August 02, 2024, 05:48 am ET, BY Momei - Contributor, Stock Traders Daily |
Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MKL
- Buy MKL slightly over 1566 target 1658.22 stop loss @ 1561.48 Details
The technical summary data tells us to buy MKL near 1566 with an upside target of 1658.22. This data also tells us to set a stop loss @ 1561.48 to protect against excessive loss in case the stock begins to move against the trade. 1566 is the first level of support below 1566.38 , and by rule, any test of support is a buy signal. In this case, support 1566 is being tested, a buy signal would exist.
- Short MKL slightly under 1658.22, target 1566, stop loss @ 1663.01 Details
The technical summary data is suggesting a short of MKL as it gets near 1658.22 with a downside target of 1566. We should have a stop loss in place at 1663.01though. 1658.22 is the first level of resistance above 1566.38, and by rule, any test of resistance is a short signal. In this case, if resistance 1658.22 is being tested, a short signal would exist.
Swing Trading Plans for MKL
- Buy MKL slightly over 1571.1, target 1642.22, Stop Loss @ 1566.56 Details
If 1571.1 begins to break higher, the technical summary data tells us to buy MKL just slightly over 1571.1, with an upside target of 1642.22. The data also tells us to set a stop loss @ 1566.56 in case the stock turns against the trade. 1571.1 is the first level of resistance above 1566.38, and by rule, any break above resistance is a buy signal. In this case, 1571.1, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short MKL slightly near 1571.1, target 1566, Stop Loss @ 1575.64. Details
The technical summary data is suggesting a short of MKL if it tests 1571.1 with a downside target of 1566. We should have a stop loss in place at 1575.64 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 1571.1, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for MKL
- Buy MKL slightly over 1568.63, target 1571.1, Stop Loss @ 1564.97 Details
If 1568.63 begins to break higher, the technical summary data tells us to buy MKL just slightly over 1568.63, with an upside target of 1571.1. The data also tells us to set a stop loss @ 1564.97 in case the stock turns against the trade. 1568.63 is the first level of resistance above 1566.38, and by rule, any break above resistance is a buy signal. In this case, 1568.63, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short MKL slightly near 1568.63, target 1566, Stop Loss @ 1572.29. Details
The technical summary data is suggesting a short of MKL if it tests 1568.63 with a downside target of 1566. We should have a stop loss in place at 1572.29 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 1568.63, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Markel Group Inc. (MKL) available here: MKL.
MKL Ratings for August 02:
Term → | Near |
Mid |
Long |
Rating |
Strong |
Neutral |
Neutral |
P1 |
0 |
0 |
1470.44 |
P2 |
1568.63 |
1571.1 |
1566 |
P3 |
1630.63 |
1642.22 |
1658.22 |
AI Generated Signals for MKL
Blue = Current Price
Red = Resistance
Green = Support
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Fundamental Charts for MKL: