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Stock Charts AI Power Rank: 9.2
Power Rank trend -> Rising
Industry: Insurance - Property & Casualty
Follow @stockchartsai on TwitterIn the past 20 trading days, MCY has been trading in a range between $58.06 and $52.25 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
MCY is trading below resistance at $59.25, about 2% to the upside. There is support at $53.86 -7% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Mercury General Corporation $MCY entered a Green zone 12 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $33, a potential down side of -43.24% from the recent price of 58.14. The stock is trading 2.39% (potential upside) below its 52 week high of $59.53 and 117.67 % (potential downside) above its 52 week low of $26.71 - based on the recent price.
Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States The company also writes homeowners, commercial automobile, commercial property, mechanical protection, and umbrella insurance products. Its automobile insurance products include collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeowners insurance products comprise dwelling, liability, personal property, and other coverages.
Mercury Insurance and UCLA Anderson Forecast Partner to Lead Research on the Impact of Climate Change and the Economy Dr. Zhiyun Li will serve as the Mercury Insurance Climate Economist at UCLA Anderson Forecast, providing insight into the economic impact of climate change in California and its implications on the insurance business LOS ANGELES , July 16, 2024 /PRNewswire/ -- Mercury Insurance (NYSE: MCY), a leading provider of property and casualty insurance, has announced a strategic partnership with the UCLA Anderson Forecast to spearhead research into the growing impact and implications of climate change on the California economy. The results of the effort will help create a roadmap for California — and California-based businesses like Mercury — to support Californians living with increased risk from the impacts of extreme climate events. Source: PRNewsWire Tue, 16 Jul 2024 12:00:00 -0400 Sentiment: Neutral |
Mercury Insurance Names the Most Affordable New Sedans to Insure Two Hyundai products top this year's list LOS ANGELES , July 12, 2024 /PRNewswire/ -- Specific sedan models are once again some of the most affordable vehicles to purchase and own, according to Mercury Insurance (NYSE: MCY), a leading auto insurer in California. Announced today, Mercury has compiled a list of the most affordable new sedans to insure. Source: PRNewsWire Fri, 12 Jul 2024 11:52:00 -0400 Sentiment: Neutral |
MERCURY GENERAL CORPORATION TO REPORT SECOND QUARTER RESULTS ON JULY 30, 2024 LOS ANGELES , July 9, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, July 30, 2024, the Company will issue an earnings press release reporting its results for the second quarter of 2024, and will also file its quarterly report on Form 10-Q with the Securities and Exchange Commission. The earnings press release should be read in conjunction with the Company's quarterly report on Form 10-Q. Source: PRNewsWire Tue, 09 Jul 2024 13:16:00 -0400 Sentiment: Neutral |
Mercury Insurance is Ready to Assist Texas Policyholders Impacted by Hurricane Beryl Policyholders can report claims anytime at (800) 503-3724 or via Mercury's automated digital experience LOS ANGELES , July 8, 2024 /PRNewswire/ -- Mercury Insurance is ready to assist policyholders who have been impacted by Hurricane Beryl in Houston, Texas. Customers can report damages and losses anytime through Mercury's claims hotline at (800) 503-3724 or digitally by visiting https://www.mercuryinsurance.com/claims/residence-claim.html. Source: PRNewsWire Mon, 08 Jul 2024 18:32:00 -0400 Sentiment: Neutral |
New Strong Buy Stocks for June 26th EGO, YOU, MCY, SGC and KNBWY have been added to the Zacks Rank #1 (Strong Buy) List on June 26, 2024. Source: Zacks Investment Research Wed, 26 Jun 2024 06:50:14 -0400 Sentiment: Positive |
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