How the (ACGL) price action is used to our Advantage
August 22, 2024, 03:40 am ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ACGL
- Buy ACGL slightly over 100.99 target 107.64 stop loss @ 100.7 Details
The technical summary data tells us to buy ACGL near 100.99 with an upside target of 107.64. This data also tells us to set a stop loss @ 100.7 to protect against excessive loss in case the stock begins to move against the trade. 100.99 is the first level of support below 104.6 , and by rule, any test of support is a buy signal. In this case, support 100.99 is being tested, a buy signal would exist.
- Short ACGL slightly under 107.64, target 100.99, stop loss @ 107.95 Details
The technical summary data is suggesting a short of ACGL as it gets near 107.64 with a downside target of 100.99. We should have a stop loss in place at 107.95though. 107.64 is the first level of resistance above 104.6, and by rule, any test of resistance is a short signal. In this case, if resistance 107.64 is being tested, a short signal would exist.
Swing Trading Plans for ACGL
- Buy ACGL slightly over 105.08, target 107.64, Stop Loss @ 104.78 Details
If 105.08 begins to break higher, the technical summary data tells us to buy ACGL just slightly over 105.08, with an upside target of 107.64. The data also tells us to set a stop loss @ 104.78 in case the stock turns against the trade. 105.08 is the first level of resistance above 104.6, and by rule, any break above resistance is a buy signal. In this case, 105.08, 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 105.08, target 103.01, Stop Loss @ 105.38. Details
The technical summary data is suggesting a short of ACGL if it tests 105.08 with a downside target of 103.01. We should have a stop loss in place at 105.38 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, 105.08, 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 105.08, target 107.64, Stop Loss @ 104.83 Details
If 105.08 begins to break higher, the technical summary data tells us to buy ACGL just slightly over 105.08, with an upside target of 107.64. The data also tells us to set a stop loss @ 104.83 in case the stock turns against the trade. 105.08 is the first level of resistance above 104.6, and by rule, any break above resistance is a buy signal. In this case, 105.08, 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 105.08, target 104.54, Stop Loss @ 105.33. Details
The technical summary data is suggesting a short of ACGL if it tests 105.08 with a downside target of 104.54. We should have a stop loss in place at 105.33 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, 105.08, 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 August 22:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
94.53 |
| P2 |
103.57 |
103.01 |
100.99 |
| P3 |
104.54 |
105.08 |
107.64 |
AI Generated Signals for ACGL
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Arch Capital Group Ltd. (NASDAQ: ACGL) data table below can help you with price action, and we have more details too. Trading plans for ACGL are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ACGL:
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