Ares Capital trades at $19.33, after ending yesterday at $19.32.
- United States Consumer Confidence is next.
Earlier data releases related to Ares Capital – United States S&P/CS HPI Composite – 20 n.s.a. (YoY) (Sep) released today at 14:00 UTC with a figure of 10.4, while the previous figure was 13.1. United States CFTC Crude Oil speculative net positions released yesterday at 19:30 UTC with a figure of 252,500, while the previous figure was 278,300.
Technical analysis of Ares Capital before data is released:
Ares Capital Corporation's upper Bollinger Band® is at $19.79, suggesting that a downward move may follow. In contrast, Ares Capital is approaching key support, around 21 cents away from $19.12. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.
Despite the market lacking direction, technical chart analysis strongly suggests Ares Capital is positioned for a downward move in the near term.
Coming up for Ares Capital — United States Pending Home Sales is projected to outperform its last figure with -5%, having previously been at -10.2%. The figure will be published tomorrow at 15:00 UTC. United States Crude Oil Inventories is projected to outperform its last figure with -2.49 million. It previously stood at -3.69 million; data will be released tomorrow at 15:30 UTC.
As the markets get ready for more data to be released — HSBC Holdings gained 4.23%, currently at $30.52. After closing the previous session (yesterday) at $98.64, Royal Bank Of Canada lost 84 cents and is trading around $97.8. Visa Inc. is down to $209.6, losing 0.79%, after ending yesterday at $211.26.
The stock has been trending positively for about 2 months. The business development company has recovered 14.73% since descending to a significant low of $16.84 around 2 months ago.