Weaker Buy Today ACGL ranks #182 as BUY CANDIDATE. Stronger Buy
Today ACGL ranks #182 as BUY CANDIDATE.

ACGL stock Arch Capital Group Ltd.

ACGL stock
Arch Capital Group Ltd.

April 24, 2019
Change 0.03%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will ACGL stock price go up or down on Thu, 25 Apr 2019?

Arch Capital Group Ltd. Forecast and Stock Analysis

Technical ACGL stock analysis for April 24, 2019.

Buy candidate since 2019-04-23 Gain 0.03%
Shorts n/a
Cash n/a
Loans n/a
Beta 0.69
ROA 2.27

Arch Capital Group Ltd. gained 0.03% in the last trading day, rising from $32.75 to $32.76 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days and is up by 2.02% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.33 million more shares were traded than the day before. In total, 1.36 million shares bought and sold for approximately $44.55 million.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the ACGL stock was $32.76. This is 0.03% more than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 1.65% from a day low at $32.63 to a day high of $33.17.

30 day high of the ACGL stock price was $33.25 and low was $31.68.
90 day high was $33.25 and low was $28.52.
52 week high for the Arch Capital Group Ltd. - $84.36 and low - $24.79.

Trend

Arch Capital Group Ltd. lies in the lower part of a weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $32.29 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.25% during the next 3 months and, with 90% probability hold a price between $35.27 and $37.88 at the end of this period.

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Signals

Only positive signals in the chart today. Arch Capital Group Ltd. holds buy signals from both short- and long-term moving averages. In addition, 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 $32.61 and $32.43. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday April 22, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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A buy signal from a double bottom formation was found on Monday April 22, 2019 and based on theory for this formation the price should go up by 1.22% to $33.33 within 8 trading days since signal was issued (Thursday May 02, 2019).

Relative Strength Index (RSI)

RSI14 is 54 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Arch Capital Group Ltd. finds support from accumulated volume at $32.36.

Support: $32.36 Price: $32.76 Resistance: $32.84

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.54 (1.65%) between high and low. For the last week, the stock has had a daily average volatility of 1.54%.

Our recommended stoploss: $31.00 (-5.37%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Weaker Buy Today ACGL ranks #182 as BUY CANDIDATE. Stronger Buy
Today ACGL ranks #182 as BUY CANDIDATE.