MERITAGE HOMES CORP (MTH) Technical Analysis
NYSE:MTH • US59001A1025
Current stock price
MTH Technical Rating and Analysis
Overall MTH gets a technical rating of 0 out of 10. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 74% of all other stocks performed better in the past year than MTH.
- MTH is currently trading in the lower part of its 52 week range. The S&P500 Index however 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 62.47 - 81.30 range, which is quite wide. It is currently trading near the lows of this range.
- MTH has an average volume of 1010820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- MTH is part of the Household Durables industry. There are 60 other stocks in this industry, MTH did better than 54% of them.
MTH Weekly and Daily overview Charts
MTH Setup Rating and Analysis
MTH 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
MTH Support and Resistance Analysis
61.81
We found 1 important support area.
- A support zone ranging from 62.43 to 63.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 69.45 to 71.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @79.05 from a trend line in the weekly time frame.
- Resistance @80.98 from a horizontal line in the weekly time frame.
- Resistance @82.83 from a horizontal line in the daily time frame.
MTH Technical Indicator Signal Analysis
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 | 26.4 | NEGATIVE | MTH has a low relative strength, it was outperformed by 73.6% 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) | UP | MIXED | The current price of MTH is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 30.32 | NEUTRAL | The RSI value for MTH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1 | NEGATIVE | The MACD value suggests MTH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.1 | OVERSOLD | The low Stochastics value suggests MTH may be oversold. |
| Average True Range in percent/ATR (20) | 3.68 | MEDIUM VOLATILITY | The ATR as a percentage value for MTH suggests some volalility. |
| Average Directional Index/ADX (14) | 36.15 | POSITIVE | The high ADX value value for MTH suggests a strong trend. |
MTH Chart- and CandleStick Pattern Analysis
MTH Technicals: Chart, Performance Metrics, Trend & Indicators
64.18
+0.05 (+0.08%)
MERITAGE HOMES CORP / MTH TA FAQ
What is the technical rating for MTH stock?
ChartMill assigns a technical rating of 0 / 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 30.3177. 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 negative.
What is the buy/sell signal for MERITAGE HOMES CORP (MTH) stock?
The buy/sell signal for MERITAGE HOMES CORP (MTH) is sell as both the short term and long term trends are negative.