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 3 out of 10 to MTH. Recently some decent action could be observed, but in the medium term time frame this is still negative. MTH was also a bad performer in the overall market in the last year.
79% 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, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
MTH has an average volume of 1084670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
MTH is an average performer in the Household Durables industry, it outperforms 46% of 63 stocks in the same industry.
In the last month MTH has a been trading in the 66.98 - 76.59 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MTH has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
61.82
78.38
When analyzing the support we can see 2 important areas.
- A support zone ranging from 63.61 to 64.58. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 62.44 to 62.53. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 4 important resistance areas.
- Resistance @72.57 from a trend line in the weekly time frame.
- A resistance zone ranging from 73.77 to 74.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 75.37 to 75.94. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @77.60 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 | 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 | 21.54 | NEGATIVE | MTH has a low relative strength, it was outperformed by 78.46% 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) | DOWN | NEGATIVE | The current price of MTH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.8 | NEUTRAL | The RSI value for MTH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests MTH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.2 | NEUTRAL | The Stochastics value for MTH is a neutral value. |
| Average True Range in percent/ATR (20) | 4.03 | MEDIUM VOLATILITY | The ATR as a percentage value for MTH suggests some volalility. |
| Average Directional Index/ADX (14) | 15.25 | 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)
72.56
+1.43 (+2.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg2.01%
1 Week3.11%
2 Weeks3.73%
1 Month5.7%
3 Month6.38%
6 Month-1.63%
12 Month-18.73%
2 Year4.37%
3 Year85.22%
5 Year51.12%
10 Year244.38%
15 Year712.54%
Volatility
ATR(14)2.86
ATR(20)%4.03%
ATR Inc-1.46%
Range Today1.39
ADR(20)2.61
ADR(20)%3.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.54
Mansfield-1.57
10 Day High76.27
10 Day Low66.98
20 Day High76.59
20 Day Low66.98
52 Week High106.99
52 Week Low59.27
CS1 End64.58
CR1 Start72.57
Volume & EV
DER(3)-0.74%
DER(5)-1.48%
Volume778.70K
Volume Incr13.17%
Vol(5)1.45M
Vol(50)1.08M