Ares Capital Corporation Forecast and Stock Analysis
Technical ARCC stock analysis for Wednesday June 26, 2019.
Ares Capital Corporation fell by -0.67% in the last day ( Wednesday, 26th Jun 2019 ) from $17.80 to $17.68 and has now fallen 6 days in a row. During day the stock fluctuated 1.02% from a day low at $17.67 to a day high of $17.85. The price has fallen in 6 of the last 10 days and is down by -1.94% for this period. Volume has increased in the last day by 0.32 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.67 million shares bought and sold for approximately $29.54 million.
- 30 day high of the ARCC stock price was $18.24 and low was $17.48.
- 90 day high was $18.24 and low was $16.99.
- 52 week high for the Ares Capital Corporation - $18.24 and low - $14.50.
Ares Capital Corporation has broken the narrow and weak rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $17.77. A reaction back to this level may hold a second chance to get out before further falls.
There are few to none technical positive signals at the moment. Ares Capital Corporation holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $17.92 and $17.83. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday June 19, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 43 and the stock is currently not being overbought or oversold
Support & Resistance
Ares Capital Corporation finds support from accumulated volume at $17.50.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.18 (1.02%) between high and low. For the last week, the stock has had a daily average volatility of 1.06%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
1.06 %Average volatility
Very Low Low Medium High Very High
The Ares Capital Corporation stock holds several negative signals and despite the positive trend we believe Ares Capital Corporation will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
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|ARCC $17.68 ($-0.12 -0.67%)|
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