RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ARDX
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Red day on Wednesday for Ardelyx stock after losing 1.23%
(Updated on Jul 24, 2024)

Sell candidate since Jul 17, 2024 Loss -2.26% PDF

The Ardelyx stock price fell by -1.23% on the last day (Wednesday, 24th Jul 2024) from $5.69 to $5.62. During the last trading day the stock fluctuated 2.96% from a day low at $5.58 to a day high of $5.75. The price has risen in 6 of the last 10 days and is up by 1.08% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -673 thousand shares and in total, 2 million shares were bought and sold for approximately $10.58 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -24.67% during the next 3 months and, with a 90% probability hold a price between $3.54 and $5.46 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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ARDX Signals & Forecast

There are mixed signals in the stock today. The Ardelyx stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $5.71 and $6.12. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, July 02, 2024, and so far it has risen 6.44%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Ardelyx stock

Ardelyx finds support from accumulated volume at $5.56 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.165 between high and low, or 2.96%. For the last week, the stock has had daily average volatility of 4.13%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ARDX) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Ardelyx to open at $5.65, and during the day (based on 14 day Average True Range), to move between $5.24 and $6.00, which gives a possible trading interval of +/-$0.375 (+/-6.68%) up or down from last closing price. If Ardelyx takes out the full calculated possible swing range there will be an estimated 13.36% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $5.56 (1.07%) than the resistance at $5.95 (5.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Earnings coming up

Ardelyx will release earnings AMC on Thursday, August 01, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.100. We will update the financials statements for Ardelyx, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.20% in the first trading day after earnings release.

Is Ardelyx stock A Buy?

Ardelyx holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

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Current score: -1.938 Sell Candidate Unchanged

Predicted Opening Price for Ardelyx of Thursday, July 25, 2024

Fair opening price July 25, 2024 Current price
$5.65 ( 0.504%) $5.62

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ARDX

Fibonacci Support & Resistance Levels

Level Price
R3 5.81 3.44%
R2 5.75 2.32%
R1 5.71 1.63%
Price 5.62
S1 5.59 -0.617%
S2 5.55 -1.31%
S3 5.48 -2.43%

Accumulated Volume Support & Resistance Levels

Level Price
R3 6.61 17.62%
R2 6.46 14.95%
R1 5.95 5.87%
Price 5.62
S1 5.56 -1.07%
S2 5.32 -5.34%
S3 5.28 -6.05%

FAQ

What is the symbol for Ardelyx Stock and on which exchange is it traded?
The symbol for Ardelyx is ARDX and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Ardelyx Stock?
Ardelyx holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Ardelyx Stock?
Ardelyx Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Ardelyx Stock.

What's the current price of Ardelyx Stock?
As of the end of day on the Jul 24, 2024, the price of an Ardelyx (ARDX) share was $5.62.

What is the 52-week high and low for Ardelyx Stock?
The 52-week high for Ardelyx Stock is $10.13 and the 52-week low is $3.16.

What is the market capitalization of Ardelyx Stock?
As of the Jul 24, 2024, the market capitalization of Ardelyx is 1.315B.

When is the next earnings date for Ardelyx?
The upcoming earnings date for Ardelyx is Aug 01, 2024.
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About Ardelyx

Ardelyx Ardelyx, Inc., a biopharmaceutical company, discovers, develops, and commercializes medicines to treat gastrointestinal and cardiorenal therapeutic areas in the United States and internationally. The company's lead product candidate is tenapanor, which has completed Phase III clinical trial for the treatment of patients with irritable bowel syndrome with constipation, as well as in Phase III clinical trial to control serum phosphorus in adult pat... ARDX Profile

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