ARCH CAPITAL GROUP LTD (ACGL) Stock Technical Analysis
NASDAQ:ACGL • BMG0450A1053
Overall ACGL gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ACGL is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- ACGL is one of the better performing stocks in the Insurance industry, it outperforms 80% of 149 stocks in the same industry.
- ACGL is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ACGL is performing more or less in line with the market.
- In the last month ACGL has a been trading in the 94.84 - 103.39 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- ACGL has an average volume of 2106220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, ACGL turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
Besides having an excellent technical rating, ACGL also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 100.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 100.16, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
84.75
When analyzing the support we can see 6 important areas.
- A support zone ranging from 99.15 to 100.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 96.10 to 96.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 93.41 to 93.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 90.65 to 91.50. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @88.13 from a horizontal line in the weekly time frame.
- A support zone ranging from 85.61 to 86.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 100.95 to 101.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ACGL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ACGL is up. |
| ChartMill Relative Strength | 65.39 | NEUTRAL | ACGL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ACGL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ACGL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ACGL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.14 | NEUTRAL | The RSI value for ACGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ACGL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.06 | OVERBOUGHT | The high Stochastics value suggests ACGL may be overbought. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for ACGL suggests some volalility. |
| Average Directional Index/ADX (14) | 15 | NEGATIVE | The low ADX value for ACGL suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 101.99 | 99.14 | 2.85 (2.79%) | 25.00% |
| An entry @101.99. This is a Buy Stop order right above the resistance zone. | An exit @99.14. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.85 points, which is 2.79%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.70%. |
- The distance between exit and entry is rather small compared to the average daily movement of ACGL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
100.48
-0.58 (-0.57%)
ARCH CAPITAL GROUP LTD / ACGL FAQ
What is the technical rating for ACGL stock?
ChartMill assigns a technical rating of 8 / 10 to ACGL.
Can you provide the trend direction for ARCH CAPITAL GROUP LTD?
The current trend direction for ARCH CAPITAL GROUP LTD (ACGL) is Bullish.
What is the RSI signal for ARCH CAPITAL GROUP LTD (ACGL) stock?
ARCH CAPITAL GROUP LTD (ACGL) has an RSI value of 61.1433. This indicates that the stock is currently neutral.
What is the MACD signal for ACGL stock?
The MACD indicator for ARCH CAPITAL GROUP LTD (ACGL) has a value of 0.0541789, indicating a bearish trend.
What are the support and resistance levels for ARCH CAPITAL GROUP LTD (ACGL) stock?
ARCH CAPITAL GROUP LTD (ACGL) has a support level at 100.16 and a resistance level at 100.95. Check the full technical report for our detailed analysis of ACGL support and resistance levels.