RSI low/high Values: [ 25 - 75 ]
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AI Analysis of MKL
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Markel Corporation stock downgraded to Buy Candidate
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 02, 2024 Gain 7.72% PDF

The Markel Corporation stock price fell by -0.384% on the last day (Thursday, 28th Mar 2024) from $1,527.35 to $1,521.48. During the last trading day the stock fluctuated 1.44% from a day low at $1,512.83 to a day high of $1,534.62. The price has been going up and down for this period, and there has been a 1.02% gain for the last 2 weeks. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 40 thousand shares were bought and sold for approximately $60.21 million.

The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.81% during the next 3 months and, with a 90% probability hold a price between $1,558.35 and $1,674.64 at the end of this 3-month period.

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MKL Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -0.384%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Markel Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $1,515.17 and $1,485.29. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for Markel Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $1,418.46 and $1,412.41. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Markel Corporation finds support just below today's level at $1,418.46. If this is broken, then the next support from accumulated volume will be at $1,412.41 and $1,395.13.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $21.79 between high and low, or 1.44%. For the last week the stock has had daily average volatility of 1.72%.

Our recommended stop-loss: $1,476.35 (-2.97%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (MKL) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Markel Corporation to open at $1,522.98, and during the day (based on 14 day Average True Range), to move between $1,497.45 and $1,545.51, which gives a possible trading interval of +/-$24.03 (+/-1.58%) up or down from last closing price. If Markel Corporation takes out the full calculated possible swing range there will be an estimated 3.16% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1,522.63 (0.08%) than the support at $1,418.46 (6.77%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Markel Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Markel Corporation stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 1.913 Buy Candidate Downgraded

Predicted Opening Price for Markel Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$1,522.98 ( 0.0984%) $1,521.48

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MKL

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1,544.77 1.53 %
R2 1,536.44 0.98 %
R1 1,531.30 0.645 %
Current price: 1,521.48
Support S1 1,514.65 -0.449 %
S2 1,509.51 -0.787 %
S3 1,501.19 -1.33 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1,527.35 0.386 %
R2 1,523.04 0.103 %
R1 1,522.63 0.0756 %
Current price 1,521.48
Support S1 1,418.46 -6.77%
S2 1,412.41 -7.17%
S3 1,395.13 -8.30%

FAQ

What is the symbol for Markel Corporation Stock and on which exchange is it traded?
The symbol for Markel Corporation is MKL and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Markel Corporation Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Markel Corporation stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

How to buy Markel Corporation Stock?
Markel Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Markel Corporation Stock.

What's the current price of Markel Corporation Stock?
As of the end of day on the 2024-03-28, the price of an Markel Corporation (MKL) share was $1,521.48.

What is the 52-week high and low for Markel Corporation Stock?
The 52-week high for Markel Corporation Stock is $1,560.00 and the 52-week low is $1,242.01.

What is the market capitalization of Markel Corporation Stock?
As of the 2024-03-28, the market capitalization of Markel Corporation is 19.947B.

When is the next earnings date for Markel Corporation?
The upcoming earnings date for Markel Corporation is Apr 24, 2024.
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About Markel Corporation

Markel Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, Bermuda, the United Kingdom, rest of Europe, Canada, the Asia Pacific, and the Middle East. Its Insurance segment offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and ... MKL Profile

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