- The trend backdrop is active with a 11-week active streak.
- Price is above the Trend Line, keeping the weekly tape constructive.
- Price is above Fair Value, showing premium demand versus the model.
- Activity pressure is constructive, supporting the smart-money activity read.
MEL
NZE
Week ended 31 Jul 2026
Weekly Investor Report
Meridian Energy Limited · Utilities · Utilities - Renewable
Latest close
5.70 NZD
-0.5%
latest week
Weekly setup
Constructive, but selective
The weekly trend is active. Price is 0.6% above the Trend Line and sits at 60.0% of its 52-week range. The latest completed week returned -0.5%, after a 0.9% four-week move. The latest news-sentiment score is 49/100. Near-term considerations: volume confirmation is below normal.
Setup score
53
out of 100
Latest Close
5.70 NZD
31 Jul 2026
1W Return
-0.5%
latest completed week
4W Return
0.9%
short-term follow-through
12W Return
-1.0%
quarterly tape
Trend Breadth
48.1%
25 of 52 weeks active
Volume Ratio
0.9x
vs 13-week average
- Activity pressure is negative, which weakens the current setup.
- Trend Line remains the key weekly regime level.
- Activity pressure is the gauge to monitor for confirmation or fade.
- A volume ratio above 1.5x would show stronger participation in the next move.
Price follow-through
-0.5%
Latest completed week; four-week move 0.9%.
Indicator stack
65/32
Trend and activity pressure are weighted against the latest 12-week confirmation window.
Trend backdrop
Active
The trend backdrop defines the current weekly regime.
Patient Capital
Quiet
Activity-pressure buy-signal status for institutional accumulation timing.
News sentiment
49/100
20 relevant articles in the latest sentiment read.
01 · Price action
Study the full chart
Where price is—and whether the trend supports it
The weekly trend is active. Price is 0.6% above the Trend Line and sits at 60.0% of its 52-week range. The latest completed week returned -0.5%, after a 0.9% four-week move.
52-week price path
Price vs Trend Line and Fair Value
Price
Trend Line
Fair Value
02 · Volume and demand
Is real participation confirming the move?
Latest weekly volume is 0.9x the 13-week average. Participation is below its recent norm, so price strength is not receiving full volume confirmation.
26-week volume confirmation
Bar height shows volume; colour shows the weekly price direction
6 Feb
13 Feb
20 Feb
27 Feb
6 Mar
13 Mar
20 Mar
27 Mar
3 Apr
10 Apr
17 Apr
24 Apr
1 May
8 May
15 May
22 May
29 May
5 Jun
12 Jun
19 Jun
26 Jun
3 Jul
10 Jul
17 Jul
24 Jul
31 Jul
Up week
Down week
Demand beneath price
Activity pressure and institutional-style signals
These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.
Activity pressure path
Latest 0.7512-week average 0.61
12-week confirmation
Trend active11/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure10/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership7/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.75Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers0No reversal markers
No recent accumulation markers. No reversal markers.
03 · Momentum and leadership
Is performance persistent—and is the stock leading?
Performance is 0.9% over four weeks, -1.0% over 12 weeks, and 3.1% over one year. The current trend has remained active for 11 consecutive weeks.
Performance by holding period
Active trend streak11 weeks
Active weeks in one year25
Trend breadth48.1%
Activity pressure vs relative leadership
Activity pressureRelative leadership
Pressure-0.38Latest activity-pressure read.
Pressure change-145.4%Four-week change in activity pressure.
Leadership-1.84Latest relative-leadership reading.
RS change25.4%Four-week change in relative leadership.
04 · Fundamentals and valuation
Open full factor analysis
What investors are paying for—and the quality behind it
A published fundamentals and factor snapshot is not available for this company.
No published fundamental snapshot is available for this company.
05 · Ownership, options, and sentiment
What other market participants are doing
Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.
Insider activity-
No recent insider transactions are stored for this company.
News sentiment49/100
Weighted news tone is neutral across 20 relevant articles.
2 positive · 15 neutral · 3 negativePatient CapitalQuiet
Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.
No recent buy signal
06 · Catalysts and risk
What can move the shares—and how volatile the path has been
Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.
Next earnings-No event is currently stored.
Options expected move-Nearest-chain priced movement where available.
52-week drawdown-5.5%Distance below the 52-week high.
13-week volatility1.7%Standard deviation of weekly returns.
Weekly gains and losses
Latest 26 completed weeksEach bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.
