MERITAGE HOMES CORP (MTH) Stock Technical Analysis
NYSE:MTH - US59001A1025 - Common Stock
77.18 USD
-1.12 (-1.43%)
77.18 USD
0 (0%)
Taking everything into account, MTH scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, MTH is a bad performer.
When comparing the yearly performance of all stocks, MTH is a bad performer in the overall market: 69% of all stocks are doing better.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month MTH has a been trading in the 66.98 - 81.34 range, which is quite wide. It is currently trading near the high of this range.
MTH has an average volume of 1127950 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 63 other stocks in this industry, MTH did better than 50% of them.
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.
MTH has an excellent technical rating, but the quality of the setup is 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
61.90
80.88
When analyzing the support we can see 5 important areas.
- Support @76.40 from a trend line in the daily time frame.
- A support zone ranging from 69.77 to 71.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @67.34 from a horizontal line in the daily time frame.
- Support @64.88 from a trend line in the weekly time frame.
- Support @62.53 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 80.08 to 80.08. 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 | UP | POSITIVE | The long term trend for MTH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTH is up. |
| ChartMill Relative Strength | 31.24 | 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) | DOWN | MIXED | The current price of MTH is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.42 | NEUTRAL | The RSI value for MTH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests MTH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.96 | NEUTRAL | The Stochastics value for MTH is a neutral value. |
| Average True Range in percent/ATR (20) | 3.38 | MEDIUM VOLATILITY | The ATR as a percentage value for MTH suggests some volalility. |
| Average Directional Index/ADX (14) | 23.02 | NEUTRAL | The ADX value for MTH suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 80.09 | 76.39 | 3.70 (4.62%) | 21.65% |
| An entry @80.09. This is a Buy Stop order right above the resistance zone. | An exit @76.39. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.70 points, which is 4.62%. | For a 1.00% total portfolio risk, you can invest 21.65% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MTH. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
77.18
-1.12 (-1.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-1.43%
1 Week-0.09%
2 Weeks3.58%
1 Month11.1%
3 Month21.33%
6 Month6.5%
12 Month-22.07%
2 Year11.02%
3 Year97.01%
5 Year60.74%
10 Year266.3%
15 Year764.28%
Volatility
ATR(14)2.65
ATR(20)%3.38%
ATR Inc-39.28%
Range Today1.46
ADR(20)2.46
ADR(20)%3.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.24
Mansfield-1.02
10 Day High81.34
10 Day Low73.44
20 Day High81.34
20 Day Low66.98
52 Week High106.99
52 Week Low59.27
CS1 End76.4
CR1 Start80.08
Volume & EV
DER(3)0.3%
DER(5)-0.22%
Volume878.10K
Volume Incr-5.05%
Vol(5)1.17M
Vol(50)1.13M