ARCH CAPITAL GROUP - 1H - Technical analysis published on 04/23/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
17%
17%
My opinion
Bullish above 92.59 USD
My targets
94.90 USD (+1.18%)
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 92.59 USD. The buyers' bullish objective is set at 94.90 USD. A bullish break in this resistance would boost the bullish momentum. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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 rating is 93.79 USD. The price is lower by -0.06% since the last closing with the lowest point at 93.56 USD and the highest point at 94.37 USD. The deviation from the price is +0.25% for the low point and -0.61% for the high point.93.56
94.37
93.79
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ARCH CAPITAL GROUP indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 90.00 | 90.87 | 92.59 | 93.79 | 94.90 |
| Change (%) | -4.04% | -3.11% | -1.28% | - | +1.18% |
| Change | -3.79 | -2.92 | -1.20 | - | +1.11 |
| Level | Major | Minor | Minor | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 91.43 | 92.22 | 93.03 | 93.82 | 94.63 | 95.42 | 96.23 |
| Camarilla | 93.41 | 93.56 | 93.70 | 93.85 | 94.00 | 94.14 | 94.29 |
| Woodie | 91.45 | 92.23 | 93.05 | 93.83 | 94.65 | 95.43 | 96.25 |
| Fibonacci | 92.22 | 92.83 | 93.21 | 93.82 | 94.43 | 94.81 | 95.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 87.33 | 88.46 | 90.70 | 91.83 | 94.07 | 95.20 | 97.44 |
| Camarilla | 92.00 | 92.31 | 92.62 | 92.93 | 93.24 | 93.55 | 93.86 |
| Woodie | 87.88 | 88.74 | 91.25 | 92.11 | 94.62 | 95.48 | 97.99 |
| Fibonacci | 88.46 | 89.75 | 90.55 | 91.83 | 93.12 | 93.92 | 95.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 82.47 | 84.51 | 88.48 | 90.52 | 94.49 | 96.53 | 100.50 |
| Camarilla | 90.79 | 91.34 | 91.89 | 92.44 | 92.99 | 93.54 | 94.09 |
| Woodie | 83.43 | 84.99 | 89.44 | 91.00 | 95.45 | 97.01 | 101.46 |
| Fibonacci | 84.51 | 86.81 | 88.23 | 90.52 | 92.82 | 94.24 | 96.53 |
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): | 67.23 | |
| MACD (12,26,9): | 0.7500 | |
| Directional Movement: | 16.42 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 94.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 94.58 | |
| Elder Ray (13): | 0.33 | |
| Super Trend (3,10): | 92.93 | |
| Zig ZAG (10): | 93.87 | |
| VORTEX (21): | 1.2600 | |
| Stochastique (14,3,5): | 72.39 | |
| TEMA (21): | 94.50 | |
| Williams %R (14): | -31.14 | |
| Chande Momentum Oscillator (20): | 1.10 | |
| Repulse (5,40,3): | -0.1900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 4.23 |
| MA7: | 91.89 | |
| MA20: | 91.95 | |
| MA50: | 89.74 | |
| MA100: | 84.25 | |
| MAexp7: | 93.87 | |
| MAexp20: | 93.15 | |
| MAexp50: | 92.28 | |
| MAexp100: | 91.89 | |
| Price / MA7: | +2.07% | |
| Price / MA20: | +2.00% | |
| Price / MA50: | +4.51% | |
| Price / MA100: | +11.32% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | +0.69% | |
| Price / MAexp50: | +1.64% | |
| Price / MAexp100: | +2.07% |
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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