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Ares Capital Corporation Stock Forecast NASDAQ:ARCC

$20.71 (0.0483%)

Volume: 2M

Closed: Dec 08, 2021

Hollow Logo Score: 2.222

Ares Capital Corporation Stock Forecast

$20.71 (0.0483%)

Volume: 2M

Closed: Dec 08, 2021

Score Hollow Logo 2.222
Which way will ARCC go? Request
Wed, Dec 08, 2021 Buy Candidate Upgraded
Stop-loss: $19.75 (-4.65%)
Key Stats
P/E Ratio 6.10
Beta 0.56
Trailing Dividend Rate 7.55% ($1.56)
Next Dividend Date Dec 14, 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 - 80 ] RSI14 is 50 and the stock is currently not being overbought or oversold

Ares Capital Corporation stock upgraded to Buy Candidate.
(Updated on Dec 08, 2021)


Buy or Hold candidate since 2021-12-02 Gain 1.62%

The Ares Capital Corporation stock price gained 0.0483% on the last trading day (Wednesday, 8th Dec 2021), rising from $20.70 to $20.71. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 0.65% from a day low at $20.68 to a day high of $20.82. The price has risen in 6 of the last 10 days and is up by 0.83% over the past 2 weeks. Volume fell on the last day by -348 thousand shares and in total, 2 million shares were bought and sold for approximately $40.76 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.33% during the next 3 months and, with a 90% probability hold a price between $20.65 and $22.43 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 2.83%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ares Capital 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 $20.89. On a fall, the stock will find some support from the short-term average at $20.46. 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.

Support, Risk & Stop-loss

Ares Capital Corporation finds support from accumulated volume at $20.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.14 between high and low, or 0.65%. For the last week the stock has had a daily average volatility of 1.29%.

Our recommended stop-loss: $19.75 (-4.65%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)

Is Ares Capital Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ares Capital Corporation stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.222

Predicted Opening Price for Ares Capital 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
$20.74 $20.71 (Undervalued)
Buy Candidate Upgraded

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Analyst Ratings

On Dec 03, 2021 "Janney Montgomery Scott" gave "$22.00" rating for ARCC. The price target was set to $20.38.

Volatility and Risk
Daily Average Volatility: 1.29 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.29 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $20.97
Price: $20.71
Support: $20.70

ARCC Insider Trading Show all Trades

INSIDER POWER

47.147

Last 100 transactions
Buy: 612 906 | Sell: 13 000 (Shares)
Date Action Amount Person Type
Nov 23, 2020 Sell 7 000 Roll Penelope F Common Stock
Oct 30, 2020 Buy 3 000 Bloomstein Joshua M Common Stock
Oct 28, 2020 Buy 10 000 Arougheti Michael J Common Stock
Oct 28, 2020 Buy 2 000 Bloomstein Joshua M Common Stock
Oct 28, 2020 Buy 75 000 Deveer R. Kipp Common Stock
Show all Insider Trades
INSIDER POWER

47.147

Last 100 transactions
Buy: 612 906 | Sell: 13 000 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 20.87 0.77 %
20.82 0.52 %
20.79 0.37 %
Current price: 20.71
Support 20.68 -0.13 %
20.65 -0.28 %
20.60 -0.53 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 21.03 1.55 %
21.02 1.50 %
20.97 1.26 %
Current price 20.71
Support 20.70 -0.0483%
20.63 -0.39%
20.29 -2.03%

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