MARKEL GROUP INC (MKL) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:MKL • US5705351048
Taking everything into account, MKL scores 4 out of 10 in our technical rating. MKL has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- MKL is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- 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.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, MKL outperforms 44% of them, which is more or less in line with the market.
- MKL is part of the Insurance industry. There are 147 other stocks in this industry, MKL did better than 60% of them.
MKL has only a medium 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 2034.02, a Stop Loss order could be placed below this zone.
More info and screens
1,840.67
When analyzing the support we can see 4 important areas.
- A support zone ranging from 2025.68 to 2034.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 1963.49 to 1977.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1910.42 from a horizontal line in the weekly time frame.
- 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 2064.49 to 2097.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2181.54 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 | NEUTRAL | NEUTRAL | The short term trend for MKL is neutral. |
| ChartMill Relative Strength | 44.35 | 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) | UP | MIXED | The current price of MKL is below 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) | 45.16 | NEUTRAL | The RSI value for MKL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.88 | NEGATIVE | The MACD value suggests MKL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.53 | NEUTRAL | The Stochastics value for MKL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for MKL suggests low volalility. |
| Average Directional Index/ADX (14) | 35.05 | POSITIVE | The high ADX value value for MKL suggests a strong trend. |
2054.08
+15.43 (+0.76%)
MARKEL GROUP INC / MKL FAQ
What is the ChartMill technical rating of MARKEL GROUP INC (MKL) stock?
ChartMill assigns a technical rating of 4 / 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 45.1646. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for MARKEL GROUP INC?
MARKEL GROUP INC (MKL) has a support level at 2034.02 and a resistance level at 2064.49. Check the full technical report for our detailed analysis of MKL support and resistance levels.