ARES CAPITAL CORP (ARCC) Stock Technical Analysis
NASDAQ:ARCC - Nasdaq - US04010L1035 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to ARCC. ARCC has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long and short term trends are both positive. This is looking good!
In the last month ARCC has a been trading in the 20.29 - 22.08 range, which is quite wide. It is currently trading near the high of this range.
ARCC has an average volume of 5300710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, ARCC turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
ARCC is part of the Capital Markets industry. There are 231 other stocks in this industry, ARCC did better than 48% of them.
ARCC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ARCC is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, ARCC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 21.81, a Stop Loss order could be placed below this zone.
More info and screens
19.38
24.05
When analyzing the support we can see 3 important areas.
- A support zone ranging from 21.08 to 21.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.91 to 20.07. 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 3 important areas.
- Resistance @22.04 from a trend line in the daily time frame.
- Resistance @22.41 from a horizontal line in the daily time frame.
- 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 | UP | POSITIVE | The short term trend for ARCC is up. |
| ChartMill Relative Strength | 41.32 | NEUTRAL | ARCC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARCC is above the rising 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) | 60.31 | NEUTRAL | The RSI value for ARCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ARCC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.87 | OVERBOUGHT | The high Stochastics value suggests ARCC may be overbought. |
| Average True Range in percent/ATR (20) | 1.58 | LOW VOLATILITY | The low ATR as a percentage value for ARCC suggests low volalility. |
| Average Directional Index/ADX (14) | 14.57 | NEGATIVE | The low ADX value for ARCC suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 22.05 | 21.27 | 0.78 (3.54%) | 25.00% |
| An entry @22.05. This is a Buy Stop order right above the resistance zone. | An exit @21.27. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.78 points, which is 3.54%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.88%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
21.99
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0%
1 Week2.14%
2 Weeks1.66%
1 Month6.44%
3 Month-5.95%
6 Month-0.72%
12 Month1.95%
2 Year17.34%
3 Year13.47%
5 Year49.08%
10 Year31.28%
15 Year62.41%
Volatility
ATR(14)0.32
ATR(20)%1.58%
ATR Inc-39.2%
Range Today0.26
ADR(20)0.31
ADR(20)%1.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.32
Mansfield-0.12
10 Day High22.08
10 Day Low21.28
20 Day High22.08
20 Day Low20.29
52 Week High23.84
52 Week Low18.26
CS1 End21.81
CR1 Start22.04
Volume & EV
DER(3)2.14%
DER(5)2%
Volume2.97M
Volume Incr-33.35%
Vol(5)2.81M
Vol(50)5.30M