Markel Technical Analysis (NYSE:MKL)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The MKL stock chart pattern can give those who understand technical analysis an indication of which way MKL stock is headed, but cannot predict with 100% certainty as to what can happen to the Markel stock price.
See Markel bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Markel stock analysis that does not care for the fair value of a company but uses price and volume data only.
Markel Moving Average
Moving averages show the MKL stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Markel are mostly signals of long term trends and will help long term traders.
Markel Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the MKL stock. Markel bollinger bands show that the stock price is $1182.13, upper band is 1151.56, lower band is 1095.76, and the average is 1123.66.
Markel Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Markel MACD indicator is below 0 indicating a bearish trend.
Markel Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of MKL stock is 63.55.