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 01/22/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

89%

11%

My opinion

Bullish above 77.44 USD

My targets

82.27 USD (+1.76%)

87.00 USD (+7.61%)

My analysis

ARCH CAPITAL GROUP is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 77.44 USD. The next resistance located at 82.27 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 87.00 USD. After this resistance, buyers could then target 90.00 USD.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

6.1

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 80.85 USD. The price registered a decrease of -0.04% on the session and was traded between 80.51 USD and 81.29 USD over the period. The price is currently at +0.42% from its lowest and -0.54% from its highest.

80.51

81.29

80.85

Here is a more detailed summary of the historical variations registered by ARCH CAPITAL GROUP:

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

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 bullish trend. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

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 : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	74.21	77.44	80.28	80.85	82.27	87.00	90.00
Change (%)	-8.21%	-4.22%	-0.71%	-	+1.76%	+7.61%	+11.32%
Change	-6.64	-3.41	-0.57	-	+1.42	+6.15	+9.15
Level	Intermediate	Major	Minor	-	Intermediate	Intermediate	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	78.19	78.93	79.90	80.64	81.61	82.35	83.32
Camarilla	80.41	80.57	80.72	80.88	81.04	81.19	81.35
Woodie	78.32	78.99	80.03	80.70	81.74	82.41	83.45
Fibonacci	78.93	79.58	79.98	80.64	81.29	81.69	82.35

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	74.64	76.09	78.48	79.93	82.32	83.77	86.16
Camarilla	79.82	80.18	80.53	80.88	81.23	81.58	81.94
Woodie	75.12	76.33	78.96	80.17	82.80	84.01	86.64
Fibonacci	76.09	77.55	78.46	79.93	81.39	82.30	83.77

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	58.22	65.54	69.90	77.22	81.58	88.90	93.26
Camarilla	71.06	72.13	73.20	74.27	75.34	76.41	77.48
Woodie	56.75	64.80	68.43	76.48	80.11	88.16	91.79
Fibonacci	65.54	70.00	72.76	77.22	81.68	84.44	88.90

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):	65.12
MACD (12,26,9):	0.3900
Directional Movement:	11.33
AROON (14):	92.86
DEMA (21):	77.96
Parabolic SAR (0,02-0,02-0,2):	77.21
Elder Ray (13):	2.62
Super Trend (3,10):	76.64
Zig ZAG (10):	80.95
VORTEX (21):	1.1600
Stochastique (14,3,5):	93.73
TEMA (21):	79.44
Williams %R (14):	-9.03
Chande Momentum Oscillator (20):	3.73
Repulse (5,40,3):	1.6900
ROCnROLL:	1
TRIX (15,9):	-0.1000
Courbe Coppock:	11.79

MA7:	78.96
MA20:	76.67
MA50:	79.68
MA100:	80.56
MAexp7:	79.18
MAexp20:	77.99
MAexp50:	78.82
MAexp100:	78.96
Price / MA7:	+2.39%
Price / MA20:	+5.45%
Price / MA50:	+1.47%
Price / MA100:	+0.36%
Price / MAexp7:	+2.11%
Price / MAexp20:	+3.67%
Price / MAexp50:	+2.58%
Price / MAexp100:	+2.39%

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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