ARES MANAGEMENT CORP - A (ARES) Stock Technical Analysis
NYSE:ARES - New York Stock Exchange, Inc. - US03990B1017 - Common Stock - Currency: USD
Taking everything into account, ARES scores 7 out of 10 in our technical rating. In the last year, ARES was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Both the short term and long term trends are positive. This is a very positive sign.
ARES is one of the better performing stocks in the Capital Markets industry, it outperforms 79% of 232 stocks in the same industry.
In the last month ARES has a been trading in the 154.76 - 176.38 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ARES has an average volume of 2142910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ARES is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
ARES 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 ARES is lagging the market slightly.
ARES has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 160.28, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
118.68
177.60
We found 2 important support areas.
- A support zone ranging from 158.97 to 160.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @119.88 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @166.66 from a trend line in the daily time frame.
- A resistance zone ranging from 170.16 to 172.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @175.84 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for ARES is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARES is up. |
| ChartMill Relative Strength | 74.71 | POSITIVE | ARES has a high relative strength, it outperformed 74.71% 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) | UP | POSITIVE | The current price of ARES is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ARES is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.43 | NEUTRAL | The RSI value for ARES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.89 | NEGATIVE | The MACD value suggests ARES has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.46 | NEUTRAL | The Stochastics value for ARES is a neutral value. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for ARES suggests some volalility. |
| Average Directional Index/ADX (14) | 15.29 | NEGATIVE | The low ADX value for ARES 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 |
|---|---|---|---|
| 166.67 | 158.96 | 7.71 (4.63%) | 21.62% |
| An entry @166.67. This is a Buy Stop order right above the resistance zone. | An exit @158.96. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 7.71 points, which is 4.63%. | For a 1.00% total portfolio risk, you can invest 21.62% 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.
165.5
+0.6 (+0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.36%
1 Week3.52%
2 Weeks-1.9%
1 Month8.69%
3 Month-3.18%
6 Month-6.35%
12 Month18.07%
2 Year90.03%
3 Year132.54%
5 Year338.29%
10 Year749.15%
15 YearN/A
Volatility
ATR(14)4.64
ATR(20)%3.03%
ATR Inc-42.71%
Range Today3.3
ADR(20)4.33
ADR(20)%2.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.71
Mansfield0.1
10 Day High170.87
10 Day Low155.52
20 Day High176.39
20 Day Low154.76
52 Week High200.49
52 Week Low110.63
CS1 End160.28
CR1 Start166.66
Volume & EV
DER(3)-1.94%
DER(5)-1.09%
Volume3.00M
Volume Incr-14.05%
Vol(5)1.44M
Vol(50)2.14M