Learn to Evaluate (MKL) using the Charts
March 24, 2024, 06:26 am ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MKL
- Buy MKL slightly over 1484.28 target 1563.79 stop loss @ 1479.99 Details
The technical summary data tells us to buy MKL near 1484.28 with an upside target of 1563.79. This data also tells us to set a stop loss @ 1479.99 to protect against excessive loss in case the stock begins to move against the trade. 1484.28 is the first level of support below 1518.63 , and by rule, any test of support is a buy signal. In this case, support 1484.28 is being tested, a buy signal would exist.
- Short MKL slightly under 1563.79, target 1484.28, stop loss @ 1568.31 Details
The technical summary data is suggesting a short of MKL as it gets near 1563.79 with a downside target of 1484.28. We should have a stop loss in place at 1568.31though. 1563.79 is the first level of resistance above 1518.63, and by rule, any test of resistance is a short signal. In this case, if resistance 1563.79 is being tested, a short signal would exist.
Swing Trading Plans for MKL
- Buy MKL slightly over 1530.31, target 1563.79, Stop Loss @ 1525.89 Details
If 1530.31 begins to break higher, the technical summary data tells us to buy MKL just slightly over 1530.31, with an upside target of 1563.79. The data also tells us to set a stop loss @ 1525.89 in case the stock turns against the trade. 1530.31 is the first level of resistance above 1518.63, and by rule, any break above resistance is a buy signal. In this case, 1530.31, 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 1530.31, target 1515.44, Stop Loss @ 1534.73. Details
The technical summary data is suggesting a short of MKL if it tests 1530.31 with a downside target of 1515.44. We should have a stop loss in place at 1534.73 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, 1530.31, 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 1528.09, target 1530.31, Stop Loss @ 1524.52 Details
If 1528.09 begins to break higher, the technical summary data tells us to buy MKL just slightly over 1528.09, with an upside target of 1530.31. The data also tells us to set a stop loss @ 1524.52 in case the stock turns against the trade. 1528.09 is the first level of resistance above 1518.63, and by rule, any break above resistance is a buy signal. In this case, 1528.09, 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 1528.09, target 1517.7, Stop Loss @ 1531.66. Details
The technical summary data is suggesting a short of MKL if it tests 1528.09 with a downside target of 1517.7. We should have a stop loss in place at 1531.66 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, 1528.09, 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 March 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
1400.25 |
| P2 |
1517.7 |
1515.44 |
1484.28 |
| P3 |
1528.09 |
1530.31 |
1563.79 |
AI Generated Signals for MKL
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Markel Group Inc. (NYSE: MKL) report below can help you understand how to do this. The trading plans for MKL, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MKL:
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