ARES MANAGEMENT CORP - A (ARES) Stock Technical Analysis
USA - NYSE:ARES - US03990B1017 - Common Stock
We assign a technical rating of 1 out of 10 to ARES. ARES's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, ARES does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 151.53, a Stop Loss order could be placed below this zone.
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135.71
When analyzing the support we can see 4 important areas.
- A support zone ranging from 149.37 to 151.53. 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 144.26 to 144.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 140.87 to 140.87. 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 153.89 to 155.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @183.72 from a trend line in the weekly time frame.
- Resistance @198.22 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 | DOWN | NEGATIVE | The long term trend for ARES is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ARES is down. |
| ChartMill Relative Strength | 18.62 | NEGATIVE | ARES has a low relative strength, it was outperformed by 81.38% 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 | NEGATIVE | The current price of ARES is below 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) | 50.79 | NEUTRAL | The RSI value for ARES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.5 | POSITIVE | The MACD value suggests ARES has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.38 | NEUTRAL | The Stochastics value for ARES is a neutral value. |
| Average True Range in percent/ATR (20) | 3.63 | MEDIUM VOLATILITY | The ATR as a percentage value for ARES suggests some volalility. |
| Average Directional Index/ADX (14) | 18.26 | NEGATIVE | The low ADX value for ARES suggests a weak or negative trend. |
153.88
+2.62 (+1.73%)
ARES MANAGEMENT CORP - A / ARES FAQ
What is the technical rating for ARES stock?
ChartMill assigns a technical rating of 1 / 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 50.7871. 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 1.4991, 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 151.53 and a resistance level at 153.89. Check the full technical report for our detailed analysis of ARES support and resistance levels.