When the Price of (ACGL) Talks, People Listen
July 09, 2024, 12:12 pm ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ACGL
- Buy ACGL slightly over 98.05 target 104.72 stop loss @ 97.77 Details
The technical summary data tells us to buy ACGL near 98.05 with an upside target of 104.72. This data also tells us to set a stop loss @ 97.77 to protect against excessive loss in case the stock begins to move against the trade. 98.05 is the first level of support below 98.948 , and by rule, any test of support is a buy signal. In this case, support 98.05 is being tested, a buy signal would exist.
- Short ACGL slightly under 104.72, target 98.05, stop loss @ 105.02 Details
The technical summary data is suggesting a short of ACGL as it gets near 104.72 with a downside target of 98.05. We should have a stop loss in place at 105.02though. 104.72 is the first level of resistance above 98.948, and by rule, any test of resistance is a short signal. In this case, if resistance 104.72 is being tested, a short signal would exist.
Swing Trading Plans for ACGL
- Buy ACGL slightly over 99.62, target 104.72, Stop Loss @ 99.33 Details
If 99.62 begins to break higher, the technical summary data tells us to buy ACGL just slightly over 99.62, with an upside target of 104.72. The data also tells us to set a stop loss @ 99.33 in case the stock turns against the trade. 99.62 is the first level of resistance above 98.948, and by rule, any break above resistance is a buy signal. In this case, 99.62, 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 99.62, target 98.05, Stop Loss @ 99.91. Details
The technical summary data is suggesting a short of ACGL if it tests 99.62 with a downside target of 98.05. We should have a stop loss in place at 99.91 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, 99.62, 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 99.62, target 104.72, Stop Loss @ 99.39 Details
If 99.62 begins to break higher, the technical summary data tells us to buy ACGL just slightly over 99.62, with an upside target of 104.72. The data also tells us to set a stop loss @ 99.39 in case the stock turns against the trade. 99.62 is the first level of resistance above 98.948, and by rule, any break above resistance is a buy signal. In this case, 99.62, 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 99.62, target 98.76, Stop Loss @ 99.85. Details
The technical summary data is suggesting a short of ACGL if it tests 99.62 with a downside target of 98.76. We should have a stop loss in place at 99.85 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, 99.62, 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 July 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
91.75 |
| P2 |
96.79 |
97.36 |
98.05 |
| P3 |
98.76 |
99.62 |
104.72 |
AI Generated Signals for ACGL
Blue = Current Price
Red= Resistance
Green = Support
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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.
Fundamental Charts for ACGL:
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