RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ACGL
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Arch Capital Group Ltd. stock price up 0.489% on Monday
(Updated on Jul 22, 2024)

Hold candidate since Jul 19, 2024 Gain 0.49% PDF

The Arch Capital Group Ltd. stock price gained 0.489% on the last trading day (Monday, 22nd Jul 2024), rising from $96.10 to $96.57. During the last trading day the stock fluctuated 1.49% from a day low at $95.80 to a day high of $97.23. The price has fallen in 6 of the last 10 days and is down by -1.72% for this period. Volume fell on the last day by -176 thousand shares and in total, 812 thousand shares were bought and sold for approximately $78.40 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $96.15 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.81% during the next 3 months and, with a 90% probability hold a price between $98.85 and $108.10 at the end of this 3-month period.

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ACGL Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, July 19, 2024, and so far it has risen 0.489%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $97.08 and $99.39. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Arch Capital Group Ltd. stock

Arch Capital Group Ltd. finds support from accumulated volume at $95.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.42 (1.49%) between high and low. For the last week, the stock has had daily average volatility of 1.74%.

Our recommended stop-loss: $91.02 (-5.74%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 38 days ago.)

Trading Expectations (ACGL) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Arch Capital Group Ltd. to open at $96.53, and during the day (based on 14 day Average True Range), to move between $94.83 and $98.31, which gives a possible trading interval of +/-$1.74 (+/-1.80%) up or down from last closing price. If Arch Capital Group Ltd. takes out the full calculated possible swing range there will be an estimated 3.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $95.80 (0.80%) than the resistance at $100.89 (4.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Earnings coming up

Arch Capital Group Ltd. will release earnings AMC on Tuesday, July 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.17. We will update the financials statements for Arch Capital Group Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.37% in the first trading day after earnings release.

Is Arch Capital Group Ltd. stock A Buy?

Arch Capital Group Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.720 Hold/Accumulate Unchanged

Predicted Opening Price for Arch Capital Group Ltd. of Tuesday, July 23, 2024

Fair opening price July 23, 2024 Current price
$96.53 ( 0.0394%) $96.57

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ACGL

Fibonacci Support & Resistance Levels

Level Price
R3 97.96 1.44%
R2 97.41 0.87%
R1 97.08 0.524%
Price 96.57
S1 95.99 -0.603%
S2 95.65 -0.95%
S3 95.11 -1.51%

Accumulated Volume Support & Resistance Levels

Level Price
R3 102.63 6.28%
R2 101.89 5.51%
R1 100.89 4.47%
Price 96.57
S1 95.80 -0.797%
S2 93.54 -3.14%
S3 91.25 -5.51%

FAQ

What is the symbol for Arch Capital Group Ltd. Stock and on which exchange is it traded?
The symbol for Arch Capital Group Ltd. is ACGL and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Arch Capital Group Ltd. Stock?
Arch Capital Group Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Arch Capital Group Ltd. Stock?
Arch Capital Group Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Arch Capital Group Ltd. Stock.

What's the current price of Arch Capital Group Ltd. Stock?
As of the end of day on the Jul 22, 2024, the price of an Arch Capital Group Ltd. (ACGL) share was $96.57.

What is the 52-week high and low for Arch Capital Group Ltd. Stock?
The 52-week high for Arch Capital Group Ltd. Stock is $103.79 and the 52-week low is $72.85.

What is the market capitalization of Arch Capital Group Ltd. Stock?
As of the Jul 22, 2024, the market capitalization of Arch Capital Group Ltd. is 36.085B.

When is the next earnings date for Arch Capital Group Ltd.?
The upcoming earnings date for Arch Capital Group Ltd. is Jul 30, 2024.
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About Arch Capital Group Ltd.

Arch Capital Group Ltd. Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; directors' and officers' liability, errors and omissions liability, employment practices and fiducia... ACGL Profile

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