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ARDC
ETF ticker: NYSE
AS OF
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Price
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Net Assets
323.33M

ARDC Price Prediction, Ares Dynamic Credit Allocation Fund AI Recommendations

ETF market charts, price targets, analyst ratings and a financial calendar

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for ARDC with price predictions
07:00 PM EST Nov 29, 2023

ARDC in upward trend: 10-day moving average crossed above 50-day moving average on November 10, 2023

The 10-day moving average for ARDC crossed bullishly above the 50-day moving average on November 10, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 29, 2023. You may want to consider a long position or call options on ARDC as a result. In of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for ARDC just turned positive on November 01, 2023. Looking at past instances where ARDC's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .

ARDC moved above its 50-day moving average on November 03, 2023 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ARDC advanced for three days, in of 315 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ARDC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for ARDC entered a downward trend on November 06, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

Ares Dynamic Credit Allocation Fund Inc is a closed-end, diversified management investment company. The fund's investment objective is to provide an attractive level of total return, through current income and, secondarily, through capital appreciation. The Fund invests in a broad, dynamically managed portfolio of senior secured loans (Senior Loans) made to companies whose debt is rated below investment grade; corporate bonds (Corporate Bonds) that are high yield issues rated below investment grade; other fixed-income instruments of a similar nature that may be represented by derivatives; and securities of collateralized loan obligations (CLOs).
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published General Information

General Information

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ARDC and

Correlation & Price change

A.I.dvisor indicates that over the last year, ARDC has been loosely correlated with JFR. These tickers have moved in lockstep 63% of the time. This A.I.-generated data suggests there is some statistical probability that if ARDC jumps, then JFR could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ARDC
1D Price
Change %
ARDC100%
+0.31%
JFR - ARDC
63%
Loosely correlated
-0.13%
JQC - ARDC
63%
Loosely correlated
+0.20%
BKLN - ARDC
50%
Loosely correlated
+0.10%
SRLN - ARDC
49%
Loosely correlated
+0.05%
FTSL - ARDC
49%
Loosely correlated
-0.07%
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