Meritage Hospitality Group Stock Technical Analysis

MHGUDelisted Stock  USD 19.75  0.28  1.44%   
As of the 3rd of December, Meritage Hospitality secures the Risk Adjusted Performance of 0.037, mean deviation of 0.9266, and Downside Deviation of 2.12. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Meritage Hospitality, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Meritage Hospitality, which can be compared to its peers in the industry.

Meritage Hospitality Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Meritage, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Meritage
  
Meritage Hospitality's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Meritage Hospitality technical otc stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, otc market cycles, or different charting patterns.
A focus of Meritage Hospitality technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Meritage Hospitality trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Meritage Hospitality Technical Analysis

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Meritage Hospitality Trend Analysis

Use this graph to draw trend lines for Meritage Hospitality Group. You can use it to identify possible trend reversals for Meritage Hospitality as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Meritage Hospitality price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Meritage Hospitality Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Meritage Hospitality Group applied against its price change over selected period. The best fit line has a slop of   0.03  , which means Meritage Hospitality Group will continue generating value for investors. It has 122 observation points and a regression sum of squares at 45.9, which is the sum of squared deviations for the predicted Meritage Hospitality price change compared to its average price change.

About Meritage Hospitality Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Meritage Hospitality Group on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Meritage Hospitality Group based on its technical analysis. In general, a bottom-up approach, as applied to this otc stock, focuses on Meritage Hospitality price pattern first instead of the macroeconomic environment surrounding Meritage Hospitality. By analyzing Meritage Hospitality's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Meritage Hospitality's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Meritage Hospitality specific price patterns or momentum indicators. Please read more on our technical analysis page.

Meritage Hospitality December 3, 2024 Technical Indicators

Most technical analysis of Meritage help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Meritage from various momentum indicators to cycle indicators. When you analyze Meritage charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in price.
Note that the Meritage Hospitality information on this page should be used as a complementary analysis to other Meritage Hospitality's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Other Consideration for investing in Meritage OTC Stock

If you are still planning to invest in Meritage Hospitality check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Meritage Hospitality's history and understand the potential risks before investing.
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