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. When a chart pattern that can predict future Meritage stock price movements is formed, the MTH stock chart can become a key tool for a technical analyst.
See Meritage bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. 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:
MTH stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Meritage chart patterns after the calculations remain the same. The 100 day moving average of 41.11 is above the last closing price of 40. Moving averages can be used for MTH trend identification. A rising moving average shows that stock prices are generally increasing.
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. The stock price is trading between the average and the lower band in the context 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 line is above the signal line.
Meritage Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. If the RSI of MTH stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .