MERCURY GENERAL CORP (MCY) Stock Technical Analysis
USA - NYSE:MCY - US5894001008 - Common Stock
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.
Although the technical rating is only medium, MCY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 79.25, a Stop Loss order could be placed below this zone.
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76.25
When analyzing the support we notice one important area.
- A support zone ranging from 77.02 to 79.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance 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 | 77.06 | POSITIVE | MCY has a high relative strength, it outperformed 77.06% 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) | 45.44 | NEUTRAL | The RSI value for MCY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.6 | NEGATIVE | The MACD value suggests MCY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.95 | NEUTRAL | The Stochastics value for MCY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for MCY suggests some volalility. |
| Average Directional Index/ADX (14) | 28.82 | POSITIVE | The high ADX value value for MCY suggests a strong trend. |
79.26
+0.35 (+0.44%)
MERCURY GENERAL CORP / MCY FAQ
What is the ChartMill technical rating of MERCURY GENERAL CORP (MCY) stock?
ChartMill assigns a technical rating of 4 / 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 45.4395. This indicates that the stock is currently neutral.
What is the buy/sell signal for MCY stock?
The buy/sell signal for MERCURY GENERAL CORP (MCY) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for MERCURY GENERAL CORP (MCY) stock?
MERCURY GENERAL CORP (MCY) has a support level at 79.25 and a resistance level at 86.93. Check the full technical report for our detailed analysis of MCY support and resistance levels.