MERITAGE HOMES CORP (MTH) Stock Technical Analysis
USA - NYSE:MTH - US59001A1025 - Common Stock
Overall MTH gets a technical rating of 1 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.
Although the technical rating is bad, MTH does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
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62.97
When analyzing the support we notice one important area.
- Support @63.61 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 67.16 to 68.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 71.07 to 72.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @75.94 from a horizontal line in the daily time frame.
- Resistance @79.08 from a trend line in the weekly time frame.
- Resistance @80.98 from a horizontal line in the weekly 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 | 15.29 | NEGATIVE | MTH has a low relative strength, it was outperformed by 84.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MTH is below the rising 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) | 41.34 | NEUTRAL | The RSI value for MTH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests MTH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.23 | NEUTRAL | The Stochastics value for MTH is a neutral value. |
| Average True Range in percent/ATR (20) | 3.2 | MEDIUM VOLATILITY | The ATR as a percentage value for MTH suggests some volalility. |
| Average Directional Index/ADX (14) | 19.09 | NEGATIVE | The low ADX value for MTH suggests a weak or negative trend. |
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+1.57 (+2.4%)
MERITAGE HOMES CORP / MTH FAQ
What is the technical rating for MTH stock?
ChartMill assigns a technical rating of 1 / 10 to MTH.
Can you provide the trend direction for MERITAGE HOMES CORP?
The current trend direction for MERITAGE HOMES CORP (MTH) is Bearish.
What is the RSI signal for MERITAGE HOMES CORP (MTH) stock?
MERITAGE HOMES CORP (MTH) has an RSI value of 41.3421. This indicates that the stock is currently neutral.
What is the MACD signal for MTH stock?
The MACD indicator for MERITAGE HOMES CORP (MTH) has a value of -0.19134, indicating a bearish trend.
Can you provide the short term momentum for MERITAGE HOMES CORP?
The short term momentum for MERITAGE HOMES CORP (MTH) is negative.