MARKEL GROUP INC (MKL) Stock Technical Analysis
NYSE:MKL • US5705351048
We assign a technical rating of 5 out of 10 to MKL. MKL has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- MKL is part of the Insurance industry. There are 149 other stocks in this industry. MKL outperforms 71% 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 1987.83 - 2181.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- When compared to the yearly performance of all other stocks, MKL outperforms 54% of them, which is more or less in line with the market.
MKL has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 2056.33, a Stop Loss order could be placed below this zone.
More info and screens
1,840.67
4 important support areas can be observed.
- A support zone ranging from 2034.02 to 2056.33. 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 1983.64. 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 1878.89. 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 2063.90 to 2101.09. 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 | UP | POSITIVE | The long term trend for MKL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MKL is neutral. |
| ChartMill Relative Strength | 54.89 | NEUTRAL | MKL is not amongst the best or worst performers 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 | 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) | 46.28 | NEUTRAL | The RSI value for MKL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 5.61 | POSITIVE | The MACD value suggests MKL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.14 | NEUTRAL | The Stochastics value for MKL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for MKL suggests some volalility. |
| Average Directional Index/ADX (14) | 26.3 | POSITIVE | The high ADX value value for MKL suggests a strong trend. |
2061.88
-19.65 (-0.94%)
MARKEL GROUP INC / MKL FAQ
What is the ChartMill technical rating of MARKEL GROUP INC (MKL) stock?
ChartMill assigns a technical rating of 5 / 10 to MKL.
What is the trend direction for 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 46.2763. 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 2056.33 and a resistance level at 2063.9. Check the full technical report for our detailed analysis of MKL support and resistance levels.