8,658,000
8,000
-7,915,000
-9,062,000
-9,062,000-7,915,0008,000-8,658,000191,000136,00000063,600600115,76546,637176,875
> Total Liabilities 
3,644,915
3,528,671
3,867,095
3,049,400
2,956,100
2,913,000
3,488,000
3,583,000
3,809,000
4,200,000
4,540,000
4,632,000
3,846,000
4,035,000
4,035,0003,846,0004,632,0004,540,0004,200,0003,809,0003,583,0003,488,0002,913,0002,956,1003,049,4003,867,0953,528,6713,644,915
   > Total Current Liabilities 
557,007
569,652
593,353
520,500
465,900
478,000
513,000
579,000
843,000
620,000
648,000
1,110,000
726,000
720,000
720,000726,0001,110,000648,000620,000843,000579,000513,000478,000465,900520,500593,353569,652557,007
       Short-term Debt 
284,417
298,167
247,919
146,700
134,000
214,000
215,000
171,000
451,000
168,000
95,000
385,000
163,000
217,000
217,000163,000385,00095,000168,000451,000171,000215,000214,000134,000146,700247,919298,167284,417
       Short Long Term Debt 
0
0
0
0
1,141,000
213,000
204,023
170,000
450,000
167,000
88,000
378,000
159,000
214,000
214,000159,000378,00088,000167,000450,000170,000204,023213,0001,141,0000000
       Other Current Liabilities 
261,525
254,856
332,977
363,200
313,500
264,000
298,000
408,000
392,000
452,000
553,000
725,000
563,000
503,000
503,000563,000725,000553,000452,000392,000408,000298,000264,000313,500363,200332,977254,856261,525
   > Long-term Liabilities 
3,087,908
2,959,019
3,273,742
2,528,900
2,490,200
2,435,000
2,975,000
3,004,000
2,966,000
3,580,000
3,892,000
3,522,000
3,120,000
3,315,000
3,315,0003,120,0003,522,0003,892,0003,580,0002,966,0003,004,0002,975,0002,435,0002,490,2002,528,9003,273,7422,959,0193,087,908
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
1,334,000
1,697,000
1,388,000
0
0
001,388,0001,697,0001,334,000000000000
       Other Liabilities 
0
0
0
0
1,483,000
1,521,000
1,928,000
1,941,000
1,896,000
2,246,000
2,195,000
2,134,000
2,079,000
2,269,000
2,269,0002,079,0002,134,0002,195,0002,246,0001,896,0001,941,0001,928,0001,521,0001,483,0000000
> Total Stockholder Equity
5,070,077
4,931,401
4,825,680
4,688,000
4,633,700
4,748,000
5,050,000
5,082,000
4,823,000
5,457,000
5,083,000
5,224,000
5,523,000
5,987,000
5,987,0005,523,0005,224,0005,083,0005,457,0004,823,0005,082,0005,050,0004,748,0004,633,7004,688,0004,825,6804,931,4015,070,077
   Common Stock
1,600,000
1,600,000
1,600,000
1,600,000
1,598,600
1,597,000
1,597,000
1,598,000
1,598,000
1,599,000
1,598,000
1,595,000
1,671,000
1,700,000
1,700,0001,671,0001,595,0001,598,0001,599,0001,598,0001,598,0001,597,0001,597,0001,598,6001,600,0001,600,0001,600,0001,600,000
   Retained Earnings 
-215,998
-61,402
-148,787
16,800
-14,700
-153,000
-458,000
-738,000
-1,010,000
-1,171,000
-1,541,000
-1,548,000
-1,242,000
-1,600,000
-1,600,000-1,242,000-1,548,000-1,541,000-1,171,000-1,010,000-738,000-458,000-153,000-14,70016,800-148,787-61,402-215,998
   Accumulated Other Comprehensive Income 
3,684,977
3,391,806
3,374,467
3,071,200
3,049,800
3,304,000
3,911,000
4,222,000
4,235,000
5,029,000
5,026,000
5,177,000
5,094,000
5,887,000
5,887,0005,094,0005,177,0005,026,0005,029,0004,235,0004,222,0003,911,0003,304,0003,049,8003,071,2003,374,4673,391,8063,684,977
   Capital Surplus 00000000000000
   Treasury Stock00000000000000



Balance Sheet

Currency in NZD. All numbers in thousands.




Cash Flow

Currency in NZD. All numbers in thousands.




Income Statement

Currency in NZD. All numbers in thousands.


