NYSE:MTH • US59001A1025
We assign a technical rating of 7 out of 10 to MTH. In the last year, MTH was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although MTH has an excellent technical rating, it does not offer a high 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.
63.91
4 important support areas can be observed.
We can see 2 important resistance areas.
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 MTH is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTH is up. |
| ChartMill Relative Strength | 74.04 | POSITIVE | MTH has a high relative strength, it outperformed 74.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MTH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MTH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MTH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.3 | NEUTRAL | The RSI value for MTH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.64 | POSITIVE | The MACD value suggests MTH has a positive trend. |
| Stochastics (14,3) | 86.97 | OVERBOUGHT | The high Stochastics value suggests MTH may be overbought. |
| Average True Range in percent/ATR (20) | 3.56 | MEDIUM VOLATILITY | The ATR as a percentage value for MTH suggests some volalility. |
| Average Directional Index/ADX (14) | 24.13 | NEUTRAL | The ADX value for MTH suggests a possible start of a new trend. |
80.6
+3.79 (+4.93%)
ChartMill assigns a technical rating of 7 / 10 to MTH.
The current trend direction for MERITAGE HOMES CORP (MTH) is Bearish.
MERITAGE HOMES CORP (MTH) has an RSI value of 67.3034. This indicates that the stock is currently neutral.
The short term momentum for MERITAGE HOMES CORP (MTH) is positive.