MTH Price Prediction Next Week
Technical Analysis: MTH is currently showing bearish momentum with RSI-14 at 37.26, indicating oversold conditions. The stock has broken below its 5-day SMA (73.56) and 10-day SMA (74.50), suggesting short-term weakness.
Price Targets for Next Week: Based on Fibonacci levels and current technical indicators:
- Resistance: $77.91 (R1)
- Support: $71.81 (S1)
- Key pivot: $74.86
News Impact: Recent analysis indicates MTH ranks 10th among consumer discretionary stocks with a potential 37% upside. However, Keefe Bruyette recently lowered their price target to $90 from $97, citing challenging homebuilding environment.
Forecast for Next Week: Given the technical weakness and recent analyst downgrades, MTH is likely to test support levels. The predicted price range:
- Most likely scenario (60% probability): $71.81 - $74.86
- Target price: $73.25
Trading Recommendation: SELL
- Entry: Current price ($73.25)
- Stop loss: $74.86 (pivot point)
- Target: $71.81 (S1)
Rationale:
- Bearish MACD crossover (-1.87)
- Low Stochastic RSI (16.50)
- Breaking below key moving averages
- Negative analyst sentiment
MTH Similar Chart Price Prediction
The price of MTH is predicted to go up -4.02%, based on the high correlation periods with PHM. The similarity of these two price pattern on the periods is 97.29%.
MTH
PHM
Down: -4.02%Similarity: 97.29%
MTH Revenue Forecast
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MTH Analyst's Forecast
Jade Rahmani
Keefe, Bruyette & Woods
Hold
2025-02-06
Price Target
$97 → $90
Upside
+17.52%
Keefe Bruyette analyst Jade Rahmani lowered the firm's price target on Meritage Homes to $90 from $97 and keeps a Market Perform rating on the shares. The firm sees a challenging environment for homebuilding, the analyst says.
John Lovallo
UBS
Strong Buy
2025-01-08
Price Target
$126 → $118
Upside
+54.79%
Michael Rehaut
JP Morgan
Buy → Hold
2024-12-13
Price Target
$220 → $197
Upside
+16.96%
