Meritage Corporation (NYSE:MTH) Spiked Up 0.8% – Here’s Why

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For its latest trading sesion, Meritage Corporation (NYSE:MTH) spiked up by 0.8% – here is what that looked like (as of 2019-12-26):

What’s the reason for these moves? To have a greater insight of what is happening, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 50.065, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.002, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 1.036, an Accumulation/Distribution Index (ADI) of 1.036, an On-Balance Volume (OBV) of 470.336, and a Chaiikin Money Flow (CMF) of 61.95. 1.469

Now let’s plug these indicators in. Consulting Trading View, putting it all together gets the following:

That is what an analysis of technical indicators seems to indicate for Meritage Corporation (NYSE:MTH). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.