Trend Table for ARCC - Ares Capital Corporation - Closed End Fund

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 18	B	Strong	Up	Up	Up	14.27%
Dec 15	B	Strong	Up	Up	Flat	15.27%
Dec 14	B	Strong	Up	Up	Up	14.33%
Dec 13	A	Strong	Up	Up	Up	14.39%
Dec 12	A	Weak or Absent	Up	Up	Up	14.90%
Dec 11	A	Weak or Absent	Up	Up	Up	15.24%
Dec 8	A	Weak or Absent	Up	Up	Up	15.13%
Dec 7	A	Weak or Absent	Up	Up	Up	15.94%
Dec 6	A	Weak or Absent	Up	Up	Down	17.29%
Dec 5	A	Weak or Absent	Up	Up	Flat	16.88%