(ACGL) Pivots Trading Plans and Risk Controls

March 10, 2024, 08:26 am ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ACGL

• Buy ACGL slightly over 84.95 target 90.75 stop loss @ 84.7 Details

The technical summary data tells us to buy ACGL near 84.95 with an upside target of 90.75. This data also tells us to set a stop loss @ 84.7 to protect against excessive loss in case the stock begins to move against the trade. 84.95 is the first level of support below 87.61 , and by rule, any test of support is a buy signal. In this case, support 84.95 is being tested, a buy signal would exist.

• Short ACGL slightly under 90.75, target 84.95, stop loss @ 91.01 Details

The technical summary data is suggesting a short of ACGL as it gets near 90.75 with a downside target of 84.95. We should have a stop loss in place at 91.01though. 90.75 is the first level of resistance above 87.61, and by rule, any test of resistance is a short signal. In this case, if resistance 90.75 is being tested, a short signal would exist.

Swing Trading Plans for ACGL

• Buy ACGL slightly over 88.81, target 90.75, Stop Loss @ 88.55 Details

If 88.81 begins to break higher, the technical summary data tells us to buy ACGL just slightly over 88.81, with an upside target of 90.75. The data also tells us to set a stop loss @ 88.55 in case the stock turns against the trade. 88.81 is the first level of resistance above 87.61, and by rule, any break above resistance is a buy signal. In this case, 88.81, 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 88.81, target 87.21, Stop Loss @ 89.07. Details

The technical summary data is suggesting a short of ACGL if it tests 88.81 with a downside target of 87.21. We should have a stop loss in place at 89.07 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, 88.81, 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 88.35, target 88.81, Stop Loss @ 88.14 Details

If 88.35 begins to break higher, the technical summary data tells us to buy ACGL just slightly over 88.35, with an upside target of 88.81. The data also tells us to set a stop loss @ 88.14 in case the stock turns against the trade. 88.35 is the first level of resistance above 87.61, and by rule, any break above resistance is a buy signal. In this case, 88.35, 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 88.35, target 87.4, Stop Loss @ 88.56. Details

The technical summary data is suggesting a short of ACGL if it tests 88.35 with a downside target of 87.4. We should have a stop loss in place at 88.56 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, 88.35, 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 March 10:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	79.62
P2	87.4	87.21	84.95
P3	88.35	88.81	90.75

AI Generated Signals for ACGL

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This Arch Capital Group Ltd. (NASDAQ: ACGL) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ACGL change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ACGL is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for ACGL too.  All of these are offered below the Summary Table.