Arch Capital Group Ltd. Depositary Stock Forecast
Red day on Tuesday for Arch Capital Group Ltd. Depositary stock after losing 0.225%
(Updated on Jul 02, 2024)
The Arch Capital Group Ltd. Depositary stock price fell by -0.225% on the last day (Tuesday, 2nd Jul 2024) from $22.20 to $22.15. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.53% from a day low at $22.15 to a day high of $22.49. The price has risen in 7 of the last 10 days and is up by 0.59% 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 -13 thousand shares and in total, 13 thousand shares were bought and sold for approximately $298.72 thousand.
The stock lies in the middle of a narrow and 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 -3.62% during the next 3 months and, with a 90% probability hold a price between $21.09 and $21.87 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.
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ACGLO Signals & Forecast
There are mixed signals in the stock today. The Arch Capital Group Ltd. Depositary 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 $22.34 and $22.47. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.590%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Arch Capital Group Ltd. Depositary stock
Arch Capital Group Ltd. Depositary finds support from accumulated volume at $22.10 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.340 between high and low, or 1.53%. For the last week the stock has had daily average volatility of 1.26%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ACGLO) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Arch Capital Group Ltd. Depositary Shares Each Representing 1/1000th Interest in a Share of5.45% Non-Cumulative Preferred Shares Series F to open at $22.26, and during the day (based on 14 day Average True Range), to move between $21.89 and $22.41, which gives a possible trading interval of +/-$0.255 (+/-1.15%) up or down from last closing price. If Arch Capital Group Ltd. Depositary Shares Each Representing 1/1000th Interest in a Share of5.45% Non-Cumulative Preferred Shares Series F takes out the full calculated possible swing range there will be an estimated 2.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.10 (0.23%) than the resistance at $22.43 (1.26%), 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. Depositary Shares Each Representing 1/1000th Interest in a Share of5.45% Non-Cumulative Preferred Shares Series F stock A Buy?
Arch Capital Group Ltd. Depositary holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.674 Sell Candidate Unchanged
Predicted Opening Price for Arch Capital Group Ltd. Depositary Shares Each Representing 1/1000th Interest in a Share of5.45% Non-Cumulative Preferred Shares Series F of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $22.26 ( 0.512%) | $22.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACGLO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.60 | 2.05% |
| R2 | 22.47 | 1.46% |
| R1 | 22.39 | 1.10% |
| Price | 22.15 | |
| S1 | 22.13 | -0.0747% |
| S2 | 22.05 | -0.437% |
| S3 | 21.92 | -1.02% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.70 | 2.48% |
| R2 | 22.45 | 1.35% |
| R1 | 22.43 | 1.26% |
| Price | 22.15 | |
| S1 | 22.10 | -0.226% |
| S2 | 22.07 | -0.361% |
| S3 | 22.07 | -0.382% |
ACGLO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 15, 2024 | Sep 15, 2024 | Sep 30, 2024 | $0.341 | 1.54% |
| 2 | Sep 13, 2024 | Sep 13, 2024 | Sep 30, 2024 | $0.341 | 1.54% |
| 3 | May 10, 2024 | Jun 14, 2024 | Jun 30, 2024 | $0.341 | 1.52% |
| 4 | Feb 23, 2024 | Mar 14, 2024 | Mar 31, 2024 | $0.341 | 1.44% |
| 5 | Nov 10, 2023 | Dec 14, 2023 | Dec 31, 2023 | $0.341 | 1.43% |
FAQ
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