Trading (ARDC) With Integrated Risk Controls
October 30, 2024, 21:00 pm ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ARDC
- Buy ARDC near 15.07 target 15.44 stop loss @ 15.03 Details
The technical summary data tells us to buy ARDC near 15.07 with an upside target of 15.44. This data also tells us to set a stop loss @ 15.03 to protect against excessive loss in case the stock begins to move against the trade. 15.07 is the first level of support below 15.12 , and by rule, any test of support is a buy signal. In this case, support 15.07 would be being tested, so a buy signal would exist.
- Short ARDC slightly under 15.44, target 15.07, stop loss @ 15.48 Details
The technical summary data is suggesting a short of ARDC as it gets near 15.44 with a downside target of 15.07. We should have a stop loss in place at 15.48though. 15.44 is the first level of resistance above 15.12, and by rule, any test of resistance is a short signal. In this case, if resistance 15.44 is being tested, so a short signal would exist.
Swing Trading Plans for ARDC
- Buy ARDC slightly over 15.44, target n/a, Stop Loss @ 15.4 Details
If 15.44 begins to break higher, the technical summary data tells us to buy ARDC just slightly over 15.44, with an upside target of n/a. The data also tells us to set a stop loss @ 15.4 in case the stock turns against the trade. 15.44 is the first level of resistance above 15.12, and by rule, any break above resistance is a buy signal. In this case, 15.44, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ARDC slightly near 15.44, target 15.07, Stop Loss @ 15.48. Details
The technical summary data is suggesting a short of ARDC if it tests 15.44 with a downside target of 15.07. We should have a stop loss in place at 15.48 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 15.44, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for ARDC
- Buy ARDC slightly over 15.44, target 15.86, Stop Loss @ 15.4 Details
If 15.44 begins to break higher, the technical summary data tells us to buy ARDC just slightly over 15.44, with an upside target of 15.86. The data also tells us to set a stop loss @ 15.4 in case the stock turns against the trade. 15.44 is the first level of resistance above 15.12, and by rule, any break above resistance is a buy signal. In this case, 15.44, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ARDC slightly near 15.44, target 15.1, Stop Loss @ 15.48. Details
The technical summary data is suggesting a short of ARDC if it tests 15.44 with a downside target of 15.1. We should have a stop loss in place at 15.48 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 15.44, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Ares Dynamic Credit Allocation Fund Inc. (ARDC) available here: ARDC.
ARDC Ratings for October 30:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
15.07 |
| P2 |
15.1 |
15.07 |
15.44 |
| P3 |
0 |
|
15.86 |
AI Generated Signals for ARDC
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for ARDC:
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