ARES MANAGEMENT CORP - A (ARES) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ARES - US03990B1017 - Common Stock
Overall ARES gets a technical rating of 4 out of 10. 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 an average technical rating and it also does not offer a high quality setup 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.
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135.71
We found 4 important support areas.
- Support @151.03 from a trend line in the weekly time frame.
- Support @146.68 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 167.16 to 180.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for ARES is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARES is neutral. |
| ChartMill Relative Strength | 35.93 | NEUTRAL | ARES is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ARES is below 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 | MIXED | The current price of ARES is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.88 | NEUTRAL | The RSI value for ARES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.47 | NEGATIVE | The MACD value suggests ARES has a negative trend. |
| Stochastics (14,3) | 14.36 | OVERSOLD | The low Stochastics value suggests ARES may be oversold. |
| Average True Range in percent/ATR (20) | 2.99 | MEDIUM VOLATILITY | The ATR as a percentage value for ARES suggests some volalility. |
| Average Directional Index/ADX (14) | 19.03 | NEGATIVE | The low ADX value for ARES suggests a weak or negative trend. |
161.63
-1.6 (-0.98%)
ARES MANAGEMENT CORP - A / ARES FAQ
What is the technical rating for ARES stock?
ChartMill assigns a technical rating of 4 / 10 to ARES.
Can you provide the trend direction for ARES MANAGEMENT CORP - A?
The current trend direction for ARES MANAGEMENT CORP - A (ARES) is Bearish.
What is the RSI signal for ARES stock?
ARES MANAGEMENT CORP - A (ARES) has an RSI value of 44.8812. This indicates that the stock is currently neutral.
What is the MACD signal for ARES stock?
The MACD indicator for ARES MANAGEMENT CORP - A (ARES) has a value of -1.47151, indicating a bearish trend.
What is the support and resistance level for ARES stock?
ARES MANAGEMENT CORP - A (ARES) has a support level at 151.03 and a resistance level at 167.16. Check the full technical report for our detailed analysis of ARES support and resistance levels.