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MERCURY GENERAL
MERCURY GENERAL
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: MCY
ISIN:

MERCURY GENERAL - Daily - Technical analysis published on 12/04/2019 (GMT)

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Londinia
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
  • Timeframe : Daily
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 51.50 USD
My targets
46.35 USD (-5.79%)
42.31 USD (-14.00%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 51.50 USD remains possible. It is advisable to trade MERCURY GENERAL with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 51.50 USD. The next bearish objective for sellers is set at 46.35 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 42.31 USD. In case of crossing, the next objective would be the support located at 33.86 USD. PS: if there is a bullish break in the resistance located at 51.50 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
2

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

MERCURY GENERAL rating 49.20 USD. On the day, this instrument gained +1.17% and was traded between 48.64 USD and 49.38 USD over the period. The price is currently at +1.15% from its lowest and -0.36% from its highest.

48.64
49.38
49.20

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by MERCURY GENERAL:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in Daily of this MERCURY GENERAL chart shows a bearish trend. 75% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near support of triangle

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 42.31 46.35 48.89 49.20 51.50 53.13 55.93
Change (%) -14.00% -5.79% -0.63% - +4.67% +7.99% +13.68%
Change -6.89 -2.85 -0.31 - +2.30 +3.93 +6.73
Level Major Major Major - Intermediate Major Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard47.4747.7348.1848.4448.8949.1549.60
Camarilla48.4448.5048.5748.6348.7048.7648.83
Woodie47.5747.7848.2848.4948.9949.2049.70
Fibonacci47.7348.0048.1748.4448.7148.8849.15


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard46.6647.4448.1948.9749.7250.5051.25
Camarilla48.5348.6748.8148.9549.0949.2349.37
Woodie46.6647.4348.1948.9649.7250.4951.25
Fibonacci47.4448.0248.3848.9749.5549.9150.50


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard44.9646.0747.5148.6350.0751.1852.62
Camarilla48.2548.4848.7248.9549.1849.4249.65
Woodie45.1246.1547.6748.7150.2351.2652.78
Fibonacci46.0747.0547.6548.6349.6050.2051.18

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 44.25
MACD (12,26,9): -0.5700
Directional Movement: -9.12
AROON (14): -21.43
DEMA (21): 48.28
Parabolic SAR (0,02-0,02-0,2): 47.19
Elder Ray (13): -0.09
Super Trend (3,10): 50.76
Zig ZAG (10): 49.04
VORTEX (21): 1.0800
Stochastique (14,3,5): 53.63
TEMA (21): 48.69
Williams %R (14): -29.14
Chande Momentum Oscillator (20): -0.04
Repulse (5,40,3): 2.0700
ROCnROLL: -1
TRIX (15,9): -0.2300
Courbe Coppock: 0.28
MA7: 48.93
MA20: 48.92
MA50: 51.23
MA100: 53.36
MAexp7: 48.96
MAexp20: 49.16
MAexp50: 50.73
MAexp100: 52.36
Price / MA7: +0.55%
Price / MA20: +0.57%
Price / MA50: -3.96%
Price / MA100: -7.80%
Price / MAexp7: +0.49%
Price / MAexp20: +0.08%
Price / MAexp50: -3.02%
Price / MAexp100: -6.04%

News


The last news published on MERCURY GENERAL at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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