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ARCC Stock Tickeron detected bullish Stock Pattern: Head-and-Shoulders Bottom ARCC on April 26, 2024, netting in a 6.65% gain over 1 month

A.I.dvisor
at Tickeron.com
06/04/24
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+6.65% Gain from a Successful pattern Head-and-Shoulders Bottom
ARCC - Ares Capital Corp
Ticker: ARCC
Company: Ares Capital
Gain: +6.65%
Confirmed: 04/26/24
Succeeded: 06/04/24
Total length: 50 days
On April 15, 2024, A.I.dvisor detected a Head-and-Shoulders Bottom Pattern (Bullish) for Ares Capital Corp (ARCC, $20.24). On April 26, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $21.66. 39 days later, on June 04, 2024, ARCC reached the target price resulting in a for traders who took a long position in the stock.

ARCC's RSI Indicator recovers from oversold territory

The RSI Indicator for ARCC moved out of oversold territory on August 06, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 16 similar instances when the indicator left oversold territory. In of the 16 cases the stock moved higher. This puts the odds of a move higher at .

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General Information

a private equity fund

Industry InvestmentManagers

Profile
Fundamentals
Details
Industry
N/A
Address
245 Park Avenue
Phone
+1 212 750-7300
Employees
2800
Web
https://www.arescapitalcorp.com