{"ticker": {"uuid": "e906eb5a-b522-49ad-a245-dfb4a77a83e8", "symbol": "MEL", "name": "Meridian Energy Limited", "exchange": "NZE", "asset_type": "equity"}, "latest_week": "2026-06-12", "summary": "MEL closed the latest completed week at 5.95 NZD. The 4-week return is 1.7% and the 12-week return is 8.4%. Trend Signal is active, Market Dynamics is 1.41.", "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": "Balanced read", "composite_score": "62", "kpis": [{"label": "Latest Close", "value": "5.95 NZD", "hint": "2026-06-12"}, {"label": "1W Return", "value": "0.7%", "tone": "positive", "hint": "latest completed week"}, {"label": "4W Return", "value": "1.7%", "tone": "positive", "hint": "short-term follow-through"}, {"label": "12W Return", "value": "8.4%", "tone": "positive", "hint": "quarterly tape"}, {"label": "Trend Breadth", "value": "34.6%", "hint": "18 of 52 weeks active"}, {"label": "Volume Ratio", "value": "1.0x", "hint": "vs 13-week average"}], "classification": {"exchange": "NZE", "country": "NZ", "sector": "Utilities", "industry": "Utilities - Renewable", "currency": "NZD", "market_cap": "15.5B"}, "price": {"trend_line": "5.62 NZD", "fair_value": "5.47 NZD", "vs_trend": "6.0%", "vs_fair_value": "8.7%", "high_52": "5.99 NZD", "low_52": "5.20 NZD", "drawdown": "-0.7%", "range_position": "94.9%"}, "momentum": {"returns": [{"label": "1W", "value": 0.6768189509306266, "value_label": "0.7%", "tone": "positive", "width": 4}, {"label": "4W", "value": 1.7094017094017186, "value_label": "1.7%", "tone": "positive", "width": 4.88400488400491}, {"label": "12W", "value": 8.37887067395264, "value_label": "8.4%", "tone": "positive", "width": 23.939630497007546}, {"label": "26W", "value": 10.227377775900518, "value_label": "10.2%", "tone": "positive", "width": 29.221079359715763}, {"label": "52W", "value": 5.175593747160696, "value_label": "5.2%", "tone": "positive", "width": 14.787410706173418}], "trend_streak": 4, "active_weeks": 18, "active_breadth": "34.6%", "peer": {"scope": "NZ Utilities", "count": 5, "rank": 2, "percentile": 75.0, "avg_weekly_return": -0.4288566722283876}}, "setup": {"scores": [{"label": "Trend", "value": 32.88461538461539, "value_label": "33", "width": 32.88461538461539, "tone": "negative", "description": "Persistence of active Trend Signal over the last year and current streak."}, {"label": "Momentum", "value": 61.47260753818133, "value_label": "61", "width": 61.47260753818133, "tone": "neutral", "description": "Blend of 4-week and 12-week follow-through."}, {"label": "Dynamics", "value": 78.87816704631399, "value_label": "79", "width": 78.87816704631399, "tone": "positive", "description": "Latest Market Dynamics and whether pressure has improved over four weeks."}, {"label": "Relative Strength", "value": 60.54072430568364, "value_label": "61", "width": 60.54072430568364, "tone": "neutral", "description": "Relative leadership and short-term RS change."}, {"label": "Volume", "value": 42.427810425086925, "value_label": "42", "width": 42.427810425086925, "tone": "neutral", "description": "Participation compared with the 13-week volume baseline."}, {"label": "Risk Control", "value": 94.82275539308124, "value_label": "95", "width": 94.82275539308124, "tone": "positive", "description": "Drawdown and recent weekly volatility pressure."}], "timeline": [{"week": "27 Feb", "return": 0.89127257142559, "return_label": "0.9%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": true, "height": 7.427271428546583}, {"week": "6 Mar", "return": 0.6137078760517664, "return_label": "0.6%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": true, "height": 5.114232300431387}, {"week": "13 Mar", "return": -4.973357015985795, "return_label": "-5.0%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": true, "height": 41.44464179988162}, {"week": "20 Mar", "return": 2.616822429906553, "return_label": "2.6%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": true, "height": 21.80685358255461}, {"week": "27 