ARCH CAPITAL GROUP - 1H - Technical analysis published on 01/17/2024 (GMT)
- 111
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 78.18 USD
My targets
79.46 USD (+0.85%)
80.78 USD (+2.53%)
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 78.18 USD. The buyers' bullish objective is set at 79.46 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 80.78 USD. If there is any crossing, the next objective would be the resistance located at 82.27 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ARCH CAPITAL GROUP price is 78.79 USD. The price has increased by +0.79% since the last closing and was between 77.94 USD and 79.29 USD. This implies that the price is at +1.09% from its lowest and at -0.63% from its highest.77.94
79.29
78.79
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ARCH CAPITAL GROUP in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 74.21 | 77.44 | 78.18 | 78.79 | 79.46 | 80.78 | 82.27 |
| Change (%) | -5.81% | -1.71% | -0.77% | - | +0.85% | +2.53% | +4.42% |
| Change | -4.58 | -1.35 | -0.61 | - | +0.67 | +1.99 | +3.48 |
| Level | Major | Major | Major | - | Minor | Major | Intermediate |
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 | 76.52 | 77.04 | 77.60 | 78.12 | 78.68 | 79.20 | 79.76 |
| Camarilla | 77.87 | 77.97 | 78.07 | 78.17 | 78.27 | 78.37 | 78.47 |
| Woodie | 76.55 | 77.05 | 77.63 | 78.13 | 78.71 | 79.21 | 79.79 |
| Fibonacci | 77.04 | 77.45 | 77.70 | 78.12 | 78.53 | 78.78 | 79.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 72.42 | 73.64 | 75.66 | 76.88 | 78.90 | 80.12 | 82.14 |
| Camarilla | 76.80 | 77.10 | 77.39 | 77.69 | 77.99 | 78.28 | 78.58 |
| Woodie | 72.83 | 73.84 | 76.07 | 77.08 | 79.31 | 80.32 | 82.55 |
| Fibonacci | 73.64 | 74.87 | 75.64 | 76.88 | 78.11 | 78.88 | 80.12 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 58.22 | 65.54 | 69.90 | 77.22 | 81.58 | 88.90 | 93.26 |
| Camarilla | 71.06 | 72.13 | 73.20 | 74.27 | 75.34 | 76.41 | 77.48 |
| Woodie | 56.75 | 64.80 | 68.43 | 76.48 | 80.11 | 88.16 | 91.79 |
| Fibonacci | 65.54 | 70.00 | 72.76 | 77.22 | 81.68 | 84.44 | 88.90 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 64.13 | |
| MACD (12,26,9): | 0.4700 | |
| Directional Movement: | 27.14 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 78.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 77.99 | |
| Elder Ray (13): | 0.34 | |
| Super Trend (3,10): | 77.50 | |
| Zig ZAG (10): | 78.81 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 71.33 | |
| TEMA (21): | 78.90 | |
| Williams %R (14): | -25.75 | |
| Chande Momentum Oscillator (20): | 1.12 | |
| Repulse (5,40,3): | 0.4600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 2.66 |
| MA7: | 77.50 | |
| MA20: | 75.79 | |
| MA50: | 79.99 | |
| MA100: | 80.39 | |
| MAexp7: | 78.62 | |
| MAexp20: | 78.14 | |
| MAexp50: | 77.40 | |
| MAexp100: | 76.95 | |
| Price / MA7: | +1.66% | |
| Price / MA20: | +3.96% | |
| Price / MA50: | -1.50% | |
| Price / MA100: | -1.99% | |
| Price / MAexp7: | +0.22% | |
| Price / MAexp20: | +0.83% | |
| Price / MAexp50: | +1.80% | |
| Price / MAexp100: | +2.39% |
Quotes :
-
15 min delayed data
-
NASDAQ Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis ARCH CAPITAL GROUP - 1H