MERCURY GENERAL CORP (MCY) Technical Analysis
NYSE:MCY • US5894001008
Current stock price
MCY Technical Rating and Analysis
Overall MCY gets a technical rating of 7 out of 10. In the last year, MCY was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, MCY did better than 85% of all other stocks. On top of that, MCY also shows a nice and consistent pattern of rising prices.
- MCY is one of the better performing stocks in the Insurance industry, it outperforms 95% of 148 stocks in the same industry.
- MCY is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MCY is performing more or less in line with the market.
- In the last month MCY has a been trading in the 82.42 - 100.06 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
MCY Weekly and Daily overview Charts
MCY Setup Rating and Analysis
MCY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 85.54, a Stop Loss order could be placed below this zone.
More info and screens
MCY Support and Resistance Analysis
82.97
When analyzing the support we can see 3 important areas.
- A support zone ranging from 89.51 to 90.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 85.21 to 85.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @83.81 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @91.05 from a trend line in the daily time frame.
- A resistance zone ranging from 95.19 to 96.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
MCY 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.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for MCY is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MCY is neutral. |
| ChartMill Relative Strength | 85.86 | POSITIVE | MCY has a high relative strength, it outperformed 85.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MCY is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MCY is above a declining 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) | 47.58 | NEUTRAL | The RSI value for MCY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests MCY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.73 | NEUTRAL | The Stochastics value for MCY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.88 | MEDIUM VOLATILITY | The ATR as a percentage value for MCY suggests some volalility. |
| Average Directional Index/ADX (14) | 13.68 | NEGATIVE | The low ADX value for MCY suggests a weak or negative trend. |
MCY Chart- and CandleStick Pattern Analysis
MCY 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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 91.06 | 85.81 | 5.25 (5.77%) | 17.34% |
| An entry @91.06. This is a Buy Stop order right above the resistance zone. | An exit @85.81. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.25 points, which is 5.77%. | When investing 17.34% 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.
MCY Technicals: Chart, Performance Metrics, Trend & Indicators
90.44
+1.48 (+1.66%)
MERCURY GENERAL CORP / MCY TA FAQ
What is the ChartMill technical rating of MERCURY GENERAL CORP (MCY) stock?
ChartMill assigns a technical rating of 7 / 10 to MCY.
Can you provide the trend direction for MERCURY GENERAL CORP?
The current trend direction for MERCURY GENERAL CORP (MCY) is Bullish.
What is the RSI signal for MERCURY GENERAL CORP (MCY) stock?
MERCURY GENERAL CORP (MCY) has an RSI value of 47.5818. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for MERCURY GENERAL CORP?
MERCURY GENERAL CORP (MCY) has a support level at 85.54 and a resistance level at 89.51. Check the full technical report for our detailed analysis of MCY support and resistance levels.