M/I HOMES INC (MHO) Stock Technical Analysis
NYSE:MHO - New York Stock Exchange, Inc. - US55305B1017 - Common Stock - Currency: USD
Overall MHO gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MHO was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, MHO is a bad performer in the overall market: 72% of all stocks are doing better.
MHO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month MHO has a been trading in the 103.52 - 121.20 range, which is quite wide. It is currently trading near the high of this range.
MHO is an average performer in the Household Durables industry, it outperforms 44% of 64 stocks in the same industry.
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. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
102.86
119.26
2 important support areas can be observed.
- A support zone ranging from 109.14 to 112.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 103.90 to 105.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @115.45 from a horizontal line in the weekly time frame.
- Resistance @118.08 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for MHO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MHO is up. |
| ChartMill Relative Strength | 28.76 | NEGATIVE | MHO has a low relative strength, it was outperformed by 71.24% off all stocks 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) | DOWN | NEGATIVE | The current price of MHO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.93 | NEUTRAL | The RSI value for MHO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.96 | POSITIVE | The MACD value suggests MHO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.64 | NEUTRAL | The Stochastics value for MHO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for MHO suggests some volalility. |
| Average Directional Index/ADX (14) | 22.21 | NEUTRAL | The ADX value for MHO suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
115.44
-2.64 (-2.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-2.24%
1 Week3.78%
2 Weeks10.41%
1 Month6.25%
3 Month1.01%
6 Month-12.51%
12 Month-0.5%
2 Year15.44%
3 Year150.9%
5 Year177.3%
10 Year360.29%
15 Year994.22%
Volatility
ATR(14)4.22
ATR(20)%3.52%
ATR Inc-15.82%
Range Today4.05
ADR(20)3.96
ADR(20)%3.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.76
Mansfield-2.15
10 Day High121.2
10 Day Low103.52
20 Day High121.2
20 Day Low103.52
52 Week High176.18
52 Week Low100.22
CS1 End108.64
CR1 Start112.75
Volume & EV
DER(3)2.44%
DER(5)0.71%
Volume136.90K
Volume Incr13.98%
Vol(5)270.28K
Vol(50)232.29K