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, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

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 50.9 as stoploss in an intra day buy trade for a target of 52.56. However, stock will show a bearish move below 50.9.

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: 54.65
  • 12Day Average: 53.26
  • 20Day Average: 52.62
  • 50Day Average: 50.31
  • 100Day Average: 44.89
  • 150Day Average: 41.06
  • 200Day Average: 38.14

MCY Indicators & signals

Indicator MACD (12,26,9)

53.31, 51.99, 1.38
Indicator MACD is in positive zone

Indicator ADX (14)

10.34, 28.07, 22.81
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 53
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
26 Fri Apr 2024 51.66 51.50 to 54.16 -4.86% 1.34 times
25 Thu Apr 2024 54.30 53.64 to 55.11 -1.67% 0.94 times
24 Wed Apr 2024 55.22 55.13 to 56.92 -2.71% 1.2 times
23 Tue Apr 2024 56.76 55.68 to 57.12 2.58% 1.31 times
22 Mon Apr 2024 55.33 53.44 to 55.62 3.17% 1.51 times
19 Fri Apr 2024 53.63 52.32 to 54.29 1.82% 1.05 times
18 Thu Apr 2024 52.67 52.00 to 53.60 1.23% 0.55 times
17 Wed Apr 2024 52.03 51.57 to 54.59 -2.51% 0.93 times
16 Tue Apr 2024 53.37 51.52 to 53.53 2.61% 0.93 times
15 Mon Apr 2024 52.01 51.17 to 52.26 2.18% 0.65 times
12 Fri Apr 2024 50.90 50.69 to 52.01 -0.68% 0.93 times
11 Thu Apr 2024 51.25 50.84 to 51.55 -0.1% 0.6 times

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MCY NEWS why is Mercury General Corporation price falling or rising

 

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