Mar", "return": -0.5464480874316985, "return_label": "-0.5%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": true, "height": 4.553734061930821}, {"week": "3 Apr", "return": -0.18315018315017925, "return_label": "-0.2%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 4}, {"week": "10 Apr", "return": 1.2844036697247594, "return_label": "1.3%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 10.703363914372995}, {"week": "17 Apr", "return": 0.3623188405797185, "return_label": "0.4%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 4}, {"week": "24 Apr", "return": 0.9025270758122712, "return_label": "0.9%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 7.52105896510226}, {"week": "1 May", "return": 2.3255813953488356, "return_label": "2.3%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": true, "height": 19.3798449612403}, {"week": "8 May", "return": 0.6993006993007, "return_label": "0.7%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": true, "height": 5.827505827505833}, {"week": "15 May", "return": 1.5624999999999976, "return_label": "1.6%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": true, "height": 13.020833333333313}, {"week": "22 May", "return": 0.854700854700867, "return_label": "0.9%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": true, "height": 7.122507122507225}, {"week": "29 May", "return": -0.5084745762711906, "return_label": "-0.5%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": true, "height": 4.237288135593255}, {"week": "5 Jun", "return": 0.6814310051107332, "return_label": "0.7%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": true, "height": 5.67859170925611}, {"week": "12 Jun", "return": 0.6768189509306266, "return_label": "0.7%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": true, "height": 5.640157924421888}]}, "groups": {"sector": {"scope": "NZ Utilities", "count": 5, "avg_weekly_return": -0.4288566722283876, 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true}]}, "industry": {"scope": "NZ Utilities - Renewable", "count": 3, "avg_weekly_return": -0.42014832576784683, "avg_four_week_return": -0.7391836046920912, "avg_twelve_week_return": 6.899900530412437, "trend_breadth": 100.0, "positive_md_breadth": 100.0, "positive_rs_breadth": 100.0, "week_rank": 1, "four_week_rank": 1, "twelve_week_rank": 1, "top_peers": [{"id": 25690, "symbol": "MEL", "name": "Meridian Energy Limited", "exchange": "NZE", "url": "/terminal/e906eb5a-b522-49ad-a245-dfb4a77a83e8/report/", "weekly_return": 0.6768189509306266, "weekly_return_label": "0.7%", "weekly_return_tone": "positive", "four_week_return": 1.7094017094017186, "four_week_return_label": "1.7%", "four_week_return_tone": "positive", "twelve_week_return": 8.37887067395264, "twelve_week_return_label": "8.4%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 25683, "symbol": "MCY", "name": "Mercury NZ Limited", "exchange": "NZE", "url": 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true}]}}, "dynamics": {"market_dynamics": "1.41", "market_dynamics_tone": "positive", "md_4_change": "43.5%", "relative_strength": "4.29", "rs_4_change": "-29.2%", "expectation": "Undecided", "expectation_probability": "49.62%"}, "volume": {"latest": "7.6M", "average_13": "7.5M", "average_52": "6.6M", "ratio_13": "1.0x", "ratio_52": "1.2x"}, "risk": {"volatility_13": "0.9%", "volatility_52": "1.7%", "downside_weeks": 21, "upside_weeks": 31, "downside_breadth": "40.4%", "average_gain": "1.3%", "average_loss": "-1.6%"}, "signals": [{"label": "Trend Signal", "value": "Active", "tone": "positive"}, {"label": "Market Dynamics", "value": "No fresh buy", "tone": "neutral"}, {"label": "Price vs Trend", "value": "6.0%", "tone": "positive"}, {"label": "Volume", "value": "1.0x", "tone": "neutral"}], "opportunities": ["Trend Signal is active with a 4-week active streak.", "Price is above the Trend Line, keeping the weekly tape constructive.", "Price is above Fair Value, showing premium demand 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