Technical Analysis for ARDC - Ares Dynamic Credit Allocation Fund, Inc.
Grade | Last Price | % Change | Price Change |
---|---|---|---|
B | 13.88 | 0.51% | 0.07 |
ARDC closed down 0.07 percent on Tuesday, April 16, 2024, on 1.24 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
ADX | Long Term | Intermediate Term | Short Term |
---|---|---|---|
Weak or Absent | Up | Flat | Down |
Date | Alert Name | Type | % Chg |
---|---|---|---|
Fell Below 50 DMA | Bearish | 0.51% | |
Hammer Candlestick | Bullish | 0.51% | |
Lizard Bullish | Bullish Day Trade Setup | 0.51% | |
Doji - Bullish? | Reversal | 0.51% | |
Strong but Oversold | Other | 0.51% | |
BB Squeeze Ended | Range Expansion | 0.51% | |
Strong, Oversold and Reversal Signs | Reversal | 0.51% | |
Below Lower BB | Weakness | 0.51% | |
Down 3 Days in a Row | Weakness | 0.51% | |
Down 4 Days in a Row | Weakness | 0.51% |
Alert | Time |
---|---|
60 Minute Opening Range Breakout | about 2 hours ago |
Rose Above 50 DMA | about 4 hours ago |
Lizard Bullish Entry | about 5 hours ago |
Hammer Candlestick Entry | about 5 hours ago |
Rose Above Previous Day's High | about 5 hours ago |
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Basic chart:
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”).
Keywords: Exchange Traded Fund ETF Bond Mortgage Backed Security Loan High Yield Debt Debt Securities Credit Collateralized Loan Obligation
Classification
Keywords: Exchange Traded Fund ETF Bond Mortgage Backed Security Loan High Yield Debt Debt Securities Credit Collateralized Loan Obligation
Indicator | Bull Case | Neutral / Hold | Bear Case |
---|---|---|---|
50 DMA | |||
200 DMA | |||
ADX Trend | |||
Oversold / Overbought | |||
Relative Strength |
Indicator | Value |
---|---|
52 Week High | 14.27 |
52 Week Low | 10.5691 |
Average Volume | 96,259 |
200-Day Moving Average | 12.63 |
50-Day Moving Average | 13.83 |
20-Day Moving Average | 14.09 |
10-Day Moving Average | 14.05 |
Average True Range | 0.14 |
RSI (14) | 37.89 |
ADX | 22.7 |
+DI | 15.02 |
-DI | 31.25 |
Chandelier Exit (Long, 3 ATRs) | 13.84 |
Chandelier Exit (Short, 3 ATRs) | 14.10 |
Upper Bollinger Bands | 14.33 |
Lower Bollinger Band | 13.86 |
Percent B (%b) | -0.1 |
BandWidth | 3.36 |
MACD Line | 0.02 |
MACD Signal Line | 0.09 |
MACD Histogram | -0.0609 |
Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
---|---|---|---|---|---|
Resistance 4 (R4) | 14.02 | ||||
Resistance 3 (R3) | 14.00 | 13.90 | 13.99 | ||
Resistance 2 (R2) | 13.90 | 13.85 | 13.92 | 13.97 | |
Resistance 1 (R1) | 13.86 | 13.82 | 13.88 | 13.88 | 13.96 |
Pivot Point | 13.76 | 13.76 | 13.78 | 13.78 | 13.76 |
Support 1 (S1) | 13.72 | 13.71 | 13.74 | 13.74 | 13.66 |
Support 2 (S2) | 13.62 | 13.68 | 13.64 | 13.65 | |
Support 3 (S3) | 13.58 | 13.62 | 13.64 | ||
Support 4 (S4) | 13.60 |