RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ACGL
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Arch Capital Group Ltd. stock upgraded from Buy Candidate to Strong Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 14, 2024 Gain 8.92% PDF

The Arch Capital Group Ltd. stock price gained 1.05% on the last trading day (Thursday, 28th Mar 2024), rising from $91.48 to $92.44. During the last trading day the stock fluctuated 1.52% from a day low at $91.18 to a day high of $92.57. The price has risen in 6 of the last 10 days and is up by 1.55% over the past 2 weeks. Volume fell on the last day by -493 thousand shares and in total, 2 million shares were bought and sold for approximately $216.03 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower part of a narrow and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $92.10 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 22.16% during the next 3 months and, with a 90% probability hold a price between $112.51 and $116.84 at the end of this 3-month period.

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ACGL Signals & Forecast

The Arch Capital Group Ltd. 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 $91.30 and $88.24. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 21, 2024, and so far it has risen 9.13%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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

Arch Capital Group Ltd. finds support from accumulated volume at $91.88 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.38 (1.52%) between high and low. For the last week, the stock has had daily average volatility of 1.27%.

Our recommended stop-loss: $88.83 (-3.90%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)

Trading Expectations (ACGL) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Arch Capital Group Ltd. to open at $92.06, and during the day (based on 14 day Average True Range), to move between $91.07 and $93.81, which gives a possible trading interval of +/-$1.37 (+/-1.49%) up or down from last closing price. If Arch Capital Group Ltd. takes out the full calculated possible swing range there will be an estimated 2.97% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $91.88, some $0.560 (0.61%) from the current price of $92.44, our system finds the risk reward attractive.

Is Arch Capital Group Ltd. stock A Buy?

Arch Capital Group Ltd. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 7.417 Strong Buy Candidate Upgraded

Predicted Opening Price for Arch Capital Group Ltd. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$92.06 ( 0.409%) $92.44

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

Trading levels for ACGL

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 93.45 1.09 %
R2 92.92 0.517 %
R1 92.59 0.163 %
Current price: 92.44
Support S1 91.53 -0.98 %
S2 91.21 -1.34 %
S3 90.68 -1.91 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 92.44
Support S1 91.88 -0.606%
S2 91.48 -1.04%
S3 87.59 -5.25%

FAQ

What is the symbol for Arch Capital Group Ltd. Stock and on which exchange is it traded?
The symbol for Arch Capital Group Ltd. is ACGL and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Arch Capital Group Ltd. Stock?
Arch Capital Group Ltd. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Arch Capital Group Ltd. Stock?
Arch Capital Group Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Arch Capital Group Ltd. Stock.

What's the current price of Arch Capital Group Ltd. Stock?
As of the end of day on the 2024-03-28, the price of an Arch Capital Group Ltd. (ACGL) share was $92.44.

What is the 52-week high and low for Arch Capital Group Ltd. Stock?
The 52-week high for Arch Capital Group Ltd. Stock is $92.57 and the 52-week low is $66.88.

What is the market capitalization of Arch Capital Group Ltd. Stock?
As of the 2024-03-28, the market capitalization of Arch Capital Group Ltd. is 34.227B.

When is the next earnings date for Arch Capital Group Ltd.?
The upcoming earnings date for Arch Capital Group Ltd. is Apr 24, 2024.
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About Arch Capital Group Ltd.

Arch Capital Group Ltd. Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; directors' and officers' liability, errors and omissions liability, employment practices and fiducia... ACGL Profile

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