Meritage Homes Corp

MTH remains in a long-term uptrend as a Stage 2 advance, but recent corrective pullbacks have left price below the short EMAs, which are now acting as resistance. The rising 50-day SMA supports the medium-term structure, yet mixed momentum and a neutral overbought/oversold context offer no clear entry. Execution should be deferred, stalking for stabilization and acceptance on pullbacks into the EMA zone or 50-day SMA before engaging.

• ↑Community count grew 19% YoY to 345, targeting 5–10% further growth by 2026
• ↑Backlog conversion at 254% highlights operational efficiency and strong demand
• ↓Home closing revenue fell to $1.1B in Q1 (–17% YoY) and EPS dropped 51% to $0.82