Sign InBreakout Stocks of Week 12 @ NZX
NASDAQ was down last week (week 11) by -1.26% ending at 22,105.36 points after falling -282.32 points during the week. Our system has detected some possible breakout stocks for the following week and these should be on your watchlist. These are the stocks that are bouncing up with good increase in volume and are likely to do good in short term. One of these stocks are Meridian Energy Limited NZX:MEL. This stock has had a buy signal since Mar 13, 2026 when the price was $5.35 , but have so far fallen 0% to $5.35. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Week 12 |
|---|---|---|---|
| Meridian Energy Limited | $5.35 | $5.49 | 2.62% |
| Auckland International Airport Limited | $8.41 | $8.20 | -2.50% |
The Meridian Energy Limited stock price gained 0.187% on the last trading day (Friday, 13th Mar 2026), rising from $5.34 to $5.35. During the last trading day the stock fluctuated 2.55% from a day low at $5.30 to a day high of $5.43. The price has fallen in 6 of the last 10 days and is down by -5.48% for this period. Volume fell on the last day by -1 million shares and in total, 720 thousand shares were bought and sold for approximately $3.85 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Meridian Energy Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
About Meridian Energy Limited:
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 wind farms, hydro power stations, and solar farms. The company also provides management, insurance, financing, professional, trustee, and software development services; and licenses Flux developed electricity and gas retailing platform, 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 and changed its name to Meridian Energy Limited in March 1999. Meridian Energy Limited was incorporated in 1998 and is based in Wellington, New Zealand.
The Auckland International Airport Limited stock price fell by -0.119% on the last day (Friday, 13th Mar 2026) from $8.42 to $8.41. During the last trading day the stock fluctuated 4.20% from a day low at $8.33 to a day high of $8.68. The price has fallen in 9 of the last 10 days and is down by -8.19% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -442 thousand shares and in total, 855 thousand shares were bought and sold for approximately $7.19 million.
Auckland International Airport Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
About Auckland International Airport Limited:
Auckland International Airport Limited provides airport facilities, supporting infrastructure, and aeronautical services in Auckland, New Zealand. The company operates through three segments: Aeronautical, Retail, and Property. The Aeronautical segment offers services that facilitate the movement of aircraft, passengers, and cargo, as well as utility services, which support the airport; and leases space for facilities, such as terminals. The Retail segment provides services to the retailers within the terminals; and car parking facilities for passengers, visitors, and airport staff. The Property segment leases cargo buildings, hangars, and stand-alone investment properties. The company was founded in 1966 and is based in Manukau, New Zealand.
Despite these candidates are looking good from a technical perspective they may not perform as expected. You should always be cautious when trading and base your decisions on more than one source of information. This does not constitute an offer or recommendation to buy or sell securities.
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