6 Feb
6 Mar
3 Apr
1 May
29 May
26 Jun
31 Jul
Weeks higher17 of 269 weeks finished lower.
Best week+2.6%Week of 20 Mar.
Worst week-5.0%Week of 13 Mar.
Latest week-0.5%Week of 31 Jul.
Shape of recent returns
Strong gains0
Modest gains17
Flat weeks0
Modest losses7
Sharp losses2
Recent vol1.7%13-week weekly-return volatility.
Base vol1.7%52-week weekly-return volatility.
Up/down split31/21Count of positive and negative weeks in the 52-week window.
Average skew1.2% / -1.6%Average positive week versus average negative week.
07 · Sector and peer context
Is this stock leading—or simply moving with its group?
Sector and industry breadth distinguish company-specific strength from a broad group move.
SectorNZ Utilities
4-week rank1 / 5
Group average-0.8%
Trend breadth80.0%
Trend80.0%active weekly trend signals
MD20.0%positive activity pressure
RS60.0%positive relative leadership
Four-week leaders
IndustryNZ Utilities - Renewable
4-week rank1 / 3
Group average-1.0%
Trend breadth66.7%
Trend66.7%active weekly trend signals
MD0.0%positive activity pressure
RS33.3%positive relative leadership
Four-week leaders
08 · Evidence and weekly data
The underlying research record
Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.
Weekly tape53/100
Trend, activity pressure, participation, and risk combine to a 53/100 tape read.
Indicator analysis74/100Latest 12-week confirmation: trend 11/12, activity pressure 10/12, relative leadership 7/12.
Activity pressure 0.75; No reversal markers Factors50/100No published factor snapshot is available yet.
Patient CapitalQuietActivity-pressure buy-signal evidence highlights potential institutional accumulation windows.
No recent buy signal Sentiment49/100Weighted news tone is neutral across 20 relevant articles.
Earnings To Watch: Viper Energy (VNOM) Reports Q2 Results Tomorrow Insiders50/100No recent insider transaction evidence is stored.
Earnings50/100No stored earnings event is currently attached to this ticker.
| Week | Close | Return | Trend Line | Fair Value | Pressure | Leadership | Volume | Trend |
|---|---|---|---|---|---|---|---|---|
| 31 Jul 2026 | 5.70 NZD | -0.5% | 5.67 NZD | 5.51 NZD | -0.38 | -1.84 | 6.0M | On |
| 24 Jul 2026 | 5.73 NZD | 2.0% | 5.66 NZD | 5.50 NZD | -0.18 | -1.93 | 4.2M | On |
| 17 Jul 2026 | 5.62 NZD | -0.9% | 5.65 NZD | 5.50 NZD | 0.01 | -3.34 | 5.9M | On |
| 10 Jul 2026 | 5.67 NZD | 0.4% | 5.65 NZD | 5.49 NZD | 0.51 | -3.19 | 5.0M | On |
| 3 Jul 2026 | 5.65 NZD | -1.7% | 5.64 NZD | 5.49 NZD | 0.83 | -2.47 | 10.6M | On |
| 26 Jun 2026 | 5.75 NZD | -4.6% | 5.63 NZD | 5.49 NZD | 1.05 | 0.04 | 1.7M | On |
| 19 Jun 2026 | 6.03 NZD | 1.3% | 5.63 NZD | 5.48 NZD | 1.37 | 4.84 | 9.6M | On |
| 12 Jun 2026 | 5.95 NZD | 0.7% | 5.62 NZD | 5.47 NZD | 1.35 | 4.29 | 1.7M | On |
| 5 Jun 2026 | 5.91 NZD | 0.7% | 5.61 NZD | 5.47 NZD | 1.42 | 5.39 | 1.4M | On |
| 29 May 2026 | 5.87 NZD | -0.5% | 5.60 NZD | 5.46 NZD | 1.46 | 4.02 | 17.6M | On |
| 22 May 2026 | 5.90 NZD | 0.9% | 5.60 NZD | 5.45 NZD | 1.32 | 6.67 | 6.6M | On |
| 15 May 2026 | 5.85 NZD | 1.6% | 5.60 NZD | 5.45 NZD | 0.99 | 6.07 | 6.7M | Off |
| 8 May 2026 | 5.76 NZD | 0.7% | 5.60 NZD | 5.44 NZD | 0.64 | 2.88 | 6.5M | Off |
| 1 May 2026 | 5.72 NZD | 2.3% | 5.60 NZD | 5.44 NZD | 0.23 | 3.20 | 7.4M | Off |
How to use this report
This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.