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Ares Commercial Real Estate Corporation Stock Forecast NYSE:ACRE

$15.12 (-0.46%)

Volume: 374k

Closed: Dec 08, 2021

Hollow Logo Score: -0.425

Ares Commercial Real Estate Corporation Stock Forecast

$15.12 (-0.46%)

Volume: 374k

Closed: Dec 08, 2021

Score Hollow Logo -0.425
Which way will ACRE go? Request
Stop-loss: $14.52 (-3.98%)
Key Stats
P/E Ratio 12.31
Beta 1.09
Trailing Dividend Rate 8.66% ($1.31)
Next Dividend Date Dec 30, 2021
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 42 and the stock is currently not being overbought or oversold

Stronger technical forecast for Ares Commercial Real Estate Corporation stock price after Wednesday trading.
(Updated on Dec 08, 2021)


Hold candidate since 2021-12-08

The Ares Commercial Real Estate Corporation stock price fell by -0.46% on the last day (Wednesday, 8th Dec 2021) from $15.19 to $15.12. During the day the stock fluctuated 1.46% from a day low at $15.10 to a day high of $15.32. The price has fallen in 7 of the last 10 days and is down by -2.33% for this period. Volume has increased on the last day by 69 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 374 thousand shares were bought and sold for approximately $5.66 million.

The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Ares Commercial Real Estate Corporation stock with a 90% probability to be traded between $14.38 and $15.80 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals & Forecast

There are mixed signals in the stock today. The Ares Commercial Real Estate Corporation stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $15.53. On a fall, the stock will find some support from the short-term average at $14.94. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 3.92%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss

Ares Commercial Real Estate Corporation finds support from accumulated volume at $15.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.22 between high and low, or 1.46%. For the last week, the stock has had a daily average volatility of 2.39%.

Our recommended stop-loss: $14.52 (-3.98%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)

Is Ares Commercial Real Estate Corporation stock A Buy?

Ares Commercial Real Estate Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.425

Predicted Opening Price for Ares Commercial Real Estate Corporation of Thursday, December 9, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 9, 2021 Current price
$15.18 $15.12 (Undervalued)
Hold/Accumulate Upgraded

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Analyst Ratings

On Nov 12, 2021 "BTIG Research" gave "$16.50" rating for ACRE. The price target was set to $16.03+0.9%.

Volatility and Risk
Daily Average Volatility: 2.39 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.39 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $15.38
Price: $15.12
Support: $15.04

ACRE Insider Trading Show all Trades

INSIDER POWER

0.399

Last 100 transactions
Buy: 865 917 | Sell: 2 172 691 (Shares)
Date Action Amount Person Type
Jul 12, 2021 Sell 730 Feingold Anton Common Stock
Apr 22, 2021 Buy 4 656 Skinner James E Common Stock
Apr 22, 2021 Buy 4 656 Moriarty Edmond N. Iii Common Stock
Apr 22, 2021 Buy 4 656 April Rand Scott Common Stock
Apr 22, 2021 Buy 4 656 Browning William Common Stock
Show all Insider Trades
INSIDER POWER

0.399

Last 100 transactions
Buy: 865 917 | Sell: 2 172 691 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 15.40 1.85 %
15.32 1.30 %
15.26 0.95 %
Current price: 15.12
Support 15.10 -0.16 %
15.04 -0.50 %
14.96 -1.06 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 15.70 3.84 %
15.51 2.58 %
15.38 1.72 %
Current price 15.12
Support 15.04 -0.53%
14.72 -2.65%
14.55 -3.77%

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About Ares Commercial Real Estate Corporation

Ares Commercial Real Estate Corporation, a specialty finance company, originates, manages, and services a portfolio of commercial real estate (CRE) debt-related investments. The company operates in two segments, Principal Lending and Mortgage Banking. Its target investments include senior mortgage loans, subordinated debt, preferred equity, mezzanine loans and other CRE investments. The company also originates long-term senior loans collateralize... Read more

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