ARCH CAPITAL GROUP LTD (ACGL)

BMG0450A1053 - Common Stock

99.21  +1.95 (+2%)

After market: 99.7201 +0.51 (+0.51%)

Technical Rating and Analysis

9

Overall ACGL gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

In the last month ACGL has a been trading in the 97.14 - 103.79 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that ACGL is one of the better performing stocks in the market, outperforming 88% of all stocks. We also observe that the gains produced by ACGL over the past year are nicely spread over this period.
ACGL is part of the Insurance industry. There are 139 other stocks in this industry. ACGL outperforms 87% of them.
ACGL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ACGL is lagging the market slightly.
ACGL has an average volume of 1682860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
ACGL Weekly chart
ACGL Daily chart
Setup Rating and Analysis

6

ACGL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 98.15, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

79.91

104.39

5 important support areas can be observed.

  • A support zone ranging from 96.70 to 98.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @93.74 from a trend line in the daily time frame.
  • A support zone ranging from 90.59 to 90.59. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • A support zone ranging from 86.21 to 86.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @80.72 from a trend line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 103.36 to 103.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.79
Mansfield0.19
10 Day High102.3
10 Day Low97.14
20 Day High103.79
20 Day Low97.14
52 Week High103.79
52 Week Low70.53
Performance
1 Week-1.36%
2 Weeks-2.45%
1 Month-1.76%
3 Month9.41%
6 Month34.36%
12 Month37.01%
2 Year118.09%
3 Year154.78%
5 Year167.56%
10 Year418.16%
15 Year408.08%
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)-0.61
RSI(14)49.89
LBB97.59
UBB102.9
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
99.6297.132.49 (2.50%)25.00%
An entry @99.62. This is a Buy Stop order right above the 10 day moving average.An exit @97.13. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 2.49 points, which is 2.50%.For a 0.63% 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.
ACGL Daily chart

ARCH CAPITAL GROUP LTD

NASDAQ:ACGL (6/17/2024, 7:26:59 PM)

After market: 99.7201 +0.51 (+0.51%)

99.21

+1.95 (+2%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg2%
1 Week-1.36%
2 Weeks-2.45%
1 Month-1.76%
3 Month9.41%
6 Month34.36%
12 Month37.01%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.92
ATR(20)%1.88%
ATR Inc
Range Today2.57
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 High102.3
10 Day Low97.14
20 Day High103.79
20 Day Low97.14
52 Week High103.79
52 Week Low70.53
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.18M
Volume Incr-28.16%
Vol(5)1.35M
Vol(50)1.68M