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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MTH
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Meritage Corporation stock price down 1.28% on Wednesday
(Updated on Apr 17, 2024)

Sell candidate since Apr 10, 2024 Loss -3.86% PDF

The Meritage Corporation stock price fell by -1.28% on the last day (Wednesday, 17th Apr 2024) from $152.09 to $150.14. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.33% from a day low at $149.40 to a day high of $155.87. The price has fallen in 6 of the last 10 days and is down by -8.68% for this period. Volume has increased on the last day by 83 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 323 thousand shares were bought and sold for approximately $48.43 million.

The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $149.91 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Meritage Corporation stock with a 90% probability to be traded between $149.21 and $174.47 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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MTH Signals & Forecast

There are few to no technical positive signals at the moment. The Meritage Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $156.54 and $160.74. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -14.43%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Meritage Corporation stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $6.47 between high and low, or 4.33%. For the last week, the stock has had daily average volatility of 2.75%.

Meritage Corporation is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MTH) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect Meritage Corporation to open at $151.80, and during the day (based on 14 day Average True Range), to move between $145.16 and $155.12, which gives a possible trading interval of +/-$4.98 (+/-3.32%) up or down from last closing price. If Meritage Corporation takes out the full calculated possible swing range there will be an estimated 6.64% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $153.56, some $3.42 (2.28%) from the current price of $150.14, our system finds the risk reward not very attractive.

Earnings coming up

Meritage Corporation will release earnings AMC on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $3.56. We will update the financials statements for Meritage Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.43% in the first trading day after earnings release.

Is Meritage Corporation stock A Buy?

Meritage Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.946 Sell Candidate Unchanged

Predicted Opening Price for Meritage Corporation of Thursday, April 18, 2024

Fair opening price April 18, 2024 Current price
$151.80 ( 1.11%) $150.14

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MTH

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 158.28 5.42 %
R2 155.80 3.77 %
R1 154.27 2.75 %
Current price: 150.14
Support S1 149.33 -0.539 %
S2 147.80 -1.56 %
S3 145.33 -3.20 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 166.86 11.14 %
R2 157.31 4.78 %
R1 153.56 2.28 %
Current price 150.14
Support S1 0 .
S2 0 .
S3 0 .

MTH Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 22, 2024 Mar 14, 2024 Mar 29, 2024 $0.750 0.427%
2 Nov 16, 2023 Dec 14, 2023 Dec 29, 2023 $0.270 0.155%
3 Aug 23, 2023 Sep 14, 2023 Sep 29, 2023 $0.270 0.221%
4 May 18, 2023 Jun 14, 2023 Jun 30, 2023 $0.270 0.190%
5 Feb 16, 2023 Mar 14, 2023 Mar 31, 2023 $0.270 0.231%

FAQ

What is the symbol for Meritage Corporation Stock and on which exchange is it traded?
The symbol for Meritage Corporation is MTH and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Meritage Corporation Stock?
Meritage Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Meritage Corporation Stock?
Meritage Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Meritage Corporation Stock.

What's the current price of Meritage Corporation Stock?
As of the end of day on the 2024-04-17, the price of an Meritage Corporation (MTH) share was $150.14.

What is the 52-week high and low for Meritage Corporation Stock?
The 52-week high for Meritage Corporation Stock is $179.69 and the 52-week low is $109.23.

What is the market capitalization of Meritage Corporation Stock?
As of the 2024-04-17, the market capitalization of Meritage Corporation is 5.43B.

When is the next earnings date for Meritage Corporation?
The upcoming earnings date for Meritage Corporation is Apr 24, 2024.
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About Meritage Corporation

Meritage Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family homes in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for first-time and first move-up buyers. The company also offers title insurance and closing/settlement services to its homebuyers. It builds and sells homes in Texas, Arizona, ... MTH Profile

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