Amgen Stock Outlook: Bearish Earnings Forecast Could Present Long-Term Value Opportunity
$$296.32
Amgen Stock Outlook: Bearish Earnings Forecast Could Present Long-Term Value Opportunity
04 Nov 2025, 13:11
Chart & Data from IG
From a technical viewpoint, Ares Capital’s stock is currently trading at around $18.45 a share. Support below sits at $17.97 followed by $17.67 and then $16.95. $16.95 is a strong support level that was established in March, hence, a break below it could see the price fall further towards the major support sitting at $16.53 (along the white trendline). As the establishment of support has led to a move towards the upside, resistance now sits at $18.50 (50-day MA) and then at $18.78 (100-day MA). A break above the 100-day moving average may see the price rise as high as $19.50 (white oval). Looking at the technical indicators, MACD is positive and RSI is neutral as it reads 53. A factor worth noting when investing in Ares Capital is that the company offers a pretty high dividend for its investors. As of today, its dividend yield stands at 10.8% annually.