Oh yes it most definitely is meditative. ♡
When you finish a piece(if it's abstract like) you can look in it, look at it, and notice if you see anything, like scenery, landscapes, faces, images, symbols...
You can also feel into it, the colours, the shapes the directions of the movement the strokes and lines go.
What does it mean to you? What does different colours symbolize to you? Does the picture give you a feeling? Like hope, fear, restriction, happiness, new beginnings, etc.
Or perhaps it's more for healing rather than for reading.
Just play and explore.
It's a little hard to explain through typing it out,
But if you are interested in one of the ways I read art, you can feel free to check out this YouTube video. It's an energetic/abstract painted reading for the collective.