ARCH CAPITAL GROUP - 1H - Technical analysis published on 11/03/2023 (GMT)
- 160
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
17%
39%
44%
My opinion
Neutral between 83.71 USD and 86.62 USD
My targets
-
My analysis
A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 86.62 USD. The first support is located at 83.71 USD. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bearish and could soon allow change to a bearish sentiment.
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 85.79 USD. On the day, this instrument lost -0.18% with the lowest point at 84.16 USD and the highest point at 86.93 USD. The deviation from the price is +1.94% for the low point and -1.31% for the high point.84.16
86.93
85.79
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 this 1H chart of ARCH CAPITAL GROUP indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the slightly bullish trend could return to neutral. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 82.27 | 83.71 | 85.53 | 85.79 | 86.62 | 90.65 |
| Change (%) | -4.10% | -2.42% | -0.30% | - | +0.97% | +5.66% |
| Change | -3.52 | -2.08 | -0.26 | - | +0.83 | +4.86 |
| Level | Major | Minor | Minor | - | Major | Minor |
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 | 78.74 | 81.92 | 83.93 | 87.11 | 89.12 | 92.30 | 94.31 |
| Camarilla | 84.51 | 84.99 | 85.46 | 85.94 | 86.42 | 86.89 | 87.37 |
| Woodie | 78.16 | 81.63 | 83.35 | 86.82 | 88.54 | 92.01 | 93.73 |
| Fibonacci | 81.92 | 83.90 | 85.13 | 87.11 | 89.09 | 90.32 | 92.30 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 75.22 | 78.11 | 79.74 | 82.63 | 84.26 | 87.15 | 88.78 |
| Camarilla | 80.12 | 80.53 | 80.95 | 81.36 | 81.77 | 82.19 | 82.60 |
| Woodie | 74.58 | 77.80 | 79.10 | 82.32 | 83.62 | 86.84 | 88.14 |
| Fibonacci | 78.11 | 79.84 | 80.91 | 82.63 | 84.36 | 85.43 | 87.15 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 69.74 | 73.46 | 80.07 | 83.79 | 90.40 | 94.12 | 100.73 |
| Camarilla | 83.84 | 84.79 | 85.73 | 86.68 | 87.63 | 88.57 | 89.52 |
| Woodie | 71.19 | 74.18 | 81.52 | 84.51 | 91.85 | 94.84 | 102.18 |
| Fibonacci | 73.46 | 77.41 | 79.84 | 83.79 | 87.74 | 90.17 | 94.12 |
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): | 45.55 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | -1.17 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 86.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 87.77 | |
| Elder Ray (13): | -1.09 | |
| Super Trend (3,10): | 88.27 | |
| Zig ZAG (10): | 85.39 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 9.94 | |
| TEMA (21): | 85.91 | |
| Williams %R (14): | -80.59 | |
| Chande Momentum Oscillator (20): | -4.09 | |
| Repulse (5,40,3): | -0.5700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 6.14 |
| MA7: | 84.97 | |
| MA20: | 84.09 | |
| MA50: | 80.99 | |
| MA100: | 78.47 | |
| MAexp7: | 85.69 | |
| MAexp20: | 86.24 | |
| MAexp50: | 85.44 | |
| MAexp100: | 84.58 | |
| Price / MA7: | +0.97% | |
| Price / MA20: | +2.02% | |
| Price / MA50: | +5.93% | |
| Price / MA100: | +9.33% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | -0.52% | |
| Price / MAexp50: | +0.41% | |
| Price / MAexp100: | +1.43% |
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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