MARKEL GROUP INC (MKL) Stock Technical Analysis
NYSE:MKL - New York Stock Exchange, Inc. - US5705351048 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to MKL. In the last year, MKL was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month MKL has a been trading in the 1906.09 - 2075.92 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that MKL is one of the better performing stocks in the market, outperforming 74% of all stocks.
MKL is one of the better performing stocks in the Insurance industry, it outperforms 82% of 143 stocks in the same industry.
MKL is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MKL is performing more or less in line with the market.
MKL has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1,660.69
2,080.43
5 important support areas can be observed.
- Support @1926.62 from a horizontal line in the daily time frame.
- Support @1860.60 from a trend line in the weekly time frame.
- Support @1781.51 from a trend line in the daily time frame.
- A support zone ranging from 1715.09 to 1723.02. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 1677.46 to 1678.49. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2001.91 to 2059.83. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 74.01 | POSITIVE | MKL has a high relative strength, it outperformed 74.01% off all stocks 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) | 38.6 | NEUTRAL | The RSI value for MKL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -8.22 | NEGATIVE | The MACD value suggests MKL has a negative trend. |
| Stochastics (14,3) | 35.42 | NEUTRAL | The Stochastics value for MKL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for MKL suggests low volalility. |
| Average Directional Index/ADX (14) | 15.09 | 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)
1929.87
-78.42 (-3.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-3.9%
1 Week-4.78%
2 Weeks-5.02%
1 Month-3.6%
3 Month2.82%
6 Month5.53%
12 Month23.68%
2 Year30.49%
3 Year61.62%
5 Year77.57%
10 Year134.28%
15 Year488.88%
Volatility
ATR(14)38.76
ATR(20)%1.83%
ATR Inc184.22%
Range Today101.33
ADR(20)34.89
ADR(20)%1.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.01
Mansfield0.18
10 Day High2075.92
10 Day Low1906.09
20 Day High2075.92
20 Day Low1906.09
52 Week High2075.92
52 Week Low1491.03
CS1 End1926.62
CR1 Start2001.91
Volume & EV
DER(3)1.28%
DER(5)0.44%
Volume94.30K
Volume Incr48.55%
Vol(5)62.30K
Vol(50)50.03K