Mercury General Technical Analysis (NYSE:MCY)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The MCY stock chart pattern can give those who understand technical analysis an indication of which way MCY stock is headed, but cannot predict with 100% certainty as to what can happen to the Mercury General stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Mercury General. The technical analysis form of Mercury General stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Mercury General Moving Average
Moving averages help predict the price direction of MCY stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Mercury General are mostly signals of long term trends and will help long term traders.
Mercury General Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the MCY stock. Currently the stock price of $48.08 is in the upper range of Mercury General bollinger bands.
Mercury General Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Mercury General MACD indicator is below 0 indicating a bearish trend.
Mercury General Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of MCY stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.