ARCH CAPITAL GROUP - 1H - Technical analysis published on 04/25/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 92.59 USD
My targets
93.72 USD (+0.67%)
94.90 USD (+1.93%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 92.59 USD remains possible. It is advisable to trade ARCH CAPITAL GROUP with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 92.59 USD. The next bullish objective for buyers is set at 93.72 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 94.90 USD. PS: if there is a bearish break in the support located at 92.59 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.5
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
ARCH CAPITAL GROUP rating 93.10 USD. On the day, this instrument lost -0.10% and was between 92.39 USD and 93.38 USD. This implies that the price is at +0.77% from its lowest and at -0.30% from its highest.92.39
93.38
93.10
A study of price movements over other periods shows the following variations:
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 ARCH CAPITAL GROUP in 1H shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 90.00 | 91.88 | 92.59 | 93.10 | 93.72 | 94.90 |
| Change (%) | -3.33% | -1.31% | -0.55% | - | +0.67% | +1.93% |
| Change | -3.10 | -1.22 | -0.51 | - | +0.62 | +1.80 |
| Level | Major | Minor | 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 | 91.75 | 92.23 | 92.71 | 93.19 | 93.67 | 94.15 | 94.63 |
| Camarilla | 92.93 | 93.01 | 93.10 | 93.19 | 93.28 | 93.37 | 93.45 |
| Woodie | 91.75 | 92.23 | 92.71 | 93.19 | 93.67 | 94.15 | 94.63 |
| Fibonacci | 92.23 | 92.60 | 92.82 | 93.19 | 93.56 | 93.78 | 94.15 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.45 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | -0.20 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 93.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 92.39 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 93.96 | |
| Zig ZAG (10): | 93.18 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 31.34 | |
| TEMA (21): | 93.04 | |
| Williams %R (14): | -54.35 | |
| Chande Momentum Oscillator (20): | -0.43 | |
| Repulse (5,40,3): | 0.4300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.85 |
| MA7: | 92.71 | |
| MA20: | 92.16 | |
| MA50: | 90.12 | |
| MA100: | 84.45 | |
| MAexp7: | 93.06 | |
| MAexp20: | 93.15 | |
| MAexp50: | 92.71 | |
| MAexp100: | 92.25 | |
| Price / MA7: | +0.42% | |
| Price / MA20: | +1.02% | |
| Price / MA50: | +3.31% | |
| Price / MA100: | +10.24% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | +0.42% | |
| Price / MAexp100: | +0.92% |
Quotes :
-
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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