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 - 1H - Technical analysis published on 09/26/2023 (GMT)

Londinia

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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

83%

17%

My opinion

Bullish above 80.27 USD

My targets

82.40 USD (+0.46%)

83.84 USD (+2.22%)

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 80.27 USD. The buyers' bullish objective is set at 82.40 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 83.84 USD. If there is any crossing, the next objective would be the resistance located at 85.51 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, 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

8.8

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 rating is 82.02 USD. On the day, this instrument gained +1.07% with the lowest point at 80.93 USD and the highest point at 82.15 USD. The deviation from the price is +1.35% for the low point and -0.16% for the high point.

80.93

82.15

82.02

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 ARCH CAPITAL GROUP in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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 doji star

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	77.31	78.09	80.27	82.02	82.27
Change (%)	-5.74%	-4.79%	-2.13%	-	+0.30%
Change	-4.71	-3.93	-1.75	-	+0.25
Level	Major	Minor	Major	-	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	79.68	80.06	80.60	80.98	81.52	81.90	82.44
Camarilla	80.90	80.98	81.07	81.15	81.23	81.32	81.40
Woodie	79.77	80.10	80.69	81.02	81.61	81.94	82.53
Fibonacci	80.06	80.41	80.63	80.98	81.33	81.55	81.90

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	76.18	77.62	79.29	80.73	82.40	83.84	85.51
Camarilla	80.10	80.38	80.67	80.95	81.24	81.52	81.81
Woodie	76.29	77.68	79.40	80.79	82.51	83.90	85.62
Fibonacci	77.62	78.81	79.55	80.73	81.92	82.66	83.84

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	65.42
MACD (12,26,9):	0.2800
Directional Movement:	11.76
AROON (14):	64.29
DEMA (21):	81.62
Parabolic SAR (0,02-0,02-0,2):	80.68
Elder Ray (13):	0.66
Super Trend (3,10):	80.71
Zig ZAG (10):	82.01
VORTEX (21):	1.1300
Stochastique (14,3,5):	94.80
TEMA (21):	81.63
Williams %R (14):	-6.98
Chande Momentum Oscillator (20):	0.81
Repulse (5,40,3):	0.9400
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	1.21

MA7:	81.07
MA20:	78.78
MA50:	78.07
MA100:	75.69
MAexp7:	81.62
MAexp20:	81.29
MAexp50:	80.68
MAexp100:	79.72
Price / MA7:	+1.17%
Price / MA20:	+4.11%
Price / MA50:	+5.06%
Price / MA100:	+8.36%
Price / MAexp7:	+0.49%
Price / MAexp20:	+0.90%
Price / MAexp50:	+1.66%
Price / MAexp100:	+2.89%

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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