ARCH CAPITAL GROUP - Daily - Technical analysis published on 05/15/2024 (GMT)
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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
56%
11%
33%
My opinion
Bullish above 93.85 USD
My targets
101.74 USD (+3.98%)
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 93.85 USD. The next resistance located at 101.74 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
0
10
7.5
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
The ARCH CAPITAL GROUP price is 97.84 USD. On the day, this instrument lost -0.06% and was traded between 97.32 USD and 98.39 USD over the period. The price is currently at +0.53% from its lowest and -0.56% from its highest.97.32
98.39
97.84
Here is a more detailed summary of the historical variations registered by ARCH CAPITAL GROUP:
![Central Records Central Records](/medias/screeners/logo/CentralRecords.png)
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 Daily 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
![Central Indicators Central Indicators](/medias/screeners/logo/CentralIndicators.png)
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
![Central Patterns Central Patterns](/medias/screeners/logo/CentralPatterns.png)
Near horizontal support
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
S3 | S2 | S1 | Price | |
---|---|---|---|---|
ProTrendLines | 81.40 | 90.00 | 93.85 | 97.84 |
Change (%) | -16.80% | -8.01% | -4.08% | - |
Change | -16.44 | -7.84 | -3.99 | - |
Level | Minor | 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 | 96.34 | 96.81 | 97.36 | 97.83 | 98.38 | 98.85 | 99.40 |
Camarilla | 97.62 | 97.71 | 97.81 | 97.90 | 97.99 | 98.09 | 98.18 |
Woodie | 96.37 | 96.83 | 97.39 | 97.85 | 98.41 | 98.87 | 99.43 |
Fibonacci | 96.81 | 97.20 | 97.44 | 97.83 | 98.22 | 98.46 | 98.85 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 90.15 | 92.46 | 96.25 | 98.56 | 102.35 | 104.66 | 108.45 |
Camarilla | 98.37 | 98.93 | 99.49 | 100.05 | 100.61 | 101.17 | 101.73 |
Woodie | 90.90 | 92.83 | 97.00 | 98.93 | 103.10 | 105.03 | 109.20 |
Fibonacci | 92.46 | 94.79 | 96.23 | 98.56 | 100.89 | 102.33 | 104.66 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 84.40 | 86.81 | 90.18 | 92.59 | 95.96 | 98.37 | 101.74 |
Camarilla | 91.95 | 92.48 | 93.01 | 93.54 | 94.07 | 94.60 | 95.13 |
Woodie | 84.87 | 87.05 | 90.65 | 92.83 | 96.43 | 98.61 | 102.21 |
Fibonacci | 86.81 | 89.02 | 90.39 | 92.59 | 94.80 | 96.17 | 98.37 |
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): | 61.02 | |
MACD (12,26,9): | 1.9200 | |
Directional Movement: | 10.43 | |
AROON (14): | 57.14 | |
DEMA (21): | 98.33 | |
Parabolic SAR (0,02-0,02-0,2): | 95.65 | |
Elder Ray (13): | 0.94 | |
Super Trend (3,10): | 94.91 | |
Zig ZAG (10): | 97.82 | |
VORTEX (21): | 1.1700 | |
Stochastique (14,3,5): | 71.09 | |
TEMA (21): | 98.96 | |
Williams %R (14): | -29.46 | |
Chande Momentum Oscillator (20): | 6.57 | |
Repulse (5,40,3): | -0.5000 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.2600 | |
Courbe Coppock: | 12.21 |
MA7: | 98.64 | |
MA20: | 95.34 | |
MA50: | 92.82 | |
MA100: | 87.00 | |
MAexp7: | 97.90 | |
MAexp20: | 95.90 | |
MAexp50: | 92.73 | |
MAexp100: | 89.11 | |
Price / MA7: | -0.81% | |
Price / MA20: | +2.62% | |
Price / MA50: | +5.41% | |
Price / MA100: | +12.46% | |
Price / MAexp7: | -0.06% | |
Price / MAexp20: | +2.02% | |
Price / MAexp50: | +5.51% | |
Price / MAexp100: | +9.80% |
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.
About author
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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