MERCURY GENERAL CORP (MCY) Technical Analysis
NYSE:MCY • US5894001008
Current stock price
MCY Technical Rating and Analysis
Taking everything into account, MCY scores 10 out of 10 in our technical rating. 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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that MCY is one of the better performing stocks in the market, outperforming 88% 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 147 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 85.35 - 97.18 range, which is quite wide. It is currently trading near the high of this range.
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 resistance zone just above the current price starting at 96.27. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
MCY Support and Resistance Analysis
82.97
When analyzing the support we can see 4 important areas.
- A support zone ranging from 90.34 to 91.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 87.58 to 88.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 85.21 to 85.49. 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 found 1 important resistance area.
- A resistance zone ranging from 96.27 to 96.27. 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 | UP | POSITIVE | The short term trend for MCY is up. |
| ChartMill Relative Strength | 88.74 | POSITIVE | MCY has a high relative strength, it outperformed 88.74% 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) | 62.53 | NEUTRAL | The RSI value for MCY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.55 | POSITIVE | The MACD value suggests MCY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.35 | OVERBOUGHT | The high Stochastics value suggests MCY may be overbought. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for MCY suggests some volalility. |
| Average Directional Index/ADX (14) | 18.64 | 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 |
|---|---|---|---|
| 96.28 | 90.79 | 5.49 (5.70%) | 17.54% |
| An entry @96.28. This is a Buy Stop order right above the resistance zone. | An exit @90.79. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.49 points, which is 5.70%. | For a 1.00% total portfolio risk, you can invest 17.54% 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.
MCY Technicals: Chart, Performance Metrics, Trend & Indicators
95.45
+0.55 (+0.58%)
MERCURY GENERAL CORP / MCY TA FAQ
What is the ChartMill technical rating of MERCURY GENERAL CORP (MCY) stock?
ChartMill assigns a technical rating of 10 / 10 to MCY.
Can you provide the trend direction for MERCURY GENERAL CORP?
The current trend direction for MERCURY GENERAL CORP (MCY) is Bullish.
Can you provide the RSI signal for MERCURY GENERAL CORP?
MERCURY GENERAL CORP (MCY) has an RSI value of 62.5307. This indicates that the stock is currently neutral.
What is the short term momentum for MCY stock?
The short term momentum for MERCURY GENERAL CORP (MCY) is positive.
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.