MERITAGE HOMES CORP (MTH) Stock Technical Analysis
NYSE:MTH - New York Stock Exchange, Inc. - US59001A1025 - Common Stock - Currency: USD
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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, MTH is a bad performer in the overall market: 75% of all stocks are doing better.
MTH is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
MTH is an average performer in the Household Durables industry, it outperforms 60% of 64 stocks in the same industry.
In the last month MTH has a been trading in the 59.27 - 73.43 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 a resistance zone just above the current price starting at 70.61. Right above this resistance zone may be a good entry point.
More info and screens
61.90
78.38
When analyzing the support we can see 2 important areas.
- Support @63.98 from a horizontal line in the weekly time frame.
- A support zone ranging from 62.53 to 62.53. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 70.61 to 71.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 77.60 to 77.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.89
Mansfield-1.66
10 Day High71.36
10 Day Low60.64
20 Day High73.43
20 Day Low59.27
52 Week High106.99
52 Week Low59.27
Performance
1 Week9.68%
2 Weeks3.5%
1 Month-5.45%
3 Month-14.89%
6 Month-24.61%
12 Month-18.67%
2 Year7.65%
3 Year66.98%
5 Year162.25%
10 Year222.28%
15 Year479.65%
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)
Technical Indicators
MACD(12,26,9)0.61
RSI(14)52.14
LBB61.14
UBB69.98
68.92
+0.71 (+1.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg1.04%
1 Week9.68%
2 Weeks3.5%
1 Month-5.45%
3 Month-14.89%
6 Month-24.61%
12 Month-18.67%
2 Year7.65%
3 Year66.98%
5 Year162.25%
10 Year222.28%
15 Year479.65%
Volatility
ATR(14)4.26
ATR(20)%5.47%
ATR Inc1.36%
Range Today5.1
ADR(20)3.56
ADR(20)%5.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.89
Mansfield-1.66
10 Day High71.36
10 Day Low60.64
20 Day High73.43
20 Day Low59.27
52 Week High106.99
52 Week Low59.27
CS1 End63.98
CR1 Start70.61
Volume & EV
DER(3)-1.88%
DER(5)-0.42%
Volume1.69M
Volume Incr13.16%
Vol(5)1.09M
Vol(50)980.26K