Technical Analysis for MTH - Meritage Homes Corporation
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| A | 177.04 | 2.26% | 3.92 |
MTH closed up 2.26 percent on Friday, May 3, 2024, on 72 percent of normal volume. The bulls were able to push the stock to a new 52-week high. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Gilligan's Island Sell Setup | Bearish Swing Setup | 0.00% | |
| Cup with Handle | Other | 0.00% | |
| Calm After Storm | Range Contraction | 0.00% | |
| New 52 Week High | Strength | 0.00% | |
| Stochastic Reached Overbought | Strength | 0.00% | |
| Multiple of Ten Bearish | Other | 0.00% | |
| Above Upper BB | Strength | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Up 3 Days in a Row | Strength | 0.00% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakdown | 2 days ago |
| Gapped Up (Full) | 2 days ago |
| Rose Above Previous Day's High | 2 days ago |
| New 52 Week High | 2 days ago |
| Rose Above Upper Bollinger Band | 2 days ago |
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Basic chart:
- Earnings date: 06/12/2024
Meritage Homes Corporation engages in designing and building single-family detached homes. It offers a range of homes for various homebuyers, including first-time, move-up, active adult, and luxury. The company provides its homes under the Meritage Homes and Monterey Homes names. It also offers title insurance and closing/settlement services for its homebuyers. The company operates in 158 communities in Arizona, Texas, California, Nevada, Colorado, Florida, and the Carolinas. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona.
Sector: Consumer Cyclical
Industry: Residential Construction
Keywords: Title Insurance Homebuilder Settlement Services
Classification
Sector: Consumer Cyclical
Industry: Residential Construction
Keywords: Title Insurance Homebuilder Settlement Services
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 183.25 |
| 52 Week Low | 108.5411 |
| Average Volume | 430,635 |
| 200-Day Moving Average | 147.10 |
| 50-Day Moving Average | 160.74 |
| 20-Day Moving Average | 160.53 |
| 10-Day Moving Average | 165.13 |
| Average True Range | 6.05 |
| RSI (14) | 66.67 |
| ADX | 24.37 |
| +DI | 40.00 |
| -DI | 11.72 |
| Chandelier Exit (Long, 3 ATRs) | 165.09 |
| Chandelier Exit (Short, 3 ATRs) | 167.56 |
| Upper Bollinger Bands | 176.34 |
| Lower Bollinger Band | 144.71 |
| Percent B (%b) | 1.02 |
| BandWidth | 19.70 |
| MACD Line | 2.99 |
| MACD Signal Line | 0.82 |
| MACD Histogram | 2.1638 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 188.11 | ||||
| Resistance 3 (R3) | 188.95 | 186.10 | 186.27 | ||
| Resistance 2 (R2) | 186.10 | 183.28 | 185.68 | 185.65 | |
| Resistance 1 (R1) | 181.57 | 181.54 | 180.15 | 180.73 | 185.03 |
| Pivot Point | 178.72 | 178.72 | 178.01 | 178.30 | 178.72 |
| Support 1 (S1) | 174.19 | 175.90 | 172.77 | 173.35 | 169.05 |
| Support 2 (S2) | 171.34 | 174.16 | 170.92 | 168.43 | |
| Support 3 (S3) | 166.81 | 171.34 | 167.82 | ||
| Support 4 (S4) | 165.97 |
