Ares Capital Corporation Stock Forecast
Ares Capital Corporation stock price down 0.770% on Thursday
(Updated on Apr 25, 2024)
The Ares Capital Corporation stock price fell by -0.770% on the last day (Thursday, 25th Apr 2024) from $20.79 to $20.63. During the last trading day the stock fluctuated 0.630% from a day low at $20.62 to a day high of $20.75. The price has risen in 6 of the last 10 days and is up by 0.54% over the past 2 weeks. Volume has increased on the last day by 145 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, 2 million shares were bought and sold for approximately $46.32 million.
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 $20.45 and $21.33 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.
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ARCC Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -0.770%. Further fall is indicated until a new bottom pivot has been found. 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. The Ares Capital Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $20.59 and $20.40. A breakdown below any of these levels will issue sell 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 Wednesday, April 24, 2024 and based on theory for this formation the price should fall by -3.23% to $19.96 within 18 trading days since signal was issued (Friday, April 26, 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 $0.130 between high and low, or 0.630%. For the last week the stock has had daily average volatility of 0.761%.
Our recommended stop-loss: $19.96 (-3.25%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (ARCC) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Ares Capital Corporation to open at $20.67, and during the day (based on 14 day Average True Range), to move between $20.42 and $20.84, which gives a possible trading interval of +/-$0.215 (+/-1.04%) up or down from last closing price. If Ares Capital Corporation takes out the full calculated possible swing range there will be an estimated 2.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $20.73 (0.48%) than the support at $20.24 (1.89%), 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.
Earnings coming up
Ares Capital Corporation will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.590. We will update the financials statements for Ares Capital Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.15% in the first trading day after earnings release.
Is Ares Capital Corporation stock A Buy?
Several short-term signals 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 period.
Current score: 1.689 Buy Candidate Unchanged
Predicted Opening Price for Ares Capital Corporation of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $20.67 ( 0.178%) | $20.63 |
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 | 20.80 | 0.81 % | |
| R2 | 20.75 | 0.567 % | ||
| R1 | 20.72 | 0.418 % | ||
| Current price: | 20.63 | |||
| Support | S1 | 20.62 | -0.0630 % | |
| S2 | 20.59 | -0.212 % | ||
| S3 | 20.54 | -0.452 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.82 | 0.92 % | |
| R2 | 20.78 | 0.727 % | ||
| R1 | 20.73 | 0.485 % | ||
| Current price | 20.63 | |||
| Support | S1 | 20.24 | -1.89% | |
| S2 | 20.23 | -1.94% | ||
| S3 | 20.11 | -2.52% |
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
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