Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.


MERCURY SYSTEMS INC

Nasdaq / Industrials / Aerospace & Defense

Technical Rating and Analysis

8

We assign a technical rating of 8 out of 10 to MRCY. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that MRCY is one of the better performing stocks in the market, outperforming 86% of all stocks. We also observe that the gains produced by MRCY over the past year are nicely spread over this period.
MRCY is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
MRCY is an average performer in the Aerospace & Defense industry, it outperforms 44% of 66 stocks in the same industry.
In the last month MRCY has a been trading in the 49.03 - 54.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
MERCURY SYSTEMS INC / MRCY Weekly stock chart
MERCURY SYSTEMS INC / MRCY Daily stock chart
Setup Rating and Analysis

10

MRCY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 53.42. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 50.44, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MRCY in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

44.42

54.42

5 important support areas can be observed.

  • A support zone ranging from 50.05 to 50.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @48.81 from a trend line in the weekly time frame.
  • Support @47.49 from a trend line in the daily time frame.
  • Support @46.13 from a horizontal line in the weekly time frame.
  • Support @44.87 from a horizontal line in the daily time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 53.42 to 53.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for MRCY is up.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for MRCY is neutral.
ChartMill Relative Strength86.06POSITIVEMRCY has a high relative strength, it outperformed 86.06% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNMIXEDThe current price of MRCY is above a declining SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of MRCY is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of MRCY is above the rising SMA(200).
Relative Strength Index/RSI (14)54.26NEUTRALThe RSI value for MRCY is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.09NEGATIVEThe MACD value suggests MRCY has a negative trend, although the MACD value is rising.
Stochastics (14,3)38.27NEUTRALThe Stochastics value for MRCY is a neutral value.
Average True Range in percent/ATR (20)3.55MEDIUM VOLATILITYThe ATR as a percentage value for MRCY suggests some volalility.
Average Directional Index/ADX (14)9.32NEGATIVEThe low ADX value for MRCY suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
53.8950.043.85 (7.14%)14.00%
An entry @53.89. This is a Buy Stop order right above the resistance zone.An exit @50.04. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 3.85 points, which is 7.14%.When investing 14.00% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.