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 09/03/2024 (GMT)

Londinia

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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%

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

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

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:

The Central Records scanner for higher/lower results shows the following items:

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

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

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 : - 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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