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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Ares Dynamic Credit Allocation Fund, Inc. Common Shares (NYSE:ARDC)
Long-Term Uptrend (+90) - ARDC is in a strong uptrend that is likely to continue. While ARDC is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid ARDC?
MarketClub looks at technical strength and momentum to determine if the timing is right for ARDC.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ARDC
The long-term trend has been UP since Dec 7th, 2023 at 13.00
The intermediate-term trend has been UP since May 6th, 2024 at 14.25
The short-term trend has been UP since May 1st, 2024 at 13.97
Smart Scan Analysis for ARDC
Based on our trend formula, ARDC is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 14.5100 | 14.5500 | 14.4600 | 14.4801 | -0.0399 |
| Prev. Close | Volume | Bid | Ask | Time |
| 14.5200 | 53496 | 2024-05-09 15:26:26 |
| Year High | 16.73 | Year High Date | 2018-05-21 |
| Year Low | 14.71 | Year Low Date | 2018-11-27 |
| 52wk High | 14.57 | 52wk High Date | 2024-05-08 |
| 52wk Low | 11.56 | 52wk Low Date | 2023-05-25 |
| Year End Close | 20.01 | Average Volume | 95,236 |
| Shares Outstanding | 16,000 | Market Cap | 345M |
| Assets | 524,593,000M | Liabilities | 192,478,000M |
| P/E Ratio | 9.6159 | Volatility | 9 |