When the Price of (ACGL) Talks, People Listen

October 30, 2024, 15:22 pm ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ACGL

• Buy ACGL near 104.7 target 111.46 stop loss @ 104.4 Details

The technical summary data tells us to buy ACGL near 104.7 with an upside target of 111.46. This data also tells us to set a stop loss @ 104.4 to protect against excessive loss in case the stock begins to move against the trade. 104.7 is the first level of support below 105.52 , and by rule, any test of support is a buy signal. In this case, support 104.7 would be being tested, so a buy signal would exist.

• Short ACGL slightly under 111.46, target 104.7, stop loss @ 111.78 Details

The technical summary data is suggesting a short of ACGL as it gets near 111.46 with a downside target of 104.7. We should have a stop loss in place at 111.78though. 111.46 is the first level of resistance above 105.52, and by rule, any test of resistance is a short signal. In this case, if resistance 111.46 is being tested, so a short signal would exist.

Swing Trading Plans for ACGL

• Buy ACGL slightly over 106, target 111.46, Stop Loss @ 105.69 Details

If 106 begins to break higher, the technical summary data tells us to buy ACGL just slightly over 106, with an upside target of 111.46. The data also tells us to set a stop loss @ 105.69 in case the stock turns against the trade. 106 is the first level of resistance above 105.52, and by rule, any break above resistance is a buy signal. In this case, 106, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ACGL slightly near 106, target 104.7, Stop Loss @ 106.31. Details

The technical summary data is suggesting a short of ACGL if it tests 106 with a downside target of 104.7. We should have a stop loss in place at 106.31 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 106, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ACGL

• Buy ACGL slightly over 105.57, target 106, Stop Loss @ 105.32 Details

If 105.57 begins to break higher, the technical summary data tells us to buy ACGL just slightly over 105.57, with an upside target of 106. The data also tells us to set a stop loss @ 105.32 in case the stock turns against the trade. 105.57 is the first level of resistance above 105.52, and by rule, any break above resistance is a buy signal. In this case, 105.57, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ACGL slightly near 105.57, target 104.7, Stop Loss @ 105.82. Details

The technical summary data is suggesting a short of ACGL if it tests 105.57 with a downside target of 104.7. We should have a stop loss in place at 105.82 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 105.57, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Arch Capital Group Ltd. (ACGL) available here: ACGL.

ACGL Ratings for October 30:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	104.7
P2	104.45	104.17	111.46
P3	105.57	106	118.2

AI Generated Signals for ACGL

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Arch Capital Group Ltd. (NASDAQ: ACGL) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for ACGL can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.