ARCH CAPITAL GROUP

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ACGL
ISIN:	BMG0450A1053

ARCH CAPITAL GROUP - Daily - Technical analysis published on 09/18/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

My opinion

Bullish above 77.31 USD

My targets

82.27 USD (+1.92%)

My analysis

The bullish trend is currently very strong on ARCH CAPITAL GROUP. As long as the price remains above the support at 77.31 USD, you could try to benefit from the boom. The first bullish objective is located at 82.27 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

Comment on the analysis

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 80.72 USD. The price registered an increase of +2.18% on the session with the lowest point at 79.07 USD and the highest point at 80.84 USD. The deviation from the price is +2.09% for the low point and -0.15% for the high point.

79.07

80.84

80.72

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

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

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this ARCH CAPITAL GROUP chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 16 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

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 : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	71.70	74.21	77.31	80.72	82.27
Change (%)	-11.17%	-8.06%	-4.22%	-	+1.92%
Change	-9.02	-6.51	-3.41	-	+1.55
Level	Minor	Intermediate	Major	-	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	77.84	78.22	78.61	78.99	79.38	79.76	80.15
Camarilla	78.79	78.86	78.93	79.00	79.07	79.14	79.21
Woodie	77.85	78.22	78.62	78.99	79.39	79.76	80.16
Fibonacci	78.22	78.51	78.70	78.99	79.28	79.47	79.76

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	74.86	76.19	77.60	78.93	80.34	81.67	83.08
Camarilla	78.25	78.50	78.75	79.00	79.25	79.50	79.75
Woodie	74.89	76.21	77.63	78.95	80.37	81.69	83.11
Fibonacci	76.19	77.24	77.89	78.93	79.98	80.63	81.67

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	68.97	71.23	74.05	76.31	79.13	81.39	84.21
Camarilla	75.46	75.93	76.39	76.86	77.33	77.79	78.26
Woodie	69.24	71.37	74.32	76.45	79.40	81.53	84.48
Fibonacci	71.23	73.17	74.37	76.31	78.25	79.45	81.39

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	65.79
MACD (12,26,9):	0.8000
Directional Movement:	18.11
AROON (14):	100.00
DEMA (21):	78.52
Parabolic SAR (0,02-0,02-0,2):	77.43
Elder Ray (13):	1.81
Super Trend (3,10):	75.74
Zig ZAG (10):	80.58
VORTEX (21):	1.1400
Stochastique (14,3,5):	85.69
TEMA (21):	79.14
Williams %R (14):	-3.03
Chande Momentum Oscillator (20):	3.54
Repulse (5,40,3):	2.4100
ROCnROLL:	1
TRIX (15,9):	0.0500
Courbe Coppock:	9.41

MA7:	78.85
MA20:	76.89
MA50:	77.56
MA100:	75.30
MAexp7:	78.94
MAexp20:	77.69
MAexp50:	76.69
MAexp100:	74.60
Price / MA7:	+2.37%
Price / MA20:	+4.98%
Price / MA50:	+4.07%
Price / MA100:	+7.20%
Price / MAexp7:	+2.25%
Price / MAexp20:	+3.90%
Price / MAexp50:	+5.25%
Price / MAexp100:	+8.20%

Quotes : - 15 min delayed data - NASDAQ Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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