Why Traders Need To Pay Attention To The Technical Chart Data For Central Garden & Pet Company (CENT) and Ares Management Corporation (ARES)

    Central Garden & Pet Company (NASDAQ:CENT) traded at an unexpectedly high on Friday, posting a 1.93% after which it closed the day’ session at $26.38. The results of the trading session contributed to over 122560 shares changing hands. Shocker? The volume performance for the stock on the day in question is unusually high, especially when matched against average 119310.0. Traders can make of these figures one thing: sentiment in terms of actual shares traded is heating up. Things couldn’t be clearer about what the analysts think about the potential movement of the stock.

    What Analysts Are Saying And Expect

    The price target set for the Central Garden & Pet Company (CENT) is $26.50 and this sets up an interesting set of potential movement for the stock. Based on current valuation, the price target means that analysts expect the stock to move 0.45%. The target price is an amalgamation of differing takes on what the stock will do over time.

    Argus for instance, Downgrade the stock on November 29, 2019 whilst BofA/Merrill issued a Downgrade the stock on November 27, 2019. SunTrust Downgrade coverage for the stock on August 02, 2019 and KeyBanc Capital Mkts issued a Initiated the stock on October 11, 2018. KeyBanc Capital Mkts also Upgrade the stock on January 23, 2018.

    All these opinions have come together to present the composite price target for the stock. Traders should keep an eye on these opinions.

    The technical setup for the stock is informed by some strong movement data that has occurred over the past several months The stock is down on the following periods of measurement of performance. On a weekly basis, the stock is -14.32%. On a monthly basis the stock is -12.33%. The quarterly performance for the stock is -0.15%, while the half-yearly performance is -7.99%. The stock’s beta is -0.13 whilst the stock has an average true range (ATR) of 1.10. Other technical indicators are worth considering in assessing the prospects for CENT. RSI for instance is currently at 29.26. The stock has seen a fall-off on its SMA 50 which is now -11.25%. In looking the SMA 200 we see that the stock has seen a -6.42%.

    Ares Management Corporation (NYSE:ARES)

    Ares Management Corporation (ARES) traded at an unexpectedly low on Friday, posting a 0.12% after which it closed the day’ session at $33.09. The results of the trading session contributed to over 122594 shares changing hands. Surprise? The volume performance for the stock on the day in question is unusually low, especially when matched against average 629.21K. Traders can make of these figures one thing: sentiment in terms of actual shares traded is cooling down. ARES has certainly shown an interesting set of movements, but what is the outlook from analysts. Quite interesting in fact.

    What Analysts Are Saying And Expect

    The price target set for the Ares Management Corporation (ARES) is $34.15 and this sets up an interesting set of potential movement for the stock. Based on current valuation, the price target means that analysts expect the stock to move 3.1%. The target price is an amalgamation of differing takes on what the stock will do over time.

    BMO Capital Markets for instance, Initiated the stock on October 08, 2019 whilst Barclays issued a Initiated the stock on August 05, 2019. Wells Fargo Upgrade coverage for the stock on August 21, 2018 and Jefferies issued a Initiated the stock on June 28, 2018. Oppenheimer also Initiated the stock on May 01, 2018.

    All these opinions have come together to present the composite price target for the stock. Traders should keep an eye on these opinions.

    The deeper technical indicators have offered up some solid data for traders The stock is up on the following periods of measurement of performance. On a weekly basis, the stock is 2.83%. On a monthly basis the stock is 11.30%. The quarterly performance for the stock is 13.71%, while the half-yearly performance is -7.99%. The stock’s beta is 1.51 whilst the stock has an average true range (ATR) of 0.88. Other technical indicators are worth considering in assessing the prospects for ARES. RSI for instance is currently at 66.15. The stock has seen a uptick on its SMA 50 which is now 12.27%. In looking the SMA 200 we see that the stock has seen a 22.60%.