MARKEL GROUP INC (MKL) Stock Technical Analysis
USA - NYSE:MKL - US5705351048 - Common Stock
Taking everything into account, MKL scores 1 out of 10 in our technical rating. MKL has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
MKL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 1878.88, a Stop Loss order could be placed below this zone.
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1,701.21
2 important support areas can be observed.
- A support zone ranging from 1859.26 to 1878.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1718.39 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1890.35 to 1932.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1963.49 from a horizontal line in the daily time frame.
- A resistance zone ranging from 2002.03 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 | 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 | 58.69 | 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) | 41.41 | NEUTRAL | The RSI value for MKL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -4.14 | NEGATIVE | The MACD value suggests MKL has a negative trend. |
| Stochastics (14,3) | 14.72 | OVERSOLD | The low Stochastics value suggests MKL may be oversold. |
| Average True Range in percent/ATR (20) | 1.69 | LOW VOLATILITY | The low ATR as a percentage value for MKL suggests low volalility. |
| Average Directional Index/ADX (14) | 13.84 | NEGATIVE | The low ADX value for MKL suggests a weak or negative trend. |
1878.89
-17.29 (-0.91%)
MARKEL GROUP INC / MKL FAQ
What is the ChartMill technical rating of MARKEL GROUP INC (MKL) stock?
ChartMill assigns a technical rating of 1 / 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 Bearish.
Can you provide the RSI signal for MARKEL GROUP INC?
MARKEL GROUP INC (MKL) has an RSI value of 41.4109. This indicates that the stock is currently neutral.
What is the MACD signal for MKL stock?
The MACD indicator for MARKEL GROUP INC (MKL) has a value of -4.13688, 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 negative.