MARKEL GROUP INC (MKL) Stock Technical Analysis
NYSE:MKL - New York Stock Exchange, Inc. - US5705351048 - Common Stock - Currency: USD
Overall MKL gets a technical rating of 7 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MKL is showing a nice and steady performance.
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!
Looking at the yearly performance, MKL did better than 79% of all other stocks.
MKL is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
MKL is part of the Insurance industry. There are 143 other stocks in this industry, MKL did better than 64% of them.
MKL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MKL is lagging the market slightly.
Besides having an excellent technical rating, MKL also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 1842.89, a Stop Loss order could be placed below this zone.
More info and screens
1,656.80
1,952.77
4 important support areas can be observed.
- A support zone ranging from 1832.21 to 1842.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1779.68 from a trend line in the weekly time frame.
- A support zone ranging from 1720.99 to 1723.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1673.54 to 1678.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 1873.54 to 1899.17. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1933.44 from a horizontal line in the daily time frame.
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 | 79.4 | POSITIVE | MKL has a high relative strength, it outperformed 79.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MKL is below 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) | 49.83 | NEUTRAL | The RSI value for MKL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -4.67 | NEGATIVE | The MACD value suggests MKL has a negative trend. |
| Stochastics (14,3) | 24.68 | NEUTRAL | The Stochastics value for MKL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.93 | LOW VOLATILITY | The low ATR as a percentage value for MKL suggests low volalility. |
| Average Directional Index/ADX (14) | 14.58 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1,899.18 | 1,832.20 | 66.98 (3.53%) | 25.00% |
| An entry @1899.18. This is a Buy Stop order right above the resistance zone. | An exit @1832.20. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 66.98 points, which is 3.53%. | For a 0.88% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1860.45
+1.19 (+0.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.06%
1 Week-2.9%
2 Weeks-2.15%
1 Month3.18%
3 Month1.21%
6 Month6.31%
12 Month14.96%
2 Year41.51%
3 Year35.86%
5 Year107.31%
10 Year140.75%
15 Year438.4%
Volatility
ATR(14)31.97
ATR(20)%1.93%
ATR Inc-10.85%
Range Today36.61
ADR(20)34.78
ADR(20)%1.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.4
Mansfield0.75
10 Day High1939.97
10 Day Low1830.8
20 Day High1939.97
20 Day Low1766.03
52 Week High2063.68
52 Week Low1491.03
CS1 End1842.89
CR1 Start1873.54
Volume & EV
DER(3)-0.71%
DER(5)0.19%
Volume39.90K
Volume Incr-13.57%
Vol(5)45.64K
Vol(50)54.31K