Technical Analysis for ARDC - Ares Dynamic Credit Allocation Fund, Inc.

Grade Last Price % Change Price Change
grade C 11.9 1.10% 0.13
ARDC closed up 1.1 percent on Monday, June 1, 2020, on 44 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up
Historical ARDC trend table...

Date Alert Name Type % Chg
Upper Bollinger Band Walk Strength 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Up 5 Days in a Row Strength 0.00%
Pocket Pivot Bullish Swing Setup 1.10%
Upper Bollinger Band Walk Strength 1.10%
Above Upper BB Strength 1.10%
Overbought Stochastic Strength 1.10%

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Profile

The Fund will seek to achieve its investment objective by investing primarily in a broad, dynamically managed portfolio of (i) secured loans (“Senior Loans”) made primarily to companies whose debt is rated below investment grade; (ii) corporate bonds (“Corporate Bonds”) that are expected to be primarily high yield issues rated below investment grade; and (iii) debt securities issued by entities commonly referred to, and referred to herein, as collateralized loan obligations (“CLOs”, and such debt securities, “CLO Debt Securities”).
Exchange Traded Fund ETF Bond Security Loans High Yield Debt Mortgage Backed Security Credit Collateralized Loan Obligation

Is ARDC a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 15.91
52 Week Low 8.1016
Average Volume 150,453
200-Day Moving Average 13.82
50-Day Moving Average 10.75
20-Day Moving Average 11.07
10-Day Moving Average 11.35
Average True Range 0.25
ADX 17.78
+DI 38.95
-DI 15.30
Chandelier Exit (Long, 3 ATRs ) 11.20
Chandelier Exit (Short, 3 ATRs ) 11.27
Upper Bollinger Band 11.77
Lower Bollinger Band 10.37
Percent B (%b) 1.1
BandWidth 12.60
MACD Line 0.20
MACD Signal Line 0.09
MACD Histogram 0.1134
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 12.17
Resistance 3 (R3) 12.16 12.05 12.13
Resistance 2 (R2) 12.05 11.98 12.06 12.11
Resistance 1 (R1) 11.98 11.94 12.02 11.99 12.09
Pivot Point 11.87 11.87 11.89 11.88 11.87
Support 1 (S1) 11.80 11.80 11.84 11.81 11.71
Support 2 (S2) 11.69 11.76 11.70 11.69
Support 3 (S3) 11.62 11.69 11.68
Support 4 (S4) 11.63