MARKEL GROUP INC (MKL) Stock Technical Analysis
NYSE:MKL - US5705351048 - Common Stock
1992.32 USD
+22.93 (+1.16%)
1992.32 USD
0 (0%)
Overall MKL gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MKL is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that MKL is one of the better performing stocks in the market, outperforming 76% of all stocks. On top of that, MKL also shows a nice and consistent pattern of rising prices.
MKL is part of the Insurance industry. There are 143 other stocks in this industry. MKL outperforms 84% of them.
MKL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MKL is lagging the market slightly.
In the last month MKL has a been trading in the 1893.12 - 2075.92 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although MKL has an excellent technical rating, the quality of the presented setup is not ideal 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
1,660.69
2,080.43
We found 4 important support areas.
- A support zone ranging from 1859.26 to 1974.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1827.85 from a trend line in the weekly time frame.
- Support @1723.02 from a horizontal line in the weekly time frame.
- Support @1677.46 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2026.37 to 2059.83. 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 | UP | POSITIVE | The long term trend for MKL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MKL is up. |
| ChartMill Relative Strength | 76.73 | POSITIVE | MKL has a high relative strength, it outperformed 76.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MKL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MKL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MKL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.09 | NEUTRAL | The RSI value for MKL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 5.5 | POSITIVE | The MACD value suggests MKL has a positive trend. |
| Stochastics (14,3) | 80.53 | OVERBOUGHT | The high Stochastics value suggests MKL may be overbought. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for MKL suggests low volalility. |
| Average Directional Index/ADX (14) | 16.28 | NEGATIVE | The low ADX value for MKL suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1992.32
+22.93 (+1.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg1.16%
1 Week3.34%
2 Weeks4.29%
1 Month-1.7%
3 Month7.09%
6 Month8.39%
12 Month26.51%
2 Year34.71%
3 Year66.85%
5 Year83.31%
10 Year141.86%
15 Year507.93%
Volatility
ATR(14)32.24
ATR(20)%1.89%
ATR Inc-27.31%
Range Today34.73
ADR(20)36.55
ADR(20)%1.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.73
Mansfield0.09
10 Day High2009.92
10 Day Low1898.62
20 Day High2075.92
20 Day Low1893.12
52 Week High2075.92
52 Week Low1494
CS1 End1974.66
CR1 Start2026.37
Volume & EV
DER(3)-0.13%
DER(5)-2.05%
Volume37.90K
Volume Incr-6.06%
Vol(5)42.24K
Vol(50)44.10K