MERITAGE HOMES CORP (MTH) Stock Technical Analysis
NYSE:MTH - New York Stock Exchange, Inc. - US59001A1025 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to MTH. MTH'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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, MTH is a bad performer in the overall market: 80% of all stocks are doing better.
MTH is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MTH is lagging the market.
In the last month MTH has a been trading in the 62.76 - 73.48 range, which is quite wide. It is currently trading near the lows of this range.
MTH is part of the Household Durables industry. There are 64 other stocks in this industry, MTH did better than 46% of them.
The technical rating of MTH is bad and it also does not present a quality setup 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
61.89
71.78
2 important support areas can be observed.
- Support @63.98 from a horizontal line in the weekly time frame.
- Support @62.52 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @64.65 from a trend line in the weekly time frame.
- A resistance zone ranging from 67.69 to 69.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @71.07 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 | DOWN | NEGATIVE | The long term trend for MTH is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MTH is down. |
| ChartMill Relative Strength | 20.06 | NEGATIVE | MTH has a low relative strength, it was outperformed by 79.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MTH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MTH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MTH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.99 | NEUTRAL | The RSI value for MTH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.4 | NEGATIVE | The MACD value suggests MTH has a negative trend. |
| Stochastics (14,3) | 7.5 | OVERSOLD | The low Stochastics value suggests MTH may be oversold. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for MTH suggests some volalility. |
| Average Directional Index/ADX (14) | 13.46 | NEGATIVE | The low ADX value for MTH suggests a weak or negative 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)
64.35
+0.28 (+0.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg0.44%
1 Week-4.95%
2 Weeks-7%
1 Month-6.63%
3 Month-12.78%
6 Month-30.22%
12 Month-26.3%
2 Year11.59%
3 Year50.86%
5 Year85.18%
10 Year193.43%
15 Year501.96%
Volatility
ATR(14)2.3
ATR(20)%3.47%
ATR Inc6.5%
Range Today2.06
ADR(20)2.02
ADR(20)%3.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.06
Mansfield-2.49
10 Day High73.49
10 Day Low62.76
20 Day High73.49
20 Day Low62.76
52 Week High106.99
52 Week Low59.27
CS1 End63.98
CR1 Start64.65
Volume & EV
DER(3)-4.72%
DER(5)-2.61%
Volume1.18M
Volume Incr-17.09%
Vol(5)750.92K
Vol(50)915.53K