Meritage Technical Analysis (NYSE:MTH)
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 Meritage 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 MTH 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 Meritage. The technical analysis form of Meritage stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Meritage Moving Average
Moving averages show the MTH stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $46.91 is above the last closing price of $45.15 and the 50 day moving average of $49.78 is above the last closing price of $45.15. The 10 and 20 day periods can predict short term moving average trends.
Meritage Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the MTH stock. Currently the stock price of $45.15 is in the lower range of Meritage bollinger bands.
Meritage 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 Meritage MACD indicator can be used to identify bullish and bearish trends for the stock.
Meritage Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of MTH stock is 35.5.