MERITAGE HOMES CORP (MTH)
US59001A1025 - Common Stock
We assign a technical rating of 10 out of 10 to MTH. MTH has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
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.
Looking at the yearly performance, MTH did better than 88% of all other stocks. On top of that, MTH also shows a nice and consistent pattern of rising prices.
MTH is one of the better performing stocks in the Household Durables industry, it outperforms 78% of 67 stocks in the same industry.
MTH is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so MTH is leading the market.
In the last month MTH has a been trading in the 149.40 - 183.25 range, which is quite wide. It is currently trading near the high of this range.
Although MTH has an excellent technical rating, it does not present a decent entry opportunity 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
180.45
When analyzing the support we can see 5 important areas.
- A support zone ranging from 160.53 to 165.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @153.78 from a trend line in the daily time frame.
- A support zone ranging from 150.49 to 150.62. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @134.21 from a trend line in the weekly time frame.
- Support @114.68 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 177.05 to 178.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.06
Mansfield1.04
10 Day High183.25
10 Day Low150.27
20 Day High183.25
20 Day Low149.4
52 Week High183.25
52 Week Low109.23
Performance
1 Week4.46%
2 Weeks17.69%
1 Month8.22%
3 Month17.54%
6 Month32.69%
12 Month40.35%
2 Year107.53%
3 Year64.43%
5 Year253.37%
10 Year341.39%
15 Year748.3%
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)
Technical Indicators
MACD(12,26,9)2.18
RSI(14)66.56
LBB142.71
UBB179.3
MERITAGE HOMES CORP
NYSE:MTH (5/3/2024, 7:07:35 PM)
After market: 177.04 0 (0%)177.04
+3.92 (+2.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg2.26%
1 Week4.46%
2 Weeks17.69%
1 Month8.22%
3 Month17.54%
6 Month32.69%
12 Month40.35%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)6.43
ATR(20)%3.3%
ATR Inc
Range Today7.38
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High183.25
10 Day Low150.27
20 Day High183.25
20 Day Low149.4
52 Week High183.25
52 Week Low109.23
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume312.10K
Volume Incr-15.08%
Vol(5)313.38K
Vol(50)431.59K