The Hourly View for ARCC
Currently, ARCC (Get Ratings)’s price is down $-0.13 (-0.65%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
ARCC ranks 76th in terms of today’s price percentage change out of Trading stocks.
ARCC’s Technical Outlook on the Daily Chart
At the time of this writing, ARCC’s price is up $0.06 (0.29%) from the day prior. The daily chart shows that ARCC has seen 2 straight up days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Ares Capital Corp’s price action over the past 90 days can be seen via the chart below.
<ARCC's volume of shares traded is 1195216; this is 32.01% lower than that of its 7 day average.
ARCC: Daily RSI Analysis
- ARCC’s RSI now stands at 95.438.
- ARCC and RSI both have consistent trends, as they are both heading up.
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The post Ares Capital Corp (ARCC): Price Up $0.06 (0.29)% Over Past Day, Down $-0.13 (-0.65)% Over Past Hour appeared first on ETF Daily News.