ARCH CAPITAL GROUP - 1H - Technical analysis published on 02/09/2024 (GMT)
- 99
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
28%
50%
22%
My opinion
Neutral between 82.27 USD and 84.72 USD
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 82.27 USD. The first resistance is located at 84.72 USD. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by ARCH CAPITAL GROUP.
In the very short term, technical indicators are neutral and are not able to influence the opinion of this analysis.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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Additional analysis
Quotes
ARCH CAPITAL GROUP rating 82.73 USD. On the day, this instrument lost -0.04% and was between 81.59 USD and 82.76 USD. This implies that the price is at +1.40% from its lowest and at -0.04% from its highest.81.59
82.76
82.73
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ARCH CAPITAL GROUP chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that the overall trend could be reversed. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 5 are bullish, 4 are neutral and 9 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 78.66 | 80.99 | 82.27 | 82.73 | 84.72 | 86.60 | 90.00 |
| Change (%) | -4.92% | -2.10% | -0.56% | - | +2.41% | +4.68% | +8.79% |
| Change | -4.07 | -1.74 | -0.46 | - | +1.99 | +3.87 | +7.27 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 77.80 | 79.39 | 81.07 | 82.66 | 84.34 | 85.93 | 87.61 |
| Camarilla | 81.86 | 82.16 | 82.46 | 82.76 | 83.06 | 83.36 | 83.66 |
| Woodie | 77.86 | 79.41 | 81.13 | 82.68 | 84.40 | 85.95 | 87.67 |
| Fibonacci | 79.39 | 80.64 | 81.41 | 82.66 | 83.91 | 84.68 | 85.93 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 75.68 | 77.34 | 80.32 | 81.98 | 84.96 | 86.62 | 89.60 |
| Camarilla | 82.02 | 82.45 | 82.88 | 83.30 | 83.73 | 84.15 | 84.58 |
| Woodie | 76.34 | 77.67 | 80.98 | 82.31 | 85.62 | 86.95 | 90.26 |
| Fibonacci | 77.34 | 79.11 | 80.21 | 81.98 | 83.75 | 84.85 | 86.62 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 68.38 | 71.33 | 76.88 | 79.83 | 85.38 | 88.33 | 93.88 |
| Camarilla | 80.09 | 80.87 | 81.65 | 82.43 | 83.21 | 83.99 | 84.77 |
| Woodie | 69.68 | 71.98 | 78.18 | 80.48 | 86.68 | 88.98 | 95.18 |
| Fibonacci | 71.33 | 74.58 | 76.58 | 79.83 | 83.08 | 85.08 | 88.33 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.56 | |
| MACD (12,26,9): | -0.2000 | |
| Directional Movement: | -20.54 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 82.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 83.32 | |
| Elder Ray (13): | -0.34 | |
| Super Trend (3,10): | 83.99 | |
| Zig ZAG (10): | 82.53 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 40.13 | |
| TEMA (21): | 82.31 | |
| Williams %R (14): | -58.93 | |
| Chande Momentum Oscillator (20): | -1.98 | |
| Repulse (5,40,3): | 0.6600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 3.45 |
| MA7: | 83.17 | |
| MA20: | 80.98 | |
| MA50: | 78.74 | |
| MA100: | 81.11 | |
| MAexp7: | 82.62 | |
| MAexp20: | 82.93 | |
| MAexp50: | 82.65 | |
| MAexp100: | 81.60 | |
| Price / MA7: | -0.53% | |
| Price / MA20: | +2.16% | |
| Price / MA50: | +5.07% | |
| Price / MA100: | +2.00% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | -0.24% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +1.38% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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