Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

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 ended at $91.48 on Wednesday, after gaining 0.98%.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 14, 2024 Gain 7.79% PDF

The Arch Capital Group Ltd. stock price gained 0.98% on the last trading day (Wednesday, 27th Mar 2024), rising from $90.59 to $91.48. During the last trading day the stock fluctuated 0.87% from a day low at $90.95 to a day high of $91.74. The price has risen in 6 of the last 10 days and is up by 0.53% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $258.91 million.

The stock lies in the middle of a narrow and 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 23.03% during the next 3 months and, with a 90% probability hold a price between $111.81 and $115.24 at the end of this 3-month period.

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ACGL Signals & Forecast

The Arch Capital Group Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $91.19 and $88.01. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -0.81%. Further fall is indicated until a new bottom pivot has been found.

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

Arch Capital Group Ltd. finds support from accumulated volume at $87.59 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 $0.795 (0.87%) between high and low. For the last week, the stock has had daily average volatility of 1.28%.

Our recommended stop-loss: $88.00 (-3.80%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (ACGL) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Arch Capital Group Ltd. to open at $91.39, and during the day (based on 14 day Average True Range), to move between $90.11 and $92.85, which gives a possible trading interval of +/-$1.37 (+/-1.50%) 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 3.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $91.67 (0.21%) than the support at $87.59 (4.25%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Arch Capital Group Ltd. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Arch Capital Group Ltd. stock to perform well in the short-term.

Current score: 4.517 Buy Candidate Unchanged

Predicted Opening Price for Arch Capital Group Ltd. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$91.39 ( 0.100%) $91.48

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
Resistance R3 92.18 0.769 %
R2 91.88 0.437 %
R1 91.69 0.232 %
Current price: 91.48
Support S1 91.08 -0.432 %
S2 90.90 -0.637 %
S3 90.59 -0.97 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 92.23 0.82 %
R2 91.88 0.437 %
R1 91.67 0.208 %
Current price 91.48
Support S1 87.59 -4.25%
S2 87.40 -4.46%
S3 83.30 -8.94%

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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Arch Capital Group Ltd. stock to perform well in the short-term.

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 2024-03-27, the price of an Arch Capital Group Ltd. (ACGL) share was $91.48.

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 $92.57 and the 52-week low is $65.78.

What is the market capitalization of Arch Capital Group Ltd. Stock?
As of the 2024-03-27, the market capitalization of Arch Capital Group Ltd. is 33.894B.

When is the next earnings date for Arch Capital Group Ltd.?
The upcoming earnings date for Arch Capital Group Ltd. is Apr 24, 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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