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Stock Trend Analysis Report

Prepared for you on Saturday, June 22, 2024.

Ares Dynamic Credit Allocation Fund, Inc. Common Shares (NYSE:ARDC)

Countertrend Up (+85) - ARDC is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.

NYSE_ARDC
Open High Low ARDC Price Change
14.7500 14.7780 14.6059 14.6544 -0.0681
Entry Signal

MarketClub’s Trade Triangles for ARDC

long term up The long-term trend has been UP since Dec 7th, 2023 at 13.0000

intermediate term up The intermediate-term trend has been UP since May 6th, 2024 at 14.2500

short term down The short-term trend has been DOWN since Jun 21st, 2024 at 14.6097

Smart Scan Analysis for ARDC

Based on our trend formula, ARDC is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for ARDC
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.7500 14.7780 14.6059 14.6544 -0.0681
Prev. Close Volume Bid Ask Time
14.6700 82041 2024-06-21 15:57:59
Year High16.73Year High Date2018-05-21
Year Low14.71Year Low Date2018-11-27
52wk High14.9352wk High Date2024-06-10
52wk Low11.8352wk Low Date2023-10-27
Year End Close20.01Average Volume92,686
Shares Outstanding16,000Market Cap345M
Assets524,593,000MLiabilities192,478,000M
P/E Ratio9.8278Volatility9
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