MERCURY GENERAL CORP (MCY)
US5894001008 - Common Stock
We assign a technical rating of 7 out of 10 to MCY. In the last year, MCY was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month MCY has a been trading in the 66.08 - 80.72 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
When comparing the yearly performance of all stocks, we notice that MCY is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, MCY also shows a nice and consistent pattern of rising prices.
MCY is part of the Insurance industry. There are 141 other stocks in this industry. MCY outperforms 93% of them.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
MCY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MCY is lagging the market slightly.
Although MCY has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
50.24
73.89
When analyzing the support we can see 3 important areas.
- A support zone ranging from 67.28 to 68.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @66.07 from a trend line in the daily time frame.
- Support @50.75 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 70.23 to 71.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @73.16 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.4
Mansfield1.05
10 Day High76.35
10 Day Low66.08
20 Day High80.72
20 Day Low66.08
52 Week High80.72
52 Week Low36.96
Performance
1 Week-6.79%
2 Weeks-10.57%
1 Month-10.82%
3 Month13.56%
6 Month30.01%
12 Month81.16%
2 Year99.39%
3 Year28.51%
5 Year39.93%
10 Year20.33%
15 Year73.69%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-1.14
RSI(14)36.1
LBB66.18
UBB79.41
MERCURY GENERAL CORP
NYSE:MCY (12/20/2024, 8:23:49 PM)
After market: 68.19 0 (0%)68.19
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0%
1 Week-6.79%
2 Weeks-10.57%
1 Month-10.82%
3 Month13.56%
6 Month30.01%
12 Month81.16%
2 Year99.39%
3 Year28.51%
5 Year39.93%
10 Year20.33%
15 Year73.69%
Volatility
ATR(14)2.36
ATR(20)%3.18%
ATR Inc16.76%
Range Today2.88
ADR(20)2.1
ADR(20)%3.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.4
Mansfield1.05
10 Day High76.35
10 Day Low66.08
20 Day High80.72
20 Day Low66.08
52 Week High80.72
52 Week Low36.96
CS1 End68.18
CR1 Start70.23
Volume & EV
DER(3)-2.95%
DER(5)-1.61%
Volume1.28M
Volume Incr104.69%
Vol(5)484.14K
Vol(50)266.70K