Arch Capital Group Ltd. Depositary Stock Forecast

ACGLO Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, November 29, 2023, and so far it has fallen -1.00%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Arch Capital Group Ltd. Depositary 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". The Arch Capital Group Ltd. Depositary 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 $22.66 and $21.74. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Tuesday, March 28, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

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

Arch Capital Group Ltd. Depositary finds support from accumulated volume at $22.62 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 $0.180 between high and low, or 0.796%. For the last week the stock has had daily average volatility of 0.97%.

Our recommended stop-loss: $22.00 (-3.14%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (ACGLO) For The Upcoming Trading Day Of Monday 11th

For the upcoming trading day on Monday, 11th 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 $22.70, and during the day (based on 14 day Average True Range), to move between $22.38 and $23.04, which gives a possible trading interval of +/-$0.328 (+/-1.44%) 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 2.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $22.72 (0.04%) than the support at $22.62 (0.40%), 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. Depositary Shares Each Representing 1/1000th Interest in a Share of5.45% Non-Cumulative Preferred Shares Series F 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. Depositary stock to perform well in the short-term.

Current score: 1.899 Open Broker Account

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