ARCH CAPITAL GROUP
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)

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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

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:
15 min. Daily Weekly

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:

Central Records

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:

Central Indicators

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:

Central Patterns

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:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
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
Standard110.76111.46112.27112.97113.78114.48115.29
Camarilla112.68112.81112.95113.09113.23113.37113.51
Woodie110.83111.49112.34113.00113.85114.51115.36
Fibonacci111.46112.03112.39112.97113.54113.90114.48


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard105.25107.04110.07111.86114.89116.68119.71
Camarilla111.77112.21112.65113.09113.53113.97114.42
Woodie105.86107.35110.68112.17115.50116.99120.32
Fibonacci107.04108.89110.02111.86113.71114.84116.68


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard80.6587.36100.23106.94119.81126.52139.39
Camarilla107.71109.50111.30113.09114.89116.68118.48
Woodie83.7288.90103.30108.48122.88128.06142.46
Fibonacci87.3694.8499.46106.94114.42119.04126.52

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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