ARES CAPITAL CORP (ARCC) Stock Technical Analysis
NASDAQ:ARCC - Nasdaq - US04010L1035 - Common Stock - Currency: USD
Taking everything into account, ARCC scores 5 out of 10 in our technical rating. In the last year, ARCC was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
In the last month ARCC has a been trading in the 22.08 - 23.41 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
ARCC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ARCC is lagging the market slightly.
ARCC has an average volume of 3776960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, ARCC outperforms 58% of them, which is more or less in line with the market.
ARCC is an average performer in the Capital Markets industry, it outperforms 60% of 237 stocks in the same industry.
Although the technical rating is only medium, ARCC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 22.30, a Stop Loss order could be placed below this zone.
More info and screens
19.38
24.05
We found 4 important support areas.
- A support zone ranging from 21.93 to 22.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.32 from a horizontal line in the daily time frame.
- A support zone ranging from 19.91 to 20.19. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @19.58 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 22.57 to 22.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 23.67 to 23.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ARCC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARCC is neutral. |
| ChartMill Relative Strength | 58.59 | NEUTRAL | ARCC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ARCC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARCC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ARCC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.57 | NEUTRAL | The RSI value for ARCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests ARCC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.7 | NEUTRAL | The Stochastics value for ARCC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.45 | LOW VOLATILITY | The low ATR as a percentage value for ARCC suggests low volalility. |
| Average Directional Index/ADX (14) | 21.12 | NEUTRAL | The ADX value for ARCC suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
22.39
-0.06 (-0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-0.27%
1 Week-1.06%
2 Weeks-2.78%
1 Month-1.71%
3 Month6.32%
6 Month-1.54%
12 Month9.22%
2 Year14.88%
3 Year14%
5 Year52.21%
10 Year41.98%
15 Year49.97%
Volatility
ATR(14)0.34
ATR(20)%1.45%
ATR Inc-17.55%
Range Today0.31
ADR(20)0.32
ADR(20)%1.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.59
Mansfield-0.51
10 Day High23.15
10 Day Low22.08
20 Day High23.42
20 Day Low22.08
52 Week High23.84
52 Week Low18.26
CS1 End22.3
CR1 Start22.57
Volume & EV
DER(3)-2.21%
DER(5)-0.55%
Volume3.41M
Volume Incr3.16%
Vol(5)3.39M
Vol(50)3.78M