ARCH CAPITAL GROUP - Daily - Technical analysis published on 11/14/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 82.27 USD
My targets
90.00 USD (+5.26%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ARCH CAPITAL GROUP as long as the price remains well above 82.27 USD. The buyers' bullish objective is set at 90.00 USD. A bullish break in this resistance would boost the bullish momentum. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ARCH CAPITAL GROUP rating 85.50 USD. The price registered a decrease of -1.24% on the session with the lowest point at 85.11 USD and the highest point at 86.74 USD. The deviation from the price is +0.46% for the low point and -1.43% for the high point.85.11
86.74
85.50
Here is a more detailed summary of the historical variations registered by ARCH CAPITAL GROUP:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ARCH CAPITAL GROUP indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 71.65 | 77.29 | 82.27 | 85.50 | 86.62 | 90.00 |
| Change (%) | -16.20% | -9.60% | -3.78% | - | +1.31% | +5.26% |
| Change | -13.85 | -8.21 | -3.23 | - | +1.12 | +4.50 |
| Level | Intermediate | Intermediate | Major | - | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 84.89 | 85.38 | 85.98 | 86.47 | 87.07 | 87.56 | 88.16 |
| Camarilla | 86.27 | 86.37 | 86.47 | 86.57 | 86.67 | 86.77 | 86.87 |
| Woodie | 84.94 | 85.41 | 86.03 | 86.50 | 87.12 | 87.59 | 88.21 |
| Fibonacci | 85.38 | 85.80 | 86.06 | 86.47 | 86.89 | 87.15 | 87.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 81.71 | 82.64 | 84.29 | 85.22 | 86.87 | 87.80 | 89.45 |
| Camarilla | 85.24 | 85.48 | 85.71 | 85.95 | 86.19 | 86.42 | 86.66 |
| Woodie | 82.08 | 82.82 | 84.66 | 85.40 | 87.24 | 87.98 | 89.82 |
| Fibonacci | 82.64 | 83.62 | 84.23 | 85.22 | 86.20 | 86.81 | 87.80 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 69.74 | 73.46 | 80.07 | 83.79 | 90.40 | 94.12 | 100.73 |
| Camarilla | 83.84 | 84.79 | 85.73 | 86.68 | 87.63 | 88.57 | 89.52 |
| Woodie | 71.19 | 74.18 | 81.52 | 84.51 | 91.85 | 94.84 | 102.18 |
| Fibonacci | 73.46 | 77.41 | 79.84 | 83.79 | 87.74 | 90.17 | 94.12 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.79 | |
| MACD (12,26,9): | 1.0500 | |
| Directional Movement: | 10.94 | |
| AROON (14): | 21.42 | |
| DEMA (21): | 86.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 84.06 | |
| Elder Ray (13): | 0.89 | |
| Super Trend (3,10): | 81.94 | |
| Zig ZAG (10): | 85.51 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 51.66 | |
| TEMA (21): | 86.01 | |
| Williams %R (14): | -52.54 | |
| Chande Momentum Oscillator (20): | 4.29 | |
| Repulse (5,40,3): | -0.6400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1900 | |
| Courbe Coppock: | 5.47 |
| MA7: | 85.31 | |
| MA20: | 84.68 | |
| MA50: | 82.33 | |
| MA100: | 79.47 | |
| MAexp7: | 85.49 | |
| MAexp20: | 84.78 | |
| MAexp50: | 82.59 | |
| MAexp100: | 79.70 | |
| Price / MA7: | +0.22% | |
| Price / MA20: | +0.97% | |
| Price / MA50: | +3.85% | |
| Price / MA100: | +7.59% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.85% | |
| Price / MAexp50: | +3.52% | |
| Price / MAexp100: | +7.28% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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