MERCURY GENERAL CORP (MCY) Stock Technical Analysis
USA - NYSE:MCY - US5894001008 - Common Stock
We assign a technical rating of 9 out of 10 to MCY. Both in the recent history as in the last year, MCY has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although MCY has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
75.47
2 important support areas can be observed.
- A support zone ranging from 80.00 to 81.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 76.23 to 78.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 88.50 to 88.50. 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 | UP | POSITIVE | The short term trend for MCY is up. |
| ChartMill Relative Strength | 83.21 | POSITIVE | MCY has a high relative strength, it outperformed 83.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MCY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MCY is above 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) | 72.93 | OVERBOUGHT | The high RSI value suggests MCY may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1 | POSITIVE | The MACD value suggests MCY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.91 | OVERBOUGHT | The high Stochastics value suggests MCY may be overbought. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for MCY suggests some volalility. |
| Average Directional Index/ADX (14) | 30.65 | POSITIVE | The high ADX value value for MCY suggests a strong trend. |
88.49
+0.4 (+0.45%)
MERCURY GENERAL CORP / MCY FAQ
What is the ChartMill technical rating of MERCURY GENERAL CORP (MCY) stock?
ChartMill assigns a technical rating of 9 / 10 to MCY.
What is the current trend direction of MERCURY GENERAL CORP (MCY) stock?
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 72.9252. This indicates that the stock is currently overbought.
What is the buy/sell signal for MCY stock?
The buy/sell signal for MERCURY GENERAL CORP (MCY) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for MERCURY GENERAL CORP (MCY) stock?
MERCURY GENERAL CORP (MCY) has a support level at 81.59 and a resistance level at 88.5. Check the full technical report for our detailed analysis of MCY support and resistance levels.