Arch Capital Group Ltd. Stock Forecast
Evaluation of Arch Capital Group Ltd. stock downgraded after the last trading session.
(Updated on Jun 28, 2024)
The Arch Capital Group Ltd. stock price fell by -0.773% on the last day (Friday, 28th Jun 2024) from $19.40 to $19.25. During the last trading day the stock fluctuated 1.40% from a day low at $19.23 to a day high of $19.50. The price has been going up and down for this period, and there has been a -2.14% loss for the last 2 weeks. Volume has increased on the last day by 9 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 20 thousand shares were bought and sold for approximately $377.32 thousand.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.09% during the next 3 months and, with a 90% probability hold a price between $17.71 and $19.22 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ACGLN Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.417%. Further rise is indicated until a new top pivot has been found. 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 $19.32 and $19.49. 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). Arch Capital Group Ltd. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Arch Capital Group Ltd. stock
Arch Capital Group Ltd. finds support from accumulated volume at $19.24 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 $0.270 between high and low, or 1.40%. For the last week the stock has had daily average volatility of 1.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ACGLN) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Arch Capital Group Ltd. to open at $19.33, and during the day (based on 14 day Average True Range), to move between $19.00 and $19.50, which gives a possible trading interval of +/-$0.247 (+/-1.29%) 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 2.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.24 (0.05%) than the resistance at $19.30 (0.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Arch Capital Group Ltd. stock A Buy?
Arch Capital Group Ltd. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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 Hold/Accumulate to a Sell candidate.
Current score: -1.881 Sell Candidate Downgraded
Predicted Opening Price for Arch Capital Group Ltd. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$19.33 ( 0.398%) | $19.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACGLN
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 19.60 | 1.80% |
R2 | 19.49 | 1.26% |
R1 | 19.43 | 0.93% |
Price | 19.25 | |
S1 | 19.22 | -0.137% |
S2 | 19.16 | -0.468% |
S3 | 19.06 | -1.00% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 20.59 | 6.96% |
R2 | 19.63 | 1.97% |
R1 | 19.30 | 0.260% |
Price | 19.25 | |
S1 | 19.24 | -0.0519% |
S2 | 19.21 | -0.208% |
S3 | 19.17 | -0.416% |
ACGLN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 15, 2024 | Sep 15, 2024 | Sep 30, 2024 | $0.284 | 1.48% |
2 | Sep 13, 2024 | Sep 13, 2024 | Sep 30, 2024 | $0.284 | 1.48% |
3 | May 10, 2024 | Jun 14, 2024 | Jun 30, 2024 | $0.284 | 1.48% |
4 | Feb 23, 2024 | Mar 14, 2024 | Mar 31, 2024 | $0.284 | 1.37% |
5 | Nov 10, 2023 | Dec 14, 2023 | Dec 31, 2023 | $0.284 | 1.43% |
FAQ
Click here for our free guide on how to buy Arch Capital Group Ltd. Stock.