Ares Management LP Stock Forecast
Ares Management LP stock downgraded to Sell Candidate
(Updated on Apr 24, 2024)
The Ares Management LP stock price fell by -0.403% on the last day (Wednesday, 24th Apr 2024) from $136.50 to $135.95. During the last trading day the stock fluctuated 2.78% from a day low at $134.71 to a day high of $138.45. The price has been going up and down for this period, and there has been a 1.42% gain for the last 2 weeks. Volume has increased on the last day by 396 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, 967 thousand shares were bought and sold for approximately $131.50 million.
The stock lies in the middle of a wide and 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 4.58% during the next 3 months and, with a 90% probability hold a price between $132.69 and $148.58 at the end of this 3-month period.
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ARES Signals & Forecast
The Ares Management LP stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $132.47 and $133.10. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, February 12, 2024, and so far it has fallen -0.81%. 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.
Support, Risk & Stop-loss for Ares Management LP stock
Ares Management LP finds support from accumulated volume at $135.55 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 $3.74 between high and low, or 2.78%. For the last week the stock has had daily average volatility of 2.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ARES) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Ares Management LP to open at $136.37, and during the day (based on 14 day Average True Range), to move between $132.74 and $139.16, which gives a possible trading interval of +/-$3.21 (+/-2.36%) up or down from last closing price. If Ares Management LP takes out the full calculated possible swing range there will be an estimated 4.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $135.55 (0.29%) than the resistance at $136.58 (0.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Ares Management LP will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.93. We will update the financials statements for Ares Management LP, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.35% in the first trading day after earnings release.
Is Ares Management LP stock A Buy?
The Ares Management LP stock holds several negative signals and despite the positive trend, we believe Ares Management LP will perform weakly 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 analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.758 Sell Candidate Downgraded
Predicted Opening Price for Ares Management LP of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $136.37 ( 0.309%) | $135.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARES
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 140.11 | 3.06 % | |
| R2 | 138.68 | 2.01 % | ||
| R1 | 137.80 | 1.36 % | ||
| Current price: | 135.95 | |||
| Support | S1 | 134.94 | -0.742 % | |
| S2 | 134.06 | -1.39 % | ||
| S3 | 132.63 | -2.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 137.06 | 0.82 % | |
| R2 | 136.71 | 0.559 % | ||
| R1 | 136.58 | 0.463 % | ||
| Current price | 135.95 | |||
| Support | S1 | 135.55 | -0.294% | |
| S2 | 134.97 | -0.721% | ||
| S3 | 134.04 | -1.40% |
ARES Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.93 | 0.699% |
| 2 | Oct 31, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.770 | 0.647% |
| 3 | Aug 01, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.770 | 0.749% |
| 4 | Apr 28, 2023 | Jun 15, 2023 | Jun 30, 2023 | $0.770 | 0.799% |
| 5 | Feb 09, 2023 | Mar 16, 2023 | Mar 31, 2023 | $0.770 | 0.92% |
FAQ
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