M/I HOMES INC (MHO) Stock Technical Analysis
USA - NYSE:MHO - US55305B1017 - Common Stock
Overall MHO gets a technical rating of 2 out of 10. MHO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
MHO has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
113.53
We found 3 important support areas.
- A support zone ranging from 127.32 to 127.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 123.87 to 125.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @114.68 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 130.68 to 133.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @152.77 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The short term trend for MHO is neutral. |
| ChartMill Relative Strength | 21.63 | NEGATIVE | MHO has a low relative strength, it was outperformed by 78.37% 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) | DOWN | NEGATIVE | The current price of MHO is below a declining 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) | 51.86 | NEUTRAL | The RSI value for MHO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.47 | POSITIVE | The MACD value suggests MHO has a positive trend. |
| Stochastics (14,3) | 39.9 | NEUTRAL | The Stochastics value for MHO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.95 | MEDIUM VOLATILITY | The ATR as a percentage value for MHO suggests some volalility. |
| Average Directional Index/ADX (14) | 22.15 | NEUTRAL | The ADX value for MHO suggests a possible start of a new trend. |
130.67
+6.17 (+4.96%)
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 2 / 10 to MHO.
What is the trend direction for MHO stock?
The current trend direction for M/I HOMES INC (MHO) is Bearish.
What is the RSI signal for M/I HOMES INC (MHO) stock?
M/I HOMES INC (MHO) has an RSI value of 51.8562. 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 0.469579, indicating a bearish trend.