MERCURY GENERAL CORP (MCY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MCY - US5894001008 - Common Stock
Overall MCY gets a technical rating of 10 out of 10. 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.
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.
- Support @87.85 from a horizontal line in the daily time frame.
- Support @80.91 from a trend line in the weekly time frame.
- Support @79.42 from a trend line in the daily time frame.
- Support @77.02 from a horizontal line in the daily time frame.
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 | 85.05 | POSITIVE | MCY has a high relative strength, it outperformed 85.05% 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) | 78.06 | OVERBOUGHT | The high RSI value suggests MCY may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.75 | POSITIVE | The MACD value suggests MCY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.95 | OVERBOUGHT | The high Stochastics value suggests MCY may be overbought. |
| Average True Range in percent/ATR (20) | 2.58 | MEDIUM VOLATILITY | The ATR as a percentage value for MCY suggests some volalility. |
| Average Directional Index/ADX (14) | 36.37 | POSITIVE | The high ADX value value for MCY suggests a strong trend. |
93.36
+0.29 (+0.31%)
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.
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 78.0572. This indicates that the stock is currently overbought.
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.
What are the support and resistance levels for MERCURY GENERAL CORP (MCY) stock?
MERCURY GENERAL CORP (MCY) has a support level at 87.85. Check the full technical report for our detailed analysis of MCY support and resistance levels.