{"ticker": {"uuid": "8d456ba0-dfc4-45dc-939e-eb775ce882ee", "symbol": "MEZ", "name": "Meridian Energy Limited", "exchange": "ASX", "asset_type": "equity"}, "latest_week": "2026-06-12", "summary": "MEZ closed the latest completed week at 4.78 AUD. The 4-week return is -1.0% and the 12-week return is 5.8%. Trend Signal is inactive, Market Dynamics is 0.90.", "description": "Meridian Energy Limited engages in the generation and retailing of electricity to residential, business, and industrial customers in New Zealand, Australia, and the United Kingdom. The company generates electricity through 7 hydro stations; 8 wind farms; and 100MW battery energy storage system, as well as grid-scale solar array. It sells electricity under the Meridian Energy and Powershop brands. It also offers solar installation, software development, professional, and insurance services. The company was formerly known as Hydro Energy Limited. Meridian Energy Limited was incorporated in 1998 and is based in Wellington, New Zealand.", "setup_signature": "Risk-first tape", "composite_score": "39", "kpis": [{"label": "Latest Close", "value": "4.78 AUD", "hint": "2026-06-12"}, {"label": "1W Return", "value": "-0.6%", "tone": "negative", "hint": "latest completed week"}, {"label": "4W Return", "value": "-1.0%", "tone": "negative", "hint": "short-term follow-through"}, {"label": "12W Return", "value": "5.8%", "tone": "positive", "hint": "quarterly tape"}, {"label": "Trend Breadth", "value": "13.5%", "hint": "7 of 52 weeks active"}, {"label": "Volume Ratio", "value": "0.9x", "hint": "vs 13-week average"}], "classification": {"exchange": "ASX", "country": "AU", "sector": "Utilities", "industry": "Utilities - Renewable", "currency": "AUD", "market_cap": "12.9B"}, "price": {"trend_line": "4.74 AUD", "fair_value": "4.94 AUD", "vs_trend": "0.8%", "vs_fair_value": "-3.2%", "high_52": "5.36 AUD", "low_52": "4.37 AUD", "drawdown": "-10.8%", "range_position": "41.5%"}, "momentum": {"returns": [{"label": "1W", "value": -0.6237006237006104, "value_label": "-0.6%", "tone": "negative", "width": 4}, {"label": "4W", "value": -1.0351966873705967, "value_label": "-1.0%", "tone": "negative", "width": 4}, {"label": "12W", "value": 5.752212389380547, "value_label": "5.8%", "tone": "positive", "width": 16.434892541087276}, {"label": "26W", "value": 0.6687098062274759, "value_label": "0.7%", "tone": "positive", "width": 4}, {"label": "52W", "value": -9.648551768355517, "value_label": "-9.6%", "tone": "negative", "width": 27.56729076673005}], "trend_streak": 0, "active_weeks": 7, "active_breadth": "13.5%", "peer": {"scope": "AU Utilities", "count": 23, "rank": 10, "percentile": 59.09090909090908, "avg_weekly_return": -3.656174804013214}}, "setup": {"scores": [{"label": "Trend", "value": 7.403846153846154, "value_label": "7", "width": 7.403846153846154, "tone": "negative", "description": "Persistence of active Trend Signal over the last year and current streak."}, {"label": "Momentum", "value": 52.79603876949012, "value_label": "53", "width": 52.79603876949012, "tone": "neutral", "description": "Blend of 4-week and 12-week follow-through."}, {"label": "Dynamics", "value": 67.6450472705056, "value_label": "68", "width": 67.6450472705056, "tone": "positive", "description": "Latest Market Dynamics and whether pressure has improved over four weeks."}, {"label": "Relative Strength", "value": 0, "value_label": "0", "width": 4, "tone": "negative", "description": "Relative leadership and short-term RS change."}, {"label": "Volume", "value": 39.17495084687365, "value_label": "39", "width": 39.17495084687365, "tone": "neutral", "description": "Participation compared with the 13-week volume baseline."}, {"label": "Risk Control", "value": 69.73554603243433, "value_label": "70", "width": 69.73554603243433, "tone": "positive", "description": "Drawdown and recent weekly volatility pressure."