Technical Analysis for MCY - Mercury General Corporation

Grade Last Price % Change Price Change
A 57.45 -0.95% -0.55
MCY closed up 2.0 percent on Thursday, May 9, 2024, on 1.18 times normal volume. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish -0.95%
New 52 Week High Strength -0.95%
Above Upper BB Strength -0.95%
Overbought Stochastic Strength -0.95%
New 52 Week Closing High Bullish 1.04%
180 Bullish Setup Bullish Swing Setup 1.04%
Stochastic Reached Overbought Strength 1.04%
Overbought Stochastic Strength 1.04%
Calm After Storm Range Contraction 3.42%
NR7 Range Contraction 3.42%

   Recent Intraday Alerts

Alert Time
Rose Above Previous Day's High about 4 hours ago
New 52 Week High about 4 hours ago
Down 1% about 4 hours ago
Upper Bollinger Band Resistance about 4 hours ago
Possible NR7 about 24 hours ago

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Profile

Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance. The company also writes homeowners, commercial automobile and property, mechanical breakdown, fire, and umbrella insurance. Its insurance products cover collision, property damage liability, bodily injury liability, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards for automobile policy holders. The company sells its policies through a network of independent agents in California, Florida, Arizona, Georgia, Illinois, Michigan, Nevada, New Jersey, New York, Oklahoma, Pennsylvania, Texas, and Virginia. Mercury General Corporation was founded in 1960 and is headquartered in Los Angeles, California.
Classification

Sector: Financial Services
Industry: Insurance - Property & Casualty
Keywords: Insurance Insurance Products Breakdown Vehicle Insurance Mercury Bodily Injury Personal Automobile Personal Injury Umbrella Insurance Mercury General Personal Automobile Insurance

Is MCY a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 58.01
52 Week Low 26.784
Average Volume 248,919
200-Day Moving Average 38.68
50-Day Moving Average 51.29
20-Day Moving Average 54.21
10-Day Moving Average 54.80
Average True Range 1.71
RSI (14) 65.40
ADX 34.63
+DI 31.63
-DI 14.60
Chandelier Exit (Long, 3 ATRs) 52.88
Chandelier Exit (Short, 3 ATRs) 55.30
Upper Bollinger Bands 58.03
Lower Bollinger Band 50.39
Percent B (%b) 1.0
BandWidth 14.09
MACD Line 1.55
MACD Signal Line 1.34
MACD Histogram 0.2092
Fundamentals Value
Market Cap 3.21 Billion
Num Shares 55.4 Million
EPS -1.84
Price-to-Earnings (P/E) Ratio -31.52
Price-to-Sales 0.51
Price-to-Book 1.63
PEG Ratio 1.19
Dividend 1.27
Dividend Yield 2.19%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 59.82
Resistance 3 (R3) 59.62 58.81 59.51
Resistance 2 (R2) 58.81 58.35 58.91 59.41
Resistance 1 (R1) 58.41 58.07 58.61 58.61 59.31
Pivot Point 57.60 57.60 57.71 57.70 57.60
Support 1 (S1) 57.20 57.14 57.40 57.40 56.69
Support 2 (S2) 56.39 56.86 56.49 56.59
Support 3 (S3) 55.99 56.39 56.49
Support 4 (S4) 56.19