Nov. 14 at 4:38 AM
$MTH: Current market context shows a last close at
$66.48, with an RSI of 33.53 indicating that the stock is in oversold territory, suggesting potential for a bounce. The 30-day moving average (MA30) is at
$68.87, while the 50-day moving average (MA50) is at
$71.7, indicating a bearish trend as the price is below both MAs. The 60-day high is
$84.74 and the low is
$64.54, establishing a trading range that suggests potential resistance above
$68.87 and support near
$64.54.
Directional bias leans towards a short-term bullish reversal due to the oversold RSI, but caution is advised given the bearish moving averages. Suggested entry is at
$66.75, with a stop loss at
$64.00 to limit potential losses. Target 1 is set at
$68.50 (near MA30) and Target 2 at
$70.00, aligning with the MA50.
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