MARKEL GROUP INC (MKL) Technical Analysis
NYSE:MKL • US5705351048
Current stock price
MKL Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to MKL. 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.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When compared to the yearly performance of all other stocks, MKL outperforms 42% of them, which is more or less in line with the market.
- MKL is an average performer in the Insurance industry, it outperforms 64% of 148 stocks in the same industry.
- MKL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MKL is lagging the market.
- In the last month MKL has a been trading in the 1863.07 - 1982.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MKL Weekly and Daily overview Charts
MKL Setup Rating and Analysis
Although the technical rating is bad, MKL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1971.07. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1919.81, a Stop Loss order could be placed below this zone.
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MKL Support and Resistance Analysis
1,808.05
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1867.28 to 1919.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1826.31 to 1826.32. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 1971.07 to 1992.38. 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.
MKL Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for MKL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MKL is neutral. |
| ChartMill Relative Strength | 42.68 | NEUTRAL | MKL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MKL is above the rising 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) | DOWN | NEGATIVE | The current price of MKL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.77 | NEUTRAL | The RSI value for MKL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 11.54 | POSITIVE | The MACD value suggests MKL has a positive trend. |
| Stochastics (14,3) | 69.54 | NEUTRAL | The Stochastics value for MKL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for MKL suggests low volalility. |
| Average Directional Index/ADX (14) | 23.4 | NEUTRAL | The ADX value for MKL suggests a possible start of a new trend. |
MKL Chart- and CandleStick Pattern Analysis
MKL Technicals: Chart, Performance Metrics, Trend & Indicators
1949.37
+24.55 (+1.28%)
MARKEL GROUP INC / MKL TA FAQ
What is the ChartMill technical rating of MARKEL GROUP INC (MKL) stock?
ChartMill assigns a technical rating of 2 / 10 to MKL.
What is the trend direction for MKL stock?
The current trend direction for MARKEL GROUP INC (MKL) is Bearish.
What is the RSI signal for MKL stock?
MARKEL GROUP INC (MKL) has an RSI value of 51.7711. This indicates that the stock is currently neutral.
What is the short term momentum for MARKEL GROUP INC (MKL) stock?
The short term momentum for MARKEL GROUP INC (MKL) is neutral.