M/I HOMES INC (MHO) Stock Technical Analysis
NYSE:MHO • US55305B1017
Taking everything into account, MHO scores 6 out of 10 in our technical rating. In the last year, MHO was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- MHO is part of the Household Durables industry. There are 60 other stocks in this industry. MHO outperforms 71% of them.
- When comparing the performance of all stocks over the past year, MHO turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
- MHO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MHO is lagging the market.
- In the last month MHO has a been trading in the 125.45 - 152.13 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MHO has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 147.49. Right above this resistance zone may be a good entry point.
More info and screens
122.63
We found 3 important support areas.
- A support zone ranging from 134.14 to 135.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @131.60 from a trend line in the daily time frame.
- A support zone ranging from 123.87 to 128.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 147.49 to 149.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for MHO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MHO is neutral. |
| ChartMill Relative Strength | 69.32 | NEUTRAL | MHO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MHO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MHO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MHO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52 | NEUTRAL | The RSI value for MHO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests MHO has a negative trend. |
| Stochastics (14,3) | 50.45 | NEUTRAL | The Stochastics value for MHO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.49 | MEDIUM VOLATILITY | The ATR as a percentage value for MHO suggests some volalility. |
| Average Directional Index/ADX (14) | 19.47 | NEGATIVE | The low ADX value for MHO suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 144.60 | 138.73 | 5.87 (4.06%) | 24.62% |
| An entry @144.60. This is a Buy Stop order right above the 10 day moving average. | An exit @138.73. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.87 points, which is 4.06%. | When investing 24.62% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of MHO. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
141.04
-2.42 (-1.69%)
M/I HOMES INC / MHO FAQ
What is the ChartMill technical rating of M/I HOMES INC (MHO) stock?
ChartMill assigns a technical rating of 6 / 10 to MHO.
Can you provide the trend direction for M/I HOMES INC?
The current trend direction for M/I HOMES INC (MHO) is Bullish.
What is the RSI signal for M/I HOMES INC (MHO) stock?
M/I HOMES INC (MHO) has an RSI value of 52.0006. This indicates that the stock is currently neutral.
What is the MACD signal for M/I HOMES INC (MHO) stock?
The MACD indicator for M/I HOMES INC (MHO) has a value of -0.21268, indicating a bearish trend.
Can you provide the short term momentum for M/I HOMES INC?
The short term momentum for M/I HOMES INC (MHO) is neutral.