M/I Homes: 15-Minute Chart Triggers KDJ Golden Cross, Bullish Marubozu Pattern

According to the 15-minute chart for M/I Homes, a significant bullish indicator has emerged. Specifically, a Golden Cross of the KDJ indicator and a Bullish Marubozu pattern were observed on August 19, 2022, at 15:00. These technical indicators suggest that the momentum of the stock price is shifting towards an upward trend, with a potential for further growth. The buyers have asserted control over the market, and it is likely that the bullish momentum will continue.

M/I Homes (MHO) has shown a significant shift in its stock price momentum, as indicated by the occurrence of a KDJ Golden Cross and a Bullish Marubozu pattern on August 19, 2022, at 15:00. This development suggests that the stock price is poised for an upward trajectory, driven by strong buying pressure.

The KDJ Golden Cross is a bullish trend indicator that signifies a shift in momentum from bearish to bullish. The Bullish Marubozu pattern, observed on August 19, 2022, further supports this upward trend, suggesting strong buying activity. These indicators collectively suggest that M/I Homes' stock price is likely to appreciate.

Historically, M/I Homes has shown mixed earnings results. The recent earnings report released on May 8, 2025, showed earnings per share (EPS) of C$0.355, which missed the consensus estimate of C$0.364. Despite this, the stock price decreased by -0.312% following the earnings report [1]. Analysts have provided mixed sentiments regarding the stock, with Scotiabank and Oppenheimer raising their price targets, while the consensus rating remains a moderate buy, indicating a cautious outlook [1].

The upcoming earnings report, scheduled for August 6, 2025, will provide more insights into the company's performance. As of July 2, 2025, the 1Y price target is C$165.32, with a price target upside of 1.03% [1]. The bearish trend indicated by the 15-minute chart could be influenced by various factors, including macroeconomic risks and order attribution issues during the Meta Shops transition period [1].

Investors should closely monitor M/I Homes' performance and the broader market conditions to assess the potential impact of the bullish trend on the stock price. The Federal Reserve's dovish stance could provide some support to the stock market, but long-term risks from increasing inflation and tariffs should also be considered [1].

References:
[1] https://www.ainvest.com/news/homes-15min-chart-triggers-rsi-overbought-kdj-death-cross-2508-31/