Arch Capital Group Ltd. Depositary Stock Forecast

Stronger technical forecast for Arch Capital Group Ltd. Depositary stock price after Thursday trading.
(Updated on Apr 18, 2024)

ACGLO Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 0.535%. 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. 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 $22.72 and $23.59. 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). 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.

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

Arch Capital Group Ltd. Depositary finds support from accumulated volume at $22.51 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 $0.350 between high and low, or 1.55%. For the last week the stock has had daily average volatility of 1.42%

Our recommended stop-loss: $21.15 (-6.30%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (ACGLO) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th 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 $22.67, and during the day (based on 14 day Average True Range), to move between $22.26 and $22.88, which gives a possible trading interval of +/-$0.309 (+/-1.37%) 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 2.74% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $22.51 (0.27%) than the resistance at $23.45 (3.90%), 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 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.766 Hold/Accumulate Upgraded

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 Friday, April 19, 2024

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