MARKEL GROUP INC (MKL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MKL - US5705351048 - Common Stock
We assign a technical rating of 10 out of 10 to MKL. Both in the recent history as in the last year, MKL has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although MKL has an excellent technical rating, it does not present a decent entry opportunity 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.
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1,724.77
4 important support areas can be observed.
- A support zone ranging from 1963.49 to 2086.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1924.72 from a trend line in the weekly time frame.
- A support zone ranging from 1857.55 to 1878.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1742.19 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2125.84 to 2125.84. 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 | 80.1 | POSITIVE | MKL has a high relative strength, it outperformed 80.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MKL is above the rising 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) | 70.25 | OVERBOUGHT | The high RSI value suggests MKL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests MKL has a positive trend. |
| Stochastics (14,3) | 78.84 | NEUTRAL | The Stochastics value for MKL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.6 | LOW VOLATILITY | The low ATR as a percentage value for MKL suggests low volalility. |
| Average Directional Index/ADX (14) | 17.04 | NEGATIVE | The low ADX value for MKL suggests a weak or negative trend. |
2125.83
+42.06 (+2.02%)
MARKEL GROUP INC / MKL FAQ
What is the ChartMill technical rating of MARKEL GROUP INC (MKL) stock?
ChartMill assigns a technical rating of 10 / 10 to MKL.
What is the current trend direction of MARKEL GROUP INC (MKL) stock?
The current trend direction for MARKEL GROUP INC (MKL) is Bullish.
Can you provide the RSI signal for MARKEL GROUP INC?
MARKEL GROUP INC (MKL) has an RSI value of 70.2515. This indicates that the stock is currently overbought.
What is the MACD signal for MKL stock?
The MACD indicator for MARKEL GROUP INC (MKL) has a value of 0.0464015, indicating a bearish trend.
What is the short term momentum for MARKEL GROUP INC (MKL) stock?
The short term momentum for MARKEL GROUP INC (MKL) is positive.