ARES MANAGEMENT CORP - A (ARES) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ARES - US03990B1017 - Common Stock
Taking everything into account, ARES scores 6 out of 10 in our technical rating. In the last year, ARES was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, ARES does present a nice setup opportunity. 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 168.76, a Stop Loss order could be placed below this zone.
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135.71
When analyzing the support we can see 5 important areas.
- A support zone ranging from 165.67 to 168.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @150.19 from a trend line in the weekly time frame.
- A support zone ranging from 146.06 to 146.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @140.88 from a horizontal line in the daily time frame.
- Support @137.08 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- Resistance @176.56 from a trend line in the daily time frame.
- Resistance @181.18 from a trend line in the weekly time frame.
- Resistance @188.44 from a horizontal line in the weekly time frame.
- Resistance @192.77 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 | 35.47 | NEUTRAL | ARES is not amongst the best or worst performers 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) | 57.49 | NEUTRAL | The RSI value for ARES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.64 | NEGATIVE | The MACD value suggests ARES has a negative trend. |
| Stochastics (14,3) | 44.77 | NEUTRAL | The Stochastics value for ARES is a neutral value. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for ARES suggests some volalility. |
| Average Directional Index/ADX (14) | 22.39 | NEUTRAL | The ADX value for ARES suggests a possible start of a new 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 |
|---|---|---|---|
| 176.57 | 165.66 | 10.91 (6.18%) | 16.18% |
| An entry @176.57. This is a Buy Stop order right above the resistance zone. | An exit @165.66. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 10.91 points, which is 6.18%. | When investing 16.18% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
169.06
+0.32 (+0.19%)
ARES MANAGEMENT CORP - A / ARES FAQ
What is the technical rating for ARES stock?
ChartMill assigns a technical rating of 6 / 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 Bullish.
What is the RSI signal for ARES MANAGEMENT CORP - A (ARES) stock?
ARES MANAGEMENT CORP - A (ARES) has an RSI value of 57.4854. 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 -0.638675, indicating a bearish trend.
Can you provide the support and resistance levels for ARES MANAGEMENT CORP - A?
ARES MANAGEMENT CORP - A (ARES) has a support level at 168.76 and a resistance level at 176.56. Check the full technical report for our detailed analysis of ARES support and resistance levels.