ARCH CAPITAL GROUP LTD (ACGL)
BMG0450A1053 - Common Stock
Taking everything into account, ACGL scores 9 out of 10 in our technical rating. In the last year, ACGL was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, ACGL did better than 81% of all other stocks. We also observe that the gains produced by ACGL over the past year are nicely spread over this period.
ACGL is one of the better performing stocks in the Insurance industry, it outperforms 77% of 141 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 89.23 - 95.01 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 1739850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 92.16, a Stop Loss order could be placed below this zone.
More info and screens
73.55
95.85
When analyzing the support we can see 5 important areas.
- A support zone ranging from 89.01 to 90.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @86.62 from a horizontal line in the daily time frame.
- A support zone ranging from 81.32 to 82.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @78.55 from a trend line in the weekly time frame.
- Support @74.29 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 91.71 to 92.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 94.90 to 94.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.29
Mansfield0.19
10 Day High94.6
10 Day Low89.6
20 Day High95.01
20 Day Low89.23
52 Week High95.01
52 Week Low69.05
Performance
1 Week-2.18%
2 Weeks1.02%
1 Month-1.67%
3 Month13.77%
6 Month11.73%
12 Month21.09%
2 Year99.04%
3 Year128.91%
5 Year169.09%
10 Year375.75%
15 Year371.96%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.13
RSI(14)47.62
LBB89.15
UBB94.42
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 |
|---|---|---|---|
| 92.04 | 89.59 | 2.45 (2.67%) | 25.00% |
| An entry @92.04. This is a Buy Stop order right above the 10 day moving average. | An exit @89.59. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.45 points, which is 2.67%. | For a 0.67% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
ARCH CAPITAL GROUP LTD
NASDAQ:ACGL (4/26/2024, 3:30:16 PM)
After market: 90.92 +0.02 (+0.02%)90.9
-2.15 (-2.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-2.31%
1 Week-2.18%
2 Weeks1.02%
1 Month-1.67%
3 Month13.77%
6 Month11.73%
12 Month21.09%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.74
ATR(20)%1.94%
ATR Inc
Range Today1.65
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High94.6
10 Day Low89.6
20 Day High95.01
20 Day Low89.23
52 Week High95.01
52 Week Low69.05
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.46M
Volume Incr-24.58%
Vol(5)1.33M
Vol(50)1.74M