Technical Analysis for MTH - Meritage Homes Corporation

Grade Last Price % Change Price Change
C 175.46 1.64% 2.83
MTH closed up 1.64 percent on Thursday, March 28, 2024, on 78 percent of normal volume. 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.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Upper Bollinger Band Walk Strength 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Upper Bollinger Band Walk Strength 1.64%
Multiple of Ten Bullish Other 1.64%
Above Upper BB Strength 1.64%
Gapped Up Strength 1.64%
Overbought Stochastic Strength 1.64%
Upper Bollinger Band Touch Strength 1.64%

   Recent Intraday Alerts

Alert Time
Up 3% about 16 hours ago
Up 1 ATR about 16 hours ago
Up 2% about 17 hours ago
60 Minute Opening Range Breakout about 17 hours ago
Up 1% about 18 hours ago

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Profile

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.
Classification

Sector: Consumer Cyclical
Industry: Residential Construction
Keywords: Title Insurance Homebuilder Settlement Services

Is MTH a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 178.8493
52 Week Low 108.5411
Average Volume 462,175
200-Day Moving Average 144.01
50-Day Moving Average 159.41
20-Day Moving Average 161.12
10-Day Moving Average 164.87
Average True Range 4.70
RSI (14) 70.50
ADX 18.76
+DI 39.46
-DI 14.56
Chandelier Exit (Long, 3 ATRs) 163.79
Chandelier Exit (Short, 3 ATRs) 166.77
Upper Bollinger Bands 173.05
Lower Bollinger Band 149.19
Percent B (%b) 1.1
BandWidth 14.81
MACD Line 3.65
MACD Signal Line 1.85
MACD Histogram 1.8029
Fundamentals Value
Market Cap 6.4 Billion
Num Shares 36.4 Million
EPS 19.94
Price-to-Earnings (P/E) Ratio 8.80
Price-to-Sales 0.92
Price-to-Book 1.22
PEG Ratio 1.28
Dividend 1.08
Dividend Yield 0.62%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 183.22
Resistance 3 (R3) 183.17 180.52 181.93
Resistance 2 (R2) 180.52 178.54 180.55 181.50
Resistance 1 (R1) 177.99 177.32 179.26 178.05 181.07
Pivot Point 175.35 175.35 175.98 175.37 175.35
Support 1 (S1) 172.82 173.37 174.08 172.87 169.85
Support 2 (S2) 170.17 172.15 170.20 169.42
Support 3 (S3) 167.64 170.17 168.99
Support 4 (S4) 167.70