MTH - Sometimes Stocks Move Fast and Meritage Homes is no Exception
Whether a stock moves fast or slow, one thing is always true. The forces of supply and demand determine the price of Meritage Homes (NYSE: MTH) and every other stock on the market. The price someone is willing to pay for MTH directly impacts its price, but that is offset by what others are willing to sell it for too. The good news is, we can see where these decisions are being made more aggressively, and we can use that information to our advantage. This is what we have done in the example below. Our data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Neutral | |||
| Weak | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 85.39 | |||
| P2 | |||
| 83.08 | |||
| 79.77 | |||
| 104.28 | |||
| P3 | |||
| 85.81 | |||
| 84.02 | |||
| 123.10 |
Long Term Trading Plans for MTH
February 28, 2021, 9:15 am ET
The Technical Summary and Trading Plans for MTH help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this MTH Report.
MTH - (Long) Support Plan
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
MTH - (Short) Resistance Plan
The technical summary data is suggesting a short of MTH as it gets near 85.39, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 85.64. 85.39 is the first level of resistance above 84.31, and by rule, any test of resistance is a short signal. In this case, if resistance 85.39 is being tested, so a short signal would exist.