M/I Homes Technical Analysis (NYSE:MHO)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the M/I Homes stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the MHO stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for M/I Homes. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of M/I Homes stock analysis.
M/I Homes Moving Average
Moving averages help predict the price direction of MHO stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $28.21 is above the price of $27.66.
M/I Homes Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like M/I Homes. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of M/I Homes bollinger bands.
M/I Homes Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The M/I Homes MACD indicator can be used to identify bullish and bearish trends for the stock.
M/I Homes Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of MHO stock is 40.04.