ARCH CAPITAL GROUP - 1H - Technical analysis published on 09/03/2024 (GMT)
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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
67%
6%
28%
My opinion
Bullish above 107.04 USD
My targets
114.89 USD (+1.77%)
116.68 USD (+3.36%)
My analysis
The bullish trend is currently very strong on ARCH CAPITAL GROUP. As long as the price remains above the support at 107.04 USD, you could try to benefit from the boom. The first bullish objective is located at 114.89 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 116.68 USD as an objective. Crossing it would then enable buyers to target 119.71 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
0
10
8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ARCH CAPITAL GROUP rating 112.89 USD. The price registered a decrease of -0.18% on the session and was traded between 112.85 USD and 114.28 USD over the period. The price is currently at +0.04% from its lowest and -1.22% from its highest.112.85
114.28
112.89
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
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. 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 are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
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
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 98.67 | 100.57 | 103.36 | 112.89 | 113.30 |
| Change (%) | -12.60% | -10.91% | -8.44% | - | +0.36% |
| Change | -14.22 | -12.32 | -9.53 | - | +0.41 |
| Level | Intermediate | Intermediate | Major | - | Intermediate |
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 | 110.76 | 111.46 | 112.27 | 112.97 | 113.78 | 114.48 | 115.29 |
| Camarilla | 112.68 | 112.81 | 112.95 | 113.09 | 113.23 | 113.37 | 113.51 |
| Woodie | 110.83 | 111.49 | 112.34 | 113.00 | 113.85 | 114.51 | 115.36 |
| Fibonacci | 111.46 | 112.03 | 112.39 | 112.97 | 113.54 | 113.90 | 114.48 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 105.25 | 107.04 | 110.07 | 111.86 | 114.89 | 116.68 | 119.71 |
| Camarilla | 111.77 | 112.21 | 112.65 | 113.09 | 113.53 | 113.97 | 114.42 |
| Woodie | 105.86 | 107.35 | 110.68 | 112.17 | 115.50 | 116.99 | 120.32 |
| Fibonacci | 107.04 | 108.89 | 110.02 | 111.86 | 113.71 | 114.84 | 116.68 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 80.65 | 87.36 | 100.23 | 106.94 | 119.81 | 126.52 | 139.39 |
| Camarilla | 107.71 | 109.50 | 111.30 | 113.09 | 114.89 | 116.68 | 118.48 |
| Woodie | 83.72 | 88.90 | 103.30 | 108.48 | 122.88 | 128.06 | 142.46 |
| Fibonacci | 87.36 | 94.84 | 99.46 | 106.94 | 114.42 | 119.04 | 126.52 |
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): | 72.57 | |
| MACD (12,26,9): | 1.0000 | |
| Directional Movement: | 27.93 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 113.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 112.74 | |
| Elder Ray (13): | 1.02 | |
| Super Trend (3,10): | 111.66 | |
| Zig ZAG (10): | 113.48 | |
| VORTEX (21): | 1.2100 | |
| Stochastique (14,3,5): | 87.01 | |
| TEMA (21): | 113.44 | |
| Williams %R (14): | -19.18 | |
| Chande Momentum Oscillator (20): | 1.56 | |
| Repulse (5,40,3): | 0.1900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 3.48 |
| MA7: | 111.38 | |
| MA20: | 104.40 | |
| MA50: | 100.56 | |
| MA100: | 99.08 | |
| MAexp7: | 113.05 | |
| MAexp20: | 112.18 | |
| MAexp50: | 109.91 | |
| MAexp100: | 106.84 | |
| Price / MA7: | +1.36% | |
| Price / MA20: | +8.13% | |
| Price / MA50: | +12.26% | |
| Price / MA100: | +13.94% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | +0.63% | |
| Price / MAexp50: | +2.71% | |
| Price / MAexp100: | +5.66% |
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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