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 09/16/2024 (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

94%

My opinion

Bullish above 110.26 USD

My targets

115.48 USD (+1.47%)

117.97 USD (+3.66%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ARCH CAPITAL GROUP as long as the price remains well above 110.26 USD. The buyers' bullish objective is set at 115.48 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 117.97 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

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 113.81 USD. The price registered an increase of +1.60% on the session and was traded between 112.95 USD and 114.24 USD over the period. The price is currently at +0.76% from its lowest and -0.38% from its highest.

112.95

114.24

113.81

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

Near a 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. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour

The probability of a further increase is high given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

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 Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	103.36	110.26	113.32	113.81
Change (%)	-9.18%	-3.12%	-0.43%	-
Change	-10.45	-3.55	-0.49	-
Level	Major	Intermediate	Major	-

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	109.06	109.72	110.87	111.53	112.68	113.34	114.49
Camarilla	111.52	111.69	111.85	112.02	112.19	112.35	112.52
Woodie	109.31	109.84	111.12	111.65	112.93	113.46	114.74
Fibonacci	109.72	110.41	110.84	111.53	112.22	112.65	113.34

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	105.31	107.04	109.53	111.26	113.75	115.48	117.97
Camarilla	110.86	111.25	111.63	112.02	112.41	112.79	113.18
Woodie	105.69	107.23	109.91	111.45	114.13	115.67	118.35
Fibonacci	107.04	108.65	109.65	111.26	112.87	113.87	115.48

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):	72.39
MACD (12,26,9):	0.5700
Directional Movement:	28.27
AROON (14):	71.43
DEMA (21):	112.01
Parabolic SAR (0,02-0,02-0,2):	110.69
Elder Ray (13):	1.92
Super Trend (3,10):	111.48
Zig ZAG (10):	113.92
VORTEX (21):	1.2200
Stochastique (14,3,5):	93.47
TEMA (21):	112.75
Williams %R (14):	-9.23
Chande Momentum Oscillator (20):	4.26
Repulse (5,40,3):	0.7200
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	5.08

MA7:	111.31
MA20:	110.06
MA50:	102.59
MA100:	100.88
MAexp7:	112.48
MAexp20:	111.50
MAexp50:	111.19
MAexp100:	110.13
Price / MA7:	+2.25%
Price / MA20:	+3.41%
Price / MA50:	+10.94%
Price / MA100:	+12.82%
Price / MAexp7:	+1.18%
Price / MAexp20:	+2.07%
Price / MAexp50:	+2.36%
Price / MAexp100:	+3.34%

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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Londinia AI

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