Ares Capital Corporation Stock Forecast
Ares Capital Corporation stock price ended at $20.33 on Wednesday, after gaining 0.445%.
(Updated on Apr 17, 2024)
The Ares Capital Corporation stock price gained 0.445% on the last trading day (Wednesday, 17th Apr 2024), rising from $20.24 to $20.33. During the last trading day the stock fluctuated 1.14% from a day low at $20.21 to a day high of $20.44. The price has fallen in 6 of the last 10 days and is down by -0.73% for this period. Volume fell on the last day by -1 million shares and in total, 2 million shares were bought and sold for approximately $39.91 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 is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Ares Capital Corporation stock with a 90% probability to be traded between $20.11 and $20.98 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ARCC Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 0.445%. 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 sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $20.36 and $20.34. A break-up above any of these levels will issue buy signals. The stock had a Golden Star Signal on Monday, March 25, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, March 25, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Thursday, March 28, 2024 and based on theory for this formation the price should fall by -5.66% to $19.18 within 11 trading days since signal was issued (Thursday, April 18, 2024).
Support, Risk & Stop-loss for Ares Capital Corporation stock
Ares Capital Corporation finds support from accumulated volume at $20.24 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 $0.230 between high and low, or 1.14%. For the last week the stock has had daily average volatility of 1.36%.
Our recommended stop-loss: $19.23 (-5.42%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (ARCC) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Ares Capital Corporation to open at $20.33, and during the day (based on 14 day Average True Range), to move between $20.09 and $20.57, which gives a possible trading interval of +/-$0.241 (+/-1.19%) up or down from last closing price. If Ares Capital Corporation takes out the full calculated possible swing range there will be an estimated 2.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $20.39 (0.30%) than the support at $20.24 (0.44%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Ares Capital Corporation stock A Buy?
Ares Capital Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.048 Hold/Accumulate Unchanged
Predicted Opening Price for Ares Capital Corporation of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $20.33 ( 0.0162%) | $20.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARCC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.56 | 1.11 % | |
| R2 | 20.47 | 0.683 % | ||
| R1 | 20.41 | 0.416 % | ||
| Current price: | 20.33 | |||
| Support | S1 | 20.24 | -0.448 % | |
| S2 | 20.18 | -0.715 % | ||
| S3 | 20.10 | -1.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.82 | 2.41 % | |
| R2 | 20.48 | 0.738 % | ||
| R1 | 20.39 | 0.295 % | ||
| Current price | 20.33 | |||
| Support | S1 | 20.24 | -0.443% | |
| S2 | 20.23 | -0.492% | ||
| S3 | 20.11 | -1.08% |
ARCC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 07, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.480 | 2.31% |
| 2 | Oct 24, 2023 | Dec 14, 2023 | Dec 28, 2023 | $0.480 | 2.39% |
| 3 | Jul 25, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.480 | 2.47% |
| 4 | Apr 25, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.480 | 2.55% |
| 5 | Feb 07, 2023 | Mar 14, 2023 | Mar 31, 2023 | $0.480 | 2.63% |
FAQ
Click here for our free guide on how to buy Ares Capital Corporation Stock.
