Weaker technical forecast for Arch Capital Group Ltd. as stock downgraded to Sell Candidate.
(Updated on Nov 26, 2021)

The Arch Capital Group Ltd. stock price fell by -4.34% on the last day (Friday, 26th Nov 2021) from $43.79 to $41.89. During the day the stock fluctuated 2.13% from a day low at $41.78 to a day high of $42.67. The price has risen in 7 of the last 10 days and is up by 1.01% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -113 thousand shares and in total, 1 million shares were bought and sold for approximately $50.99 million.

The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.53% during the next 3 months and, with a 90% probability hold a price between $45.13 and $48.47 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Arch Capital Group Ltd. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $42.63 and $42.37. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, November 24, 2021, and so far it has fallen -4.34%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

Arch Capital Group Ltd. finds support from accumulated volume at $41.47 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.89 between high and low, or 2.13%. For the last week the stock has had a daily average volatility of 2.03%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Arch Capital Group Ltd. stock A Buy?

The Arch Capital Group Ltd. stock holds several negative signals and despite the positive trend, we believe Arch Capital Group Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -4.425

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