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 08/14/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 99.29 USD

My targets

103.36 USD (+2.52%)

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 99.29 USD. The next resistance located at 103.36 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.

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

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 rating is 100.82 USD. On the day, this instrument gained +3.16% with the lowest point at 97.99 USD and the highest point at 100.87 USD. The deviation from the price is +2.89% for the low point and -0.05% for the high point.

97.99

100.87

100.82

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

Bullish opening

Type : Bullish

Timeframe : Openning

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

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

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 strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

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 detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

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

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish harami

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	98.67	99.29	100.57	100.82	103.36
Change (%)	-2.13%	-1.52%	-0.25%	-	+2.52%
Change	-2.15	-1.53	-0.25	-	+2.54
Level	Intermediate	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	95.09	95.95	96.84	97.70	98.59	99.45	100.34
Camarilla	97.25	97.41	97.57	97.73	97.89	98.05	98.21
Woodie	95.11	95.96	96.86	97.71	98.61	99.46	100.36
Fibonacci	95.95	96.62	97.03	97.70	98.37	98.78	99.45

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	89.12	91.76	95.28	97.92	101.44	104.08	107.60
Camarilla	97.10	97.66	98.23	98.79	99.36	99.92	100.48
Woodie	89.55	91.98	95.71	98.14	101.87	104.30	108.03
Fibonacci	91.76	94.12	95.57	97.92	100.28	101.73	104.08

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	84.35	89.26	92.52	97.43	100.69	105.60	108.86
Camarilla	93.53	94.28	95.03	95.78	96.53	97.28	98.03
Woodie	83.53	88.85	91.70	97.02	99.87	105.19	108.04
Fibonacci	89.26	92.38	94.31	97.43	100.55	102.48	105.60

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):	70.30
MACD (12,26,9):	0.6700
Directional Movement:	26.51
AROON (14):	57.15
DEMA (21):	99.75
Parabolic SAR (0,02-0,02-0,2):	97.91
Elder Ray (13):	1.15
Super Trend (3,10):	98.84
Zig ZAG (10):	100.46
VORTEX (21):	1.1200
Stochastique (14,3,5):	98.07
TEMA (21):	100.18
Williams %R (14):	-4.40
Chande Momentum Oscillator (20):	3.02
Repulse (5,40,3):	0.7800
ROCnROLL:	1
TRIX (15,9):	0.0500
Courbe Coppock:	3.82

MA7:	98.12
MA20:	97.23
MA50:	98.56
MA100:	97.03
MAexp7:	99.95
MAexp20:	99.00
MAexp50:	98.25
MAexp100:	97.86
Price / MA7:	+2.75%
Price / MA20:	+3.69%
Price / MA50:	+2.29%
Price / MA100:	+3.91%
Price / MAexp7:	+0.87%
Price / MAexp20:	+1.84%
Price / MAexp50:	+2.62%
Price / MAexp100:	+3.02%

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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