ARDELYX INC (ARDX) Stock Technical Analysis
NASDAQ:ARDX • US0396971071
Overall ARDX gets a technical rating of 6 out of 10. ARDX has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- In the last month ARDX has a been trading in the 6.73 - 8.40 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- ARDX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ARDX is lagging the market slightly.
- ARDX has an average volume of 4413510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that ARDX is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- ARDX is part of the Biotechnology industry. There are 522 other stocks in this industry, ARDX did better than 66% of them.
- Considerably lower volume is observed in the last couple of days.
ARDX has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
5.37
We found 3 important support areas.
- A support zone ranging from 6.86 to 6.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.95 from a trend line in the daily time frame.
- Support @5.42 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 7.30 to 7.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 7.74 to 7.78. This zone is formed by a combination of multiple trend lines in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ARDX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARDX is neutral. |
| ChartMill Relative Strength | 77.31 | POSITIVE | ARDX has a high relative strength, it outperformed 77.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ARDX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARDX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ARDX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.04 | NEUTRAL | The RSI value for ARDX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests ARDX has a negative trend. |
| Stochastics (14,3) | 10.7 | OVERSOLD | The low Stochastics value suggests ARDX may be oversold. |
| Average True Range in percent/ATR (20) | 5.8 | HIGH VOLATILITY | The high ATR as a percentage value for ARDX suggests high volalility. |
| Average Directional Index/ADX (14) | 28.86 | POSITIVE | The high ADX value value for ARDX suggests a strong trend. |
6.87
-0.14 (-2%)
ARDELYX INC / ARDX FAQ
What is the ChartMill technical rating of ARDELYX INC (ARDX) stock?
ChartMill assigns a technical rating of 6 / 10 to ARDX.
Can you provide the trend direction for ARDELYX INC?
The current trend direction for ARDELYX INC (ARDX) is Bullish.
What is the RSI signal for ARDELYX INC (ARDX) stock?
ARDELYX INC (ARDX) has an RSI value of 44.0385. This indicates that the stock is currently neutral.
What is the short term momentum for ARDX stock?
The short term momentum for ARDELYX INC (ARDX) is neutral.
What is the support and resistance level for ARDX stock?
ARDELYX INC (ARDX) has a support level at 6.86 and a resistance level at 7.3. Check the full technical report for our detailed analysis of ARDX support and resistance levels.