Ares Capital is in the midst of a 4 day downtrend. Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. After closing the previous trading day at $18.54, Ares Capital is up to $18.58, which makes for a move of 0.21%/3.9 cents today.

Ares Capital's uptick comes amid good United States macroeconomic data released during the day — highly important Retail Sales data from United States beat analyst expectations of -0.1% with a reading of 0.3%.

Ares Capital's uptick comes amid disappointing United States macroeconomic data released during the session – new United States Initial Jobless Claims data fell short of the 250,000 projected by analysts with a reading of 262,000 while failing to improve upon the previous reading from last month (262,000).

Meanwhile, United States Philadelphia Fed Manufacturing Index (Jun) released today at 12:30 UTC with a figure of -13.7, while the previous figure was -10.4.

Technical analysis trend indicators suggest that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. Analysis based on the asset volatility indicates that Ares Capital's lower Bollinger Band® is at $18.48, indicating that the market is oversold and fertile for new buyers. As the day gets underway, chart analysis suggests Ares Capital is 6 cents away from testing key resistance at $18.64. Peaking above this level could inspire market bulls and open the path to further gains.

With market volatility ebbing, the current technical outlook indicates Ares Capital will remain range-bound for the immediate future.

Meanwhile, after closing the previous session (yesterday) at $174.47, American Express lost $4.21 and is trading around $170.26. Mastercard is down to $371.39, losing 0.9%, after ending yesterday at $374.76.

The stock has been trending positively for about 2 months. The past 3 months have been positive for the business development company as it added 3.92% compared to its 3-month low of $16.84.