ARES MANAGEMENT CORP - A (ARES) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ARES - US03990B1017 - Common Stock
Taking everything into account, ARES scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. ARES was also a bad performer in the overall market in the last year.
ARES has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
135.71
4 important support areas can be observed.
- A support zone ranging from 146.80 to 152.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @143.29 from a trend line in the daily time frame.
- A support zone ranging from 140.87 to 140.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @137.08 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 156.86 to 156.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @182.63 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for ARES is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARES is up. |
| ChartMill Relative Strength | 22.12 | NEGATIVE | ARES has a low relative strength, it was outperformed by 77.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARES is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ARES is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ARES is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.73 | NEUTRAL | The RSI value for ARES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.27 | POSITIVE | The MACD value suggests ARES has a positive trend. |
| Stochastics (14,3) | 80.67 | OVERBOUGHT | The high Stochastics value suggests ARES may be overbought. |
| Average True Range in percent/ATR (20) | 3.37 | MEDIUM VOLATILITY | The ATR as a percentage value for ARES suggests some volalility. |
| Average Directional Index/ADX (14) | 14.33 | NEGATIVE | The low ADX value for ARES suggests a weak or negative trend. |
156.85
+2.3 (+1.49%)
ARES MANAGEMENT CORP - A / ARES FAQ
What is the technical rating for ARES stock?
ChartMill assigns a technical rating of 2 / 10 to ARES.
What is the current trend direction of ARES MANAGEMENT CORP - A (ARES) stock?
The current trend direction for ARES MANAGEMENT CORP - A (ARES) is Bearish.
What is the RSI signal for ARES MANAGEMENT CORP - A (ARES) stock?
ARES MANAGEMENT CORP - A (ARES) has an RSI value of 59.7285. This indicates that the stock is currently neutral.
What is the MACD signal for ARES MANAGEMENT CORP - A (ARES) stock?
The MACD indicator for ARES MANAGEMENT CORP - A (ARES) has a value of 1.2659, indicating a bullish trend.
Can you provide the support and resistance levels for ARES MANAGEMENT CORP - A?
ARES MANAGEMENT CORP - A (ARES) has a support level at 152.74 and a resistance level at 156.86. Check the full technical report for our detailed analysis of ARES support and resistance levels.