}], "timeline": [{"week": "27 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"trend": false, "buy_signal": false, "positive_md": false, "height": 20.014556040756972}, {"week": "10 Apr", "return": 3.8031319910514525, "return_label": "3.8%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 31.69276659209544}, {"week": "17 Apr", "return": 0.0, "return_label": "0.0%", "tone": "neutral", "trend": false, "buy_signal": false, "positive_md": false, "height": 4}, {"week": "24 Apr", "return": 1.7241379310344844, "return_label": "1.7%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 14.367816091954037}, {"week": "1 May", "return": -0.423728813559313, "return_label": "-0.4%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": true, "height": 4}, {"week": "8 May", "return": 2.9787234042553123, "return_label": "3.0%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": true, "height": 24.82269503546094}, {"week": "15 May", "return": -0.20661157024792948, 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Corporation Limited", "exchange": "ASX", "url": "/terminal/48bb2c63-9231-4ac1-8a87-b8ace7758d69/report/", "weekly_return": 0.0, "weekly_return_label": "0.0%", "weekly_return_tone": "neutral", "four_week_return": 3.3333333333333366, "four_week_return_label": "3.3%", "four_week_return_tone": "positive", "twelve_week_return": 2.1978021978021998, "twelve_week_return_label": "2.2%", "twelve_week_return_tone": "positive", "trend_active": false, "positive_md": true, "positive_rs": false}, {"id": 22532, "symbol": "BTE", "name": "Botala Energy Limited", "exchange": "ASX", "url": "/terminal/4ca4733c-b753-45af-ae8d-9bcc37e1b65f/report/", "weekly_return": -1.7857142857142874, "weekly_return_label": "-1.8%", "weekly_return_tone": "negative", "four_week_return": 0.0, "four_week_return_label": "0.0%", "four_week_return_tone": "neutral", "twelve_week_return": 14.583333333333332, "twelve_week_return_label": "14.6%", "twelve_week_return_tone": "positive", "trend_active": false, "positive_md": true, "positive_rs": false}, {"id": 25300, "symbol": "VPR", "name": "Volt Group Limited", "exchange": "ASX", "url": "/terminal/9f1f72dd-d77b-4eea-aaf0-d6d114e6fc91/report/", "weekly_return": -3.030303030303033, "weekly_return_label": "-3.0%", "weekly_return_tone": "negative", "four_week_return": 0.0, "four_week_return_label": "0.0%", "four_week_return_tone": "neutral", "twelve_week_return": 14.285714285714276, "twelve_week_return_label": "14.3%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 24010, "symbol": "MEZ", "name": "Meridian Energy Limited", "exchange": "ASX", "url": "/terminal/8d456ba0-dfc4-45dc-939e-eb775ce882ee/report/", "weekly_return": -0.6237006237006104, "weekly_return_label": "-0.6%", "weekly_return_tone": "negative", "four_week_return": -1.0351966873705967, "four_week_return_label": "-1.0%", "four_week_return_tone": "negative", "twelve_week_return": 5.752212389380547, "twelve_week_return_label": "5.8%", "twelve_week_return_tone": "positive", "trend_active": false, "positive_md": true, "positive_rs": false}]}}, "dynamics": {"market_dynamics": "0.90", "market_dynamics_tone": "positive", "md_4_change": "17.9%", "relative_strength": "-2.59", "rs_4_change": "-552.8%", "expectation": "Undecided", "expectation_probability": "53.64%"}, "volume": {"latest": "125.6K", "average_13": "134.6K", "average_52": "132.8K", "ratio_13": "0.9x", "ratio_52": "0.9x"}, "risk": {"volatility_13": "1.6%", "volatility_52": "2.2%", "downside_weeks": 28, "upside_weeks": 22, "downside_breadth": "53.8%", "average_gain": "1.8%", "average_loss": "-1.7%"}, "signals": [{"label": "Trend Signal", "value": "Inactive", "tone": "negative"}, {"label": "Market Dynamics", "value": "No fresh buy", "tone": "neutral"}, {"label": "Price vs Trend", "value": "0.8%", "tone": "positive"}, {"label": "Volume", "value": "0.9x", "tone": "neutral"}], "opportunities": ["Price is above the Trend Line, keeping the weekly tape constructive.", "Market Dynamics is positive on the latest completed week."], "risks": ["Trend Signal is inactive, so price action has not confirmed a constructive regime.", "Price is below Fair Value, so the market is still discounting the latest tape."], "watch_points": ["Trend Line remains the key weekly regime level.", "Market Dynamics is the pressure gauge to monitor for confirmation or fade.", "A volume ratio above 1.5x would show stronger participation in the next move."], "recent_rows": [{"week": "2026-06-12", "close": "4.78 AUD", "weekly_return": -0.6237006237006104, "weekly_return_label": "-0.6%", "weekly_return_tone": "negative", "trend_line": "4.74 AUD", "fair_value": "4.94 AUD", "market_dynamics": "0.90", "relative_strength": "-2.59", "volume": "125.6K", "trend_signal": "Off"}, {"week": "2026-06-05", "close": "4.81 AUD", "weekly_return": 0.4175365344467552, "weekly_return_label": "0.4%", "weekly_return_tone": "positive", "trend_line": "4.75 AUD", "fair_value": "4.94 AUD", 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