MERITAGE HOMES CORP (MTH) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MTH - US59001A1025 - Common Stock
75.45 USD
+7.09 (+10.37%)
75.45 USD
0 (0%)
Overall MTH gets a technical rating of 4 out of 10. MTH has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
In the last month MTH has a been trading in the 64.85 - 75.71 range, which is quite wide. It is currently trading near the high of this range.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the performance of all stocks over the past year, MTH turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.
MTH is an average performer in the Household Durables industry, it outperforms 62% of 60 stocks in the same industry.
MTH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MTH is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MTH has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
62.21
83.66
We found 5 important support areas.
- A support zone ranging from 74.73 to 75.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 70.35 to 71.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 67.59 to 68.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 64.56 to 66.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @62.84 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @80.98 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 82.83 to 82.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for MTH is neutral. |
| ChartMill Relative Strength | 55.99 | NEUTRAL | MTH is not amongst the best or worst performers 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) | 69.64 | 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) | 66.6 | NEUTRAL | The Stochastics value for MTH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for MTH suggests some volalility. |
| Average Directional Index/ADX (14) | 19.22 | 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)
75.45
+7.09 (+10.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg10.37%
1 Week13.92%
2 Weeks13.36%
1 Month4.62%
3 Month13.39%
6 Month2.28%
12 Month2.06%
2 Year-8.88%
3 Year40.12%
5 Year88.01%
10 Year357.13%
15 Year557.23%
Volatility
ATR(14)2.08
ATR(20)%2.69%
ATR Inc236.31%
Range Today5.83
ADR(20)1.9
ADR(20)%2.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.99
3 months CRS82.42
6 months CRS45.71
Mansfield-0.53
10 Day High75.71
10 Day Low65.07
20 Day High75.71
20 Day Low64.85
52 Week High84.74
52 Week Low59.27
CS1 End75.33
CR1 Start80.98
Volume & EV
DER(3)0.97%
DER(5)0.9%
Volume2.17M
Volume Incr45.15%
Vol(5)1.07M
Vol(50)861.47K
MERITAGE HOMES CORP / MTH FAQ
What is the technical rating for MTH stock?
ChartMill assigns a technical rating of 4 / 10 to MTH.
What is the current trend direction of MERITAGE HOMES CORP (MTH) stock?
The current trend direction for MERITAGE HOMES CORP (MTH) is Bearish.
What is the RSI signal for MTH stock?
MERITAGE HOMES CORP (MTH) has an RSI value of 69.6426. This indicates that the stock is currently neutral.
What is the short term momentum for MERITAGE HOMES CORP (MTH) stock?
The short term momentum for MERITAGE HOMES CORP (MTH) is neutral.