MERCURY GENERAL CORP (MCY) Stock Technical Analysis
USA - NYSE:MCY - US5894001008 - Common Stock
78.91 USD
+0.13 (+0.17%)
78.91 USD
0 (0%)
We assign a technical rating of 4 out of 10 to MCY. MCY has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
In the last month MCY has a been trading in the 76.77 - 87.67 range, which is quite wide. It is currently trading near the lows of this range.
MCY is one of the better performing stocks in the Insurance industry, it outperforms 80% of 147 stocks in the same industry.
MCY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MCY is lagging the market slightly.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Looking at the yearly performance, MCY did better than 77% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Although the technical rating is only medium, MCY does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 78.90, a Stop Loss order could be placed below this zone.
More info and screens
76.25
87.80
When analyzing the support we notice one important area.
- A support zone ranging from 77.02 to 78.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 86.93 to 86.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
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.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for MCY is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MCY is down. |
| ChartMill Relative Strength | 77.66 | POSITIVE | MCY has a high relative strength, it outperformed 77.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MCY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MCY is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MCY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.99 | NEUTRAL | The RSI value for MCY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.68 | NEGATIVE | The MACD value suggests MCY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.45 | NEUTRAL | The Stochastics value for MCY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for MCY suggests some volalility. |
| Average Directional Index/ADX (14) | 28.93 | POSITIVE | The high ADX value value for MCY suggests a strong trend. |
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)
78.91
+0.13 (+0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.17%
1 Week0.34%
2 Weeks-4.74%
1 Month-3.51%
3 Month13.3%
6 Month46.37%
12 Month17.71%
2 Year155.54%
3 Year172.1%
5 Year93.83%
10 Year46.1%
15 Year85.76%
Volatility
ATR(14)2.33
ATR(20)%2.93%
ATR Inc-18.93%
Range Today1.73
ADR(20)2.21
ADR(20)%2.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.66
3 months CRS81.6
6 months CRS84.82
Mansfield0.87
10 Day High83.68
10 Day Low76.77
20 Day High87.67
20 Day Low76.77
52 Week High87.67
52 Week Low44.19
CS1 End78.9
CR1 Start86.93
Volume & EV
DER(3)-0.3%
DER(5)0.16%
Volume160.10K
Volume Incr-39%
Vol(5)152.80K
Vol(50)222.25K