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Ares Dynamic Credit Allocation Fund (ARDC)

On close of Monday trading session, Ares Dynamic Credit Allocation Fund (ARDC) spotted a change of -0.14% and settled at the share price of $14.68. ARDC stock observed the trading of 63288 shares, while an average trading volume registered with 82.79K shares. Volume can offer useful information when day trading. If for nothing else, use volume to help isolate stocks you want to day trade. Ideally, your day-trading stocks should have lots of average volume so you can enter and exit easily.

Volume can also be used to analyze the trend of a stock, helping to assess the likelihood that the trend will continue to reverse. Volume analysis isn’t perfect and it offers only supplemental information, so you don’t need to feel pressured to start analyzing volume to day trade successfully.

The stock recorded 0.70% monthly volatility. For the last week, the stock has an average volatility of 0.81%. 36.46% shares are owned by institutional investors.

Shares of Ares Dynamic Credit Allocation Fund (ARDC) have been seen trading -2.12% away from the 200-day moving average and -0.66% off the 50-day moving average while -0.19% off the 20-day moving average. One of the widely used tools is the simple moving averages. When the price of the stock rises above the moving average, it’s a buy signal, and when the price falls below the moving average, it is a sell signal. The stock is currently trading -5.17% away from the 52-week high and separated 12.32% from the 52-week low.

Presently RSI indicator value is noted at 44.66. RSI compares the magnitude of recent gains to recent losses to see if an asset is oversold or overbought. RSI is plotted on a scale of 0-100. Generally, if it is above 70, the stock is considered overbought and so one can look to sell it. Similarly, an RSI of less than 30 indicates the stock is oversold and can be bought.

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