After-hours trading leads Ares Capital to drop to $18.71 (a 0.58% change) after ending Friday at $18.82

Friday at a glance: bullish sentiment helped the financial solutions provider to hammer out a noteworthy $18.63 to $18.85 range Friday, and finally closing at $18.82 to end the session.

Ares Capital's notable support and resistance levels: Ares Capital Corporation could be slowing down soon as it approaches resistance at $18.9. Of course, crossing it might suggest further gains are ahead. Trend and momentum analysis indicates that Ares Capital made an initial breakout above its 200 day Simple Moving Average at $18.83, a potential indicator of a newly emerging bullish phase. Analysis based on the asset volatility indicates that Bollinger Band® analysis indicates that current price action is approaching the upper band at $19.03, thereby suggesting that Ares Capital is becoming overvalued.

Overall, while Ares Capital has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

This rally in Ares Capital's share price coincided with other financials stocks as American Express added 4.08% to its value, and traded at $157.24. Goldman Sachs gained 2.51%, as it traded at $332. The Blackstone Group Inc. was up 2.6%.

The stock has been trending positively for about 2 months. After hitting an important low of $16.84 approximately 7 months ago, the financial solutions provider has bounced back 10.87% since.