MERCURY GENERAL CORP (MCY) Technical Analysis
NYSE:MCY • US5894001008
Current stock price
MCY Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to MCY. MCY was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- 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 85% 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 148 other stocks in this industry. MCY outperforms 95% of them.
- 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 - 93.31 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MCY Weekly and Daily overview Charts
MCY Setup Rating and Analysis
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 85.91, a Stop Loss order could be placed below this zone.
More info and screens
MCY Support and Resistance Analysis
82.97
2 important support areas can be observed.
- A support zone ranging from 85.21 to 85.91. 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 89.05 to 90.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | 85.55 | POSITIVE | MCY has a high relative strength, it outperformed 85.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MCY is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MCY is below 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) | 44.7 | NEUTRAL | The RSI value for MCY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests MCY has a negative trend. |
| Stochastics (14,3) | 46.95 | NEUTRAL | The Stochastics value for MCY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.18 | MEDIUM VOLATILITY | The ATR as a percentage value for MCY suggests some volalility. |
| Average Directional Index/ADX (14) | 11.9 | 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 |
|---|---|---|---|
| 90.21 | 85.81 | 4.40 (4.88%) | 20.50% |
| An entry @90.21. 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 trade has a worst case loss of 4.40 points, which is 4.88%. | When investing 20.50% 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
87.85
-1.78 (-1.99%)
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 44.7015. 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 85.91 and a resistance level at 89.05. Check the full technical report for our detailed analysis of MCY support and resistance levels.