MERCURY GENERAL CORP (MCY) Stock Technical Analysis
NYSE:MCY • US5894001008
Taking everything into account, MCY scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MCY is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, MCY did better than 89% of all other stocks. On top of that, MCY also shows a nice and consistent pattern of rising prices.
- MCY is one of the better performing stocks in the Insurance industry, it outperforms 99% of 149 stocks in the same industry.
- MCY is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month MCY has a been trading in the 83.83 - 95.82 range, which is quite wide. It is currently trading near the high of this range.
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.
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76.25
When analyzing the support we can see 4 important areas.
- A support zone ranging from 89.84 to 91.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @88.01 from a trend line in the weekly time frame.
- A support zone ranging from 85.21 to 86.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @77.02 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 95.19 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 | UP | POSITIVE | The short term trend for MCY is up. |
| ChartMill Relative Strength | 89.82 | POSITIVE | MCY has a high relative strength, it outperformed 89.82% 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) | 57.95 | NEUTRAL | The RSI value for MCY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.63 | POSITIVE | The MACD value suggests MCY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.99 | OVERBOUGHT | The high Stochastics value suggests MCY may be overbought. |
| Average True Range in percent/ATR (20) | 2.99 | MEDIUM VOLATILITY | The ATR as a percentage value for MCY suggests some volalility. |
| Average Directional Index/ADX (14) | 22.33 | NEUTRAL | The ADX value for MCY suggests a possible start of a new trend. |
93.47
-1.29 (-1.36%)
MERCURY GENERAL CORP / MCY 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.
What is the RSI signal for MERCURY GENERAL CORP (MCY) stock?
MERCURY GENERAL CORP (MCY) has an RSI value of 57.9533. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for MERCURY GENERAL CORP?
The buy/sell signal for MERCURY GENERAL CORP (MCY) is buy as both the short term and long term trends are positive.
What is the support and resistance level for MCY stock?
MERCURY GENERAL CORP (MCY) has a support level at 91.07 and a resistance level at 95.19. Check the full technical report for our detailed analysis of MCY support and resistance levels.