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(MTH) Meritage Corporation complete technical analysis [charts+indicators] | Buy/Sell Meritage Corporation | (MTH) share price targets

Complete technical analysis of Meritage Corporation (MTH) by charts plus indicators, forecast predictions and share price targets for Meritage Corporation (MTH)

Meritage Corporation trades in USA in Capital Goods sector.

Showing technical analysis as on 2024-01-26 View latest technical analysis

10 day averaged volume of Meritage Corporation is 291010

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Jan 2024	165.43	166.28	168.34	164.74	0.893 times
25 Thu Jan 2024	166.11	166.39	166.48	164.26	1.589 times
24 Wed Jan 2024	163.02	169.03	169.06	162.16	1.503 times
23 Tue Jan 2024	166.86	173.78	175.00	165.89	1.701 times
22 Mon Jan 2024	176.50	173.90	179.69	173.64	1.645 times
19 Fri Jan 2024	174.01	172.45	174.49	170.26	0.566 times
18 Thu Jan 2024	171.99	172.20	172.58	169.52	0.672 times
17 Wed Jan 2024	168.50	167.91	169.35	167.00	0.588 times
16 Tue Jan 2024	170.22	170.21	171.26	169.23	0.843 times
12 Fri Jan 2024	171.93	176.43	176.43	170.52	0.447 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 166.5, but if it comes above 166.5, then a intra day buy could be more profitable.
If you take a sell trade below 166.5, then use 166.5 as stoploss and 162.3 as target. However if you take a buy trade in stock , then use 166.5 as stoploss and 170.04 as target.

Share price targets for Meritage Corporation (MTH)

Target Type	Value
Downside Target	109.23
Downside Target	120.95
Downside Target	141.06
Downside Target	146.29
Downside Target	162.16
Upside Target	170.52
Upside Target	172.25
Upside Target	174.49
Upside Target	176.43
Upside Target	178.82
Upside Target	179.69

Intraday share price targets for Meritage Corporation (MTH)

Target Type	Value
Downside Intraday Target	158.5
Downside Intraday Target	151.56
Upside Intraday Target	176.03
Upside Intraday Target	186.62
Upside Intraday Target	169.09

Weekly technical analysis of Meritage Corporation (MTH)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Jan 2024	165.43	173.90	179.69	162.16	2.747 times
19 Fri Jan 2024	174.01	170.21	174.49	167.00	5.968 times
12 Fri Jan 2024	171.93	176.43	176.43	170.52	0.12 times
12 Fri Jan 2024	171.93	168.96	176.43	167.12	1.034 times
05 Fri Jan 2024	167.91	171.27	172.25	164.11	7.033 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Meritage Corporation (MTH)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Fri Jan 2024	165.43	171.27	179.69	162.16	0.595 times
29 Fri Dec 2023	174.20	141.06	178.82	141.06	1.19 times
30 Thu Nov 2023	141.30	109.75	146.29	109.23	1.039 times
31 Tue Oct 2023	114.02	121.49	123.13	109.34	0.981 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Meritage Corporation (MTH)

Price action analysis of Meritage Corporation ( (MTH) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Meritage Corporation ( (MTH) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Meritage Corporation ( (MTH) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Meritage Corporation stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Meritage Corporation in short term but the sell signal is initial and weak.

Meritage Corporation Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a buy signal for Meritage Corporation in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Meritage Corporation is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 168.89 and Meritage Corporation (MTH) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Meritage Corporation (MTH) stock. Volume based technical analysis of Meritage Corporation (MTH) stock is negative.

Meritage Corporation Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.