MCY NEWS why is Mercury General Corporation price falling or rising

MCY NEWS reasons for why stock price of Mercury General Corporation is falling or rising

MCY Mercury General is falling or rising technical reasons

Technical analysis forecast for Mercury General Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Mercury General MCY at this time. Stock is falling and might fall more.

It appears as if Mercury General MCY gave a large move recently.

Stock of Mercury General (MCY) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Mercury General is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 46.9 as stoploss in an intra day buy trade for a target of 54.63. However, stock will show a bearish move below 46.9.

MCY Mercury General is falling or rising NEWS fundamental reasons

More announcements and NEWS

MCY Mercury General Corporation current price & indicator signals

Moving Averages for Mercury General Corporation

  • 5Day Average: 49.09
  • 12Day Average: 49.21
  • 20Day Average: 55.32
  • 50Day Average: 66
  • 100Day Average: 65.26
  • 150Day Average: 62.88
  • 200Day Average: 60.86

MCY Indicators & signals

Indicator MACD (12,26,9)

51.47, 56.64, -5.19
Indicator MACD is in negative zone

Indicator ADX (14)

57.45, 8.5, 31.44
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 44
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MCY Mercury General Corporation are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
24 Fri Jan 2025 49.38 48.70 to 50.71 -1.42% 0.62 times
23 Thu Jan 2025 50.09 46.81 to 50.48 5.03% 0.76 times
22 Wed Jan 2025 47.69 46.86 to 51.50 -4.79% 1.12 times
21 Tue Jan 2025 50.09 48.95 to 50.73 3.94% 1.01 times
17 Fri Jan 2025 48.19 48.14 to 52.63 0% 0.8 times
17 Fri Jan 2025 48.19 48.14 to 52.63 -7.45% 0.8 times
16 Thu Jan 2025 52.07 50.13 to 52.67 -1.57% 0.45 times
15 Wed Jan 2025 52.90 50.92 to 53.54 8.07% 0.98 times
14 Tue Jan 2025 48.95 45.75 to 49.52 3.75% 1.04 times
13 Mon Jan 2025 47.18 44.19 to 48.89 0% 1.52 times
13 Mon Jan 2025 47.18 44.19 to 48.89 -2.98% 1.52 times
10 Fri Jan 2025 48.63 46.66 to 51.85 -19.88% 2.33 times

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MCY NEWS why is Mercury General Corporation price falling or rising

 

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