ARES DYNAMIC CREDIT ALL (ARDC) Stock Technical Analysis
NYSE:ARDC - US04014F1021
Overall ARDC gets a technical rating of 6 out of 10. Although ARDC is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
ARDC has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 14.58, a Stop Loss order could be placed below this zone.
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12.64
3 important support areas can be observed.
- A support zone ranging from 13.95 to 14.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.02 from a trend line in the weekly time frame.
- Support @12.77 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @14.59 from a trend line in the daily time frame.
- A resistance zone ranging from 15.32 to 15.63. 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 ARDC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARDC is up. |
| ChartMill Relative Strength | 29.9 | NEGATIVE | ARDC has a low relative strength, it was outperformed by 70.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARDC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARDC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ARDC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.11 | NEUTRAL | The RSI value for ARDC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ARDC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.45 | NEUTRAL | The Stochastics value for ARDC is a neutral value. |
| Average True Range in percent/ATR (20) | 0.67 | LOW VOLATILITY | The low ATR as a percentage value for ARDC suggests low volalility. |
| Average Directional Index/ADX (14) | 19.29 | NEGATIVE | The low ADX value for ARDC suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 14.60 | 14.37 | 0.23 (1.58%) | 25.00% |
| An entry @14.60. This is a Buy Stop order right above the resistance zone. | An exit @14.37. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.23 points, which is 1.58%. | For a 0.39% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
14.59
+0.04 (+0.27%)