Latest Income Statement (annual, 2023-06-30)

Gross Profit (+$)
totalRevenue3,203,000
Cost of Revenue-2,399,000
Gross Profit804,000804,000
 
Operating Income (+$)
Gross Profit804,000
Operating Expense-2,690,000
Operating Income154,000-1,886,000
 
Operating Expense (+$)
Research Development-
Selling General Administrative119,000
Selling And Marketing Expenses-
Operating Expense2,690,000119,000
 
Net Interest Income (+$)
Interest Income11,000
Interest Expense-53,000
Other Finance Cost-2,000
Net Interest Income-44,000
 
Pretax Income (+$)
Operating Income154,000
Net Interest Income-44,000
Other Non-Operating Income Expenses-
Income Before Tax (EBT)126,000496,000
EBIT - interestExpense = 136,000
126,000
148,000
Interest Expense53,000
Earnings Before Interest and Taxes (EBIT)189,000179,000
Earnings Before Interest and Taxes (EBITDA)482,000
 
After tax Income (+$)
Income Before Tax126,000
Tax Provision-31,000
Net Income From Continuing Ops95,00095,000
Net Income95,000
Net Income Applicable To Common Shares95,000
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses3,076,000
Total Other Income/Expenses Net-342,00044,000
 

Technical Analysis of Meridian Energy Ltd
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Meridian Energy Ltd. The general trend of Meridian Energy Ltd is BULLISH with 85.7% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Meridian Energy Ltd's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (85.7%) Bearish trend (-85.7%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Meridian Energy Ltd.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: .

The bearish price targets are: 5.05 > 5.05 > 5.02.

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Meridian Energy Ltd Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Meridian Energy Ltd. The current mas is .

The long score for the Moving Averages is 13/14.
The longshort score for the Moving Averages is 12/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Meridian Energy Ltd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Meridian Energy Ltd. The current macd is 0.06721519.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Meridian Energy Ltd price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Meridian Energy Ltd. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Meridian Energy Ltd price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Meridian Energy Ltd Daily Moving Average Convergence/Divergence (MACD) ChartMeridian Energy Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Meridian Energy Ltd. The current adx is 18.34.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Meridian Energy Ltd shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Meridian Energy Ltd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Meridian Energy Ltd. The current sar is 5.63.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Meridian Energy Ltd Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Meridian Energy Ltd. The current rsi is 50.83. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending down: The RSI is trending down. -1
Meridian Energy Ltd Daily Relative Strength Index (RSI) ChartMeridian Energy Ltd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Meridian Energy Ltd. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -4/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Meridian Energy Ltd price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Meridian Energy Ltd Daily Stochastic Oscillator ChartMeridian Energy Ltd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Meridian Energy Ltd. The current cci is 49.10.

Meridian Energy Ltd Daily Commodity Channel Index (CCI) ChartMeridian Energy Ltd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Meridian Energy Ltd. The current cmo is -2.72862407.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Meridian Energy Ltd Daily Chande Momentum Oscillator (CMO) ChartMeridian Energy Ltd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Meridian Energy Ltd. The current willr is -60.34482759.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Meridian Energy Ltd is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Meridian Energy Ltd Daily Williams %R ChartMeridian Energy Ltd Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Meridian Energy Ltd.

Meridian Energy Ltd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Meridian Energy Ltd. The current atr is 0.19040224.

Meridian Energy Ltd Daily Average True Range (ATR) ChartMeridian Energy Ltd Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Meridian Energy Ltd. The current obv is -126,414.

Meridian Energy Ltd Daily On-Balance Volume (OBV) ChartMeridian Energy Ltd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Meridian Energy Ltd. The current mfi is 44.98.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Meridian Energy Ltd Daily Money Flow Index (MFI) ChartMeridian Energy Ltd Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Meridian Energy Ltd.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-10-09MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-10-10CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-10-11DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-10-12DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-10-13STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-10-16STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-10-17STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-10-18MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-10-19STOCH SHORT EXITThe %K line crosses above the %D line.
2023-10-23STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-10-26STOCH SHORT EXITThe %K line crosses above the %D line.
2023-10-27STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-01STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-02SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2023-11-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-09DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-11-10STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-13DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-11-14STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-17STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-20DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-21STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-22DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-24SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-28BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-29STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-01STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-04DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-07CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-08CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-11DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-13DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-12-14STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-15SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-18SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-19STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-20MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-21CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-27STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-28MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-03DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-04DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-08SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-10WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-11BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-16WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-17STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-18MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-19DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-22STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-23STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-24DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-01-25SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-01-30MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-31STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-01DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-02CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-05SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-07DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-08STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-12DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-13SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-14DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-15STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-16CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-20MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-21CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-27STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-28SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).

6.3. Candlestick Patterns

Meridian Energy Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Meridian Energy Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5050.830
Ma 20Greater thanMa 505.251
Ma 50Greater thanMa 1005.172
Ma 100Greater thanMa 2004.950
OpenGreater thanClose5.480
Total5/5 (100.0%)
Penke

Good job! You gained 25 XP and 0