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

Grade Last Price % Change Price Change
grade D 13.99 -0.36% -0.05
ARDC closed down 0.36 percent on Tuesday, December 18, 2018, on 1.34 times normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Down Down
See historical ARDC trend table...

Date Alert Name Type % Chg
Dec 18 New 52 Week Closing Low Bearish 0.00%
Dec 18 Lower Bollinger Band Walk Weakness 0.00%
Dec 18 New 52 Week Low Weakness 0.00%
Dec 18 Below Lower BB Weakness 0.00%
Dec 18 Down 3 Days in a Row Weakness 0.00%
Dec 18 Down 4 Days in a Row Weakness 0.00%
Dec 18 Lower Bollinger Band Touch Weakness 0.00%
Dec 18 Oversold Stochastic Weakness 0.00%
Dec 17 New 52 Week Closing Low Bearish -0.36%
Dec 17 Lower Bollinger Band Walk Weakness -0.36%

Older signals for ARDC ...

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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”).
Is ARDC a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Recent News
Date Title
Dec 10 U.S. junk bonds decline amid trade uncertainty, oil rebound
Dec 7 Ares Dynamic Credit Allocation Fund At A 15.1% Discount To NAV
Dec 7 JPMorgan sees latest sell-off overpricing recession risk
Nov 21 High-yield market ponders GE as the gorilla
Nov 18 The Chemist's Quality Closed-End Fund Report - October 2018: This Senior Loan Fund Has Increasing NII And Great Coverage
Oct 31 Corporate debt levels and default rates diverge
Oct 23 Junk bonds outpace S&P 500 this half on a solid October
Oct 11 Junk bond investors pull cash as yield hits two-year peak
Sep 28 Riskiest of junk bonds on pace for three-year winning streak
Sep 27 Energy company bonds rally as firms capitalize on rising oil prices
See more ARDC news...
Indicators
Indicator Value
52 Week High 16.73
52 Week Low 13.94
Average Volume 114,960
200-Day Moving Average 15.8343
50-Day Moving Average 14.978
20-Day Moving Average 14.6185
10-Day Moving Average 14.395
Average True Range 0.1686
ADX 38.51
+DI 12.0985
-DI 39.9653
Chandelier Exit (Long, 3 ATRs ) 14.6742
Chandelier Exit (Short, 3 ATRs ) 14.4458
Upper Bollinger Band 15.1889
Lower Bollinger Band 14.0481
Percent B (%b) -0.05
BandWidth 7.80381
MACD Line -0.2548
MACD Signal Line -0.1939
MACD Histogram -0.0609
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 14.22
Resistance 3 (R3) 14.22 14.16 14.18
Resistance 2 (R2) 14.16 14.10 14.15 14.16
Resistance 1 (R1) 14.07 14.06 14.04 14.07 14.15
Pivot Point 14.01 14.01 13.99 14.00 14.01
Support 1 (S1) 13.92 13.95 13.89 13.92 13.83
Support 2 (S2) 13.86 13.91 13.85 13.82
Support 3 (S3) 13.77 13.86 13.80
Support 4 (S4) 13.77