Arch Capital Group Ltd. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Arch Capital Group Ltd. stock price ended at $91.39 on Thursday, after gaining 0.84%.
(Updated on Apr 18, 2024)
The Arch Capital Group Ltd. stock price gained 0.84% on the last trading day (Thursday, 18th Apr 2024), rising from $90.63 to $91.39. During the last trading day the stock fluctuated 1.13% from a day low at $90.89 to a day high of $91.92. The price has fallen in 6 of the last 10 days but is still up by 0.33% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 355 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $119.53 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $90.40 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 15.95% during the next 3 months and, with a 90% probability hold a price between $104.83 and $112.28 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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 $90.87 and $90.70. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -3.70%. 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).
Support, Risk & Stop-loss for Arch Capital Group Ltd. stock
Arch Capital Group Ltd. finds support from accumulated volume at $87.59 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 $1.03 between high and low, or 1.13%. For the last week the stock has had daily average volatility of 1.83%.
Our recommended stop-loss: $86.94 (-4.87%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (ACGL) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Arch Capital Group Ltd. to open at $91.40, and during the day (based on 14 day Average True Range), to move between $89.73 and $93.05, which gives a possible trading interval of +/-$1.66 (+/-1.82%) 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 3.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $91.48 (0.10%) than the support at $87.59 (4.16%), 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. 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. stock to perform well in the short-term.
Current score: 2.299 Buy Candidate Unchanged
Predicted Opening Price for Arch Capital Group Ltd. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $91.40 ( 0.0109%) | $91.39 |
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 | 92.43 | 1.14 % | |
| R2 | 92.04 | 0.707 % | ||
| R1 | 91.79 | 0.441 % | ||
| Current price: | 91.39 | |||
| Support | S1 | 91.01 | -0.420 % | |
| S2 | 90.76 | -0.686 % | ||
| S3 | 90.37 | -1.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 92.23 | 0.92 % | |
| R2 | 91.88 | 0.536 % | ||
| R1 | 91.48 | 0.0985 % | ||
| Current price | 91.39 | |||
| Support | S1 | 87.59 | -4.16% | |
| S2 | 87.40 | -4.37% | ||
| S3 | 83.30 | -8.85% |
FAQ
Click here for our free guide on how to buy Arch Capital Group Ltd. Stock.
