Exchanges: NASDAQ | NYSE | XLON | AMS | ADS | TSE | BRU
Wednesday June 19, 2019 Change -1.76% Price $51.31
Chart period: 2019-03-20 - 2019-06-19
VOLUME
Buy
TREND
Hold
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Will MTH stock price go up or down on Thu, 20 Jun 2019?

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Meritage Corporation Forecast and Stock Analysis

Technical MTH stock analysis for Wednesday June 19, 2019.

Sell candidate since 2019-06-19


Meritage Corporation fell by -1.76% in the last day ( Wednesday, 19th Jun 2019 ) from $52.23 to $51.31 and has now fallen 4 days in a row. During day the stock fluctuated 3.72% from a day low at $50.23 to a day high of $52.10. The price has fallen in 6 of the last 10 days and is down by -1.38% for this period. Volume has increased in the last day by 163 431 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 397 501 shares bought and sold for approximately $20.40 million.

Quick summary:

  • 30 day high of the MTH stock price was $53.32 and low was $49.73.
  • 90 day high was $53.32 and low was $41.81.
  • 52 week high for the Meritage Corporation - $53.32 and low - $32.02.

Trend

Meritage Corporation has broken the strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $51.63. A reaction back to this level may hold a second chance to get out before further falls.

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Signals

There are few to none technical positive signals at the moment. Meritage Corporation holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $52.01 and $51.63. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday June 14, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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Relative Strength Index (RSI)

RSI14 is 55 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Meritage Corporation finds support from accumulated volume at $50.98.

Support: $50.98 Price: $51.31 Resistance: $51.63

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.87 (3.72%) between high and low. For the last week, the stock has had a daily average volatility of 2.55%.

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

2.55 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

The Meritage Corporation stock holds several negative signals and despite the positive trend we believe Meritage Corporation will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Sell Candidate.

Strong Sell Candidate Downgraded
Stronger Sell Today MTH ranks #5963 as SELL CANDIDATE #5963 Weaker Sell

Will MTH stock price go up or down on Thu, 20 Jun 2019?

Predict

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