Meritage Corporation (NYSE:MTH) Spiked Up 0.5% – Here’s Why

      Comments Off on Meritage Corporation (NYSE:MTH) Spiked Up 0.5% – Here’s Why

For its latest trading sesion, Meritage Corporation (NYSE:MTH) spiked up by 0.5% – here is what that looked like (as of 2020-01-06):

Why are these moves happning?? To understand this better, We ought to analyze some technical indicators. As we see it, you should pay the most attention to the following:

A Money Flow Index (MFI) of 20.127, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of -0.0, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 1.026, an Accumulation/Distribution Index (ADI) of 1.026, an On-Balance Volume (OBV) of 351.273, and a Chaiikin Money Flow (CMF) of -61.49. 1.0

So what do these technical indicators mean? Let’s see. Consulting Trading View, we can conclude the following:

So there you have it – our analysis of 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.