MERCURY GENERAL CORP (MCY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MCY - US5894001008 - Common Stock
Taking everything into account, MCY scores 8 out of 10 in our technical rating. 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 may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that MCY is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by MCY over the past year are nicely spread over this period.
- MCY is part of the Insurance industry. There are 149 other stocks in this industry. MCY outperforms 97% of them.
- 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.
- In the last month MCY has a been trading in the 86.42 - 96.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, MCY also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 89.31, a Stop Loss order could be placed below this zone.
More info and screens
75.47
3 important support areas can be observed.
- A support zone ranging from 88.12 to 89.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @83.87 from a trend line in the daily time frame.
- A support zone ranging from 76.23 to 77.02. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 89.92 to 91.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 93.95 to 95.28. 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 | NEUTRAL | NEUTRAL | The short term trend for MCY is neutral. |
| ChartMill Relative Strength | 92.85 | POSITIVE | MCY has a high relative strength, it outperformed 92.85% 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) | 44.1 | NEUTRAL | The RSI value for MCY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests MCY has a negative trend. |
| Stochastics (14,3) | 46.26 | NEUTRAL | The Stochastics value for MCY is a neutral value. |
| 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) | 20.69 | NEUTRAL | The ADX value for MCY suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 91.82 | 88.11 | 3.71 (4.04%) | 24.75% |
| An entry @91.82. This is a Buy Stop order right above the resistance zone. | An exit @88.11. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.71 points, which is 4.04%. | For a 1.00% total portfolio risk, you can invest 24.75% of your capital in this trade. |
- 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.
89.32
-1.77 (-1.94%)
MERCURY GENERAL CORP / MCY FAQ
What is the ChartMill technical rating of MERCURY GENERAL CORP (MCY) stock?
ChartMill assigns a technical rating of 8 / 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 44.1034. 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 89.31 and a resistance level at 89.92. Check the full technical report for our detailed analysis of MCY support and resistance levels.