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 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ARES is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, ARES did better than 77% of all other stocks.
ARES is one of the better performing stocks in the Capital Markets industry, it outperforms 73% of 235 stocks in the same industry.
ARES 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 ARES is lagging the market slightly.
ARES is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
ARES has an average volume of 1507750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, ARES also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 179.63, 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
120.49
184.47
We found 4 important support areas.
- A support zone ranging from 177.01 to 179.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 171.37 to 173.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 165.17 to 165.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @121.71 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @182.64 from a trend 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 | 77.92 | POSITIVE | ARES has a high relative strength, it outperformed 77.92% 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) | 58.24 | NEUTRAL | The RSI value for ARES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests ARES has a negative trend. |
| Stochastics (14,3) | 52.88 | NEUTRAL | The Stochastics value for ARES is a neutral value. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for ARES suggests some volalility. |
| Average Directional Index/ADX (14) | 11.49 | 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 |
|---|---|---|---|
| 182.65 | 177.00 | 5.65 (3.09%) | 25.00% |
| An entry @182.65. This is a Buy Stop order right above the resistance zone. | An exit @177.00. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.65 points, which is 3.09%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.77%. |
- The distance between exit and entry is rather small compared to the average daily movement of ARES. Please evaluate whether better entry and exit points can be found.
- 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.
180.57
+2.32 (+1.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg1.3%
1 Week0.36%
2 Weeks2.03%
1 Month6.33%
3 Month17.34%
6 Month-8.49%
12 Month22.75%
2 Year81.99%
3 Year152.02%
5 Year352.1%
10 Year851.37%
15 YearN/A
Volatility
ATR(14)4.31
ATR(20)%2.3%
ATR Inc-25.74%
Range Today2.04
ADR(20)4.02
ADR(20)%2.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.92
Mansfield0.06
10 Day High185.57
10 Day Low174.36
20 Day High185.57
20 Day Low168.12
52 Week High200.49
52 Week Low110.63
CS1 End179.63
CR1 Start182.64
Volume & EV
DER(3)-0.26%
DER(5)0.77%
Volume871.75K
Volume Incr17.98%
Vol(5)1.61M
Vol(50)1.51M