MARKEL GROUP INC (MKL) Technical Analysis
NYSE:MKL • US5705351048
We assign a technical rating of 0 out of 10 to MKL. MKL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, MKL is a bad performer in the overall market: 69% of all stocks are doing better.
- In the last month MKL has a been trading in the 1928.00 - 2125.14 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- MKL is part of the Insurance industry. There are 149 other stocks in this industry, MKL did better than 62% of them.
- MKL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MKL is lagging the market slightly.
The technical rating of MKL is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1,860.09
We found 2 important support areas.
- Support @1910.42 from a horizontal line in the weekly time frame.
- Support @1878.88 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1963.49 to 1979.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2040.40 to 2080.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2168.12 to 2191.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for MKL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MKL is down. |
| ChartMill Relative Strength | 31.77 | NEUTRAL | MKL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MKL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MKL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MKL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 28.41 | OVERSOLD | The low RSI value suggests MKL may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -10.67 | NEGATIVE | The MACD value suggests MKL has a negative trend. |
| Stochastics (14,3) | 15.53 | OVERSOLD | The low Stochastics value suggests MKL may be oversold. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for MKL suggests some volalility. |
| Average Directional Index/ADX (14) | 17.2 | NEGATIVE | The low ADX value for MKL suggests a weak or negative trend. |
MKL Technicals: Chart, Performance Metrics, Trend & Indicators
1961.7
-20.97 (-1.06%)
MARKEL GROUP INC / MKL FAQ
What is the ChartMill technical rating of MARKEL GROUP INC (MKL) stock?
ChartMill assigns a technical rating of 0 / 10 to MKL.
What is the trend direction for MKL stock?
The current trend direction for MARKEL GROUP INC (MKL) is Bearish.
Can you provide the RSI signal for MARKEL GROUP INC?
MARKEL GROUP INC (MKL) has an RSI value of 28.4064. This indicates that the stock is currently oversold.
Can you provide the support and resistance levels for MARKEL GROUP INC?
MARKEL GROUP INC (MKL) has a support level at 1910.42 and a resistance level at 1963.49. Check the full technical report for our detailed analysis of MKL support and resistance levels.