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 0 out of 10 to MTH. MTH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
82% of all other stocks performed better in the past year than MTH.
MTH is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
MTH is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
MTH is part of the Household Durables industry. There are 67 other stocks in this industry, MTH did better than 50% of them.
MTH has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 73.93, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MTH in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
72.52
87.99
We found 1 important support area.
- A support zone ranging from 73.25 to 73.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 76.53 to 76.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @80.98 from a horizontal line in the weekly time frame.
- Resistance @82.91 from a horizontal line in the daily time frame.
- Resistance @87.12 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.99
Mansfield-2.24
10 Day High77.89
10 Day Low71.05
20 Day High84.5
20 Day Low71.05
52 Week High106.99
52 Week Low71.05
Performance
1 Week1.28%
2 Weeks-3.86%
1 Month-9.59%
3 Month-19.55%
6 Month-27.95%
12 Month-5.44%
2 Year35.84%
3 Year50.52%
5 Year133.82%
10 Year233.36%
15 Year593.69%
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)-0.14
RSI(14)40.98
LBB71.85
UBB78.24
74.19
+0.94 (+1.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg1.28%
1 Week1.28%
2 Weeks-3.86%
1 Month-9.59%
3 Month-19.55%
6 Month-27.95%
12 Month-5.44%
2 Year35.84%
3 Year50.52%
5 Year133.82%
10 Year233.36%
15 Year593.69%
Volatility
ATR(14)2.36
ATR(20)%3.46%
ATR Inc-14.04%
Range Today1.63
ADR(20)2.35
ADR(20)%3.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.99
Mansfield-2.24
10 Day High77.89
10 Day Low71.05
20 Day High84.5
20 Day Low71.05
52 Week High106.99
52 Week Low71.05
CS1 End73.93
CR1 Start76.53
Volume & EV
DER(3)4%
DER(5)1.23%
Volume584.70K
Volume Incr-23.9%
Vol(5)738.88K
Vol(50)799.77K