Arch Capital Group Ltd. Depositary Stock Forecast
Arch Capital Group Ltd. Depositary stock price ended at $22.59 on Wednesday, after gaining 0.758%.
(Updated on May 01, 2024)
The Arch Capital Group Ltd. Depositary stock price gained 0.758% on the last trading day (Wednesday, 1st May 2024), rising from $22.42 to $22.59. During the last trading day the stock fluctuated 1.92% from a day low at $22.23 to a day high of $22.66. The price has risen in 5 of the last 10 days but is still down by -0.79% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 18 thousand shares were bought and sold for approximately $399.73 thousand.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $22.40 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.86% during the next 3 months and, with a 90% probability hold a price between $21.31 and $22.61 at the end of this 3-month period.
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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 $22.59 and $23.18. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 0.758%. 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). Arch Capital Group Ltd. Depositary has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.426 between high and low, or 1.92%. For the last week the stock has had daily average volatility of 1.49%.
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 Thursday 2nd
For the upcoming trading day on Thursday, 2nd 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 $22.49, and during the day (based on 14 day Average True Range), to move between $22.26 and $22.92, which gives a possible trading interval of +/-$0.327 (+/-1.45%) 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 2.90% 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 (0.35%) than the resistance at $23.45 (3.81%), 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: -1.076 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 Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $22.49 ( 0.433%) | $22.59 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 22.92 | 1.45 % | |
| R2 | 22.76 | 0.733 % | ||
| R1 | 22.66 | 0.288 % | ||
| Current price: | 22.59 | |||
| Support | S1 | 22.33 | -1.15 % | |
| S2 | 22.23 | -1.60 % | ||
| S3 | 22.07 | -2.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.01 | 6.29 % | |
| R2 | 23.72 | 5.00 % | ||
| R1 | 23.45 | 3.81 % | ||
| Current price | 22.59 | |||
| Support | S1 | 22.51 | -0.354% | |
| S2 | 22.45 | -0.620% | ||
| S3 | 22.43 | -0.708% |
ACGLO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | Mar 14, 2024 | $0 | 0% |
| 2 | Nov 10, 2023 | Dec 14, 2023 | Dec 31, 2023 | $0.341 | 1.43% |
| 3 | May 05, 2023 | Sep 14, 2023 | Sep 30, 2023 | $0.341 | 1.65% |
| 4 | May 05, 2023 | Jun 14, 2023 | Sep 30, 2023 | $0.341 | 1.66% |
| 5 | Feb 24, 2023 | Mar 14, 2023 | Mar 31, 2023 | $0.341 | 1.48% |
FAQ
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