Ardelyx Forecast and Stock Analysis
Technical ARDX stock analysis for April 25, 2019.
Ardelyx gained 0.61% in the last trading day, rising from $3.30 to $3.32 The price has been going up and down for this period, and there has been a -9.78% loss for the last 2 weeks. Volume fell in the last day by -248 470 shares, and in total, 83 353 shares bought and sold for approximately $276 732.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Thursday, 25th Apr 2019) of the ARDX stock was $3.32. This is 0.61% more than the trading day before Wednesday, 24th Apr 2019.
During day the stock fluctuated 4.31% from a day low at $3.25 to a day high of $3.39.
30 day high of the ARDX stock price was $3.90 and low was $2.73.
90 day high was $3.90 and low was $1.96.
52 week high for the Ardelyx - $5.90 and low - $1.60.
Ardelyx lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $3.19 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 57.13% during the next 3 months and, with 90% probability hold a price between $5.02 and $6.16 at the end of this period.
Ardelyx holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $3.43. On a fall, the stock will find some support from the long-term average at approximately $3.29. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Wednesday April 24, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
RSI14 is 57 and the stock is currently not being overbought or oversold
Support & Resistance
Ardelyx finds support from accumulated volume at $3.31.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.14 between high and low, or 4.31%. For the last week the stock has had a daily average volatility of 6.21%.
Our recommended stoploss: $3.11 (-6.27%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.
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|ARDX $3.32 ($0.02 0.61%)|
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