ARDX Technical Analysis - ARDELYX INC

Technical Rating and Analysis

Taking everything into account, ARDX scores 2 out of 10 in our technical rating. ARDX has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

ARDX has an average volume of 3352750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

When compared to the yearly performance of all other stocks, ARDX outperforms 55% of them, which is more or less in line with the market.

ARDX is part of the Biotechnology industry. There are 534 other stocks in this industry, ARDX did better than 54% of them.

ARDX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ARDX is lagging the market.

In the last month ARDX has a been trading in the 4.71 - 6.14 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, ARDX does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 5.16. Right above this resistance zone may be a good entry point.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.88

6.44

2 important support areas can be observed.

A support zone ranging from 5.08 to 5.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 4.93 to 4.93. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

A resistance zone ranging from 5.16 to 5.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @6.38 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for ARDX is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ARDX is down.
ChartMill Relative Strength	55.63	NEUTRAL	ARDX is not amongst the best or worst performers 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)	DOWN	NEGATIVE	The current price of ARDX is below a declining 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)	40.26	NEUTRAL	The RSI value for ARDX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests ARDX has a positive trend.
Stochastics (14,3)	68.72	NEUTRAL	The Stochastics value for ARDX is a neutral value.
Average True Range in percent/ATR (20)	4.16	MEDIUM VOLATILITY	The ATR as a percentage value for ARDX suggests some volalility.
Average Directional Index/ADX (14)	43.98	POSITIVE	The high ADX value value for ARDX suggests a strong trend.