Ares Management Jumps 3.23% as Bullish Signals Align Across Technical Indicators

Ares Management (ARES) has demonstrated notable strength in the most recent session, advancing 3.23% to close at $184.71. This marks the second consecutive day of gains, with the stock climbing 5.51% over this period, reflecting renewed bullish momentum.
Candlestick Theory
Recent candlestick patterns show a bullish reversal signal. The September 9–11 sessions formed a "Morning Star" pattern: a long bearish candle (Sep 9) was followed by a small indecisive candle (Sep 10), and then a strong bullish candle (Sep 11). This indicates a potential trend reversal. Key support is established at $175.02 (Sep 10 low), while resistance lies at $185.14 (Sep 11 high). A decisive break above $185.14 could signal further upside.
Moving Average Theory
The 50-day moving average (MA) currently intersects the 100-day MA near $175, creating a dynamic support zone. The 200-day MA at $165 anchors the long-term bullish structure. Price action above all three MAs suggests sustained upward momentum. Confluence is observed at $175, where the 50-day and 100-day MAs converge with the September 10 low, reinforcing this level as critical support.
MACD & KDJ Indicators
MACD shows a bullish crossover as the MACD line (short-term) crosses above the signal line, supported by rising histogram bars. KDJ oscillators are recovering from oversold territory; the K-line (46) and D-line (40) are trending upward but remain below overbought thresholds. This alignment suggests nascent bullish momentum. A minor divergence occurred on September 5 when price made a higher low while MACD recorded a lower low, now resolved by recent strength.
Bollinger Bands
Bollinger Bands expanded sharply during the September 11 rally, indicating heightened volatility. Price closed near the upper band ($186), signaling bullish strength. Prior band contraction in early September preceded this breakout. The breakout is technically validated as it occurred alongside rising volume.
Volume-Price Relationship
Volume surged 17.4% on September 11 relative to the prior session, confirming bullish conviction. The two-day rally saw 33% higher volume than the preceding five days, underscoring buyer commitment. Notable volume spikes coincided with key reversals: a capitulation event on April 21 (157% above average) marked the long-term low, while the August 18 peak (38% above average) preceded consolidation.
Relative Strength Index (RSI)
RSI(14) currently reads 56, neutral but rising from oversold conditions (<30) observed in late August. While RSI suggests room for upward movement before overbought territory (>70), its warning nature warrants monitoring for potential divergence. The recent recovery from oversold aligns with bullish price action.
Fibonacci Retracement
Applying Fibonacci to the recent swing low ($175.02 on September 10) and swing high ($190.60 on August 18) reveals key levels. The 38.2% retracement ($184.65) was breached on September 11, with closing price ($184.71) positioning just above it. This level now acts as support. The 50% retracement ($182.81) aligns with the September 8 low, reinforcing support confluence. The 61.8% level ($180.97) further strengthens the support zone.
Confluence and Outlook
Significant confluence exists at $175, merging the 50/100-day MAs, psychological support, and the September 10 low. The MACD-KDJ synchronization, volume-backed breakout above $182.81 (50% Fibonacci), and decisive close above the 38.2% retracement collectively suggest bullish continuation potential. Near-term resistance at $185.14 remains critical; a sustained breach could target the 23.6% retracement ($186.92). Divergences have resolved, and multiple indicators align for upside bias, though volatility warrants caution if $175 support fails.