ARDX Forecast + Trading Strategies


Bullish Case: ARDX shows resilience with a 3.2% increase in a week and a 64.2% increase over a year, signaling investor confidence that could further boost the price short-term.


Bearish Case: ARDX has declined by 12.2% in a month and 18.2% in ninety days amidst high volatility and bearish option activity, hinting at potential further correction.


Potential Outcomes:

1) Earnings beat causing rally: 40%.

2) Earnings miss leading to drop: 35%.

3) News on strategic collaborations: 15%.

4) Buyout speculation or insider trading: 10%.


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April 12, 2024


Ardelyx Forecast

ARDX        Ardelyx
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with ARDX



ASND Forecast + Options Trading Strategies   ASND  Ascendis Pharma (0.9)


KD Forecast + Options Trading Strategies   KD  Kyndryl (0.88)


WIX Forecast + Options Trading Strategies   WIX  Wix.com (0.87)


REGN Forecast + Options Trading Strategies   REGN  Regeneron Pharmaceuticals (0.86)


MELI Forecast + Options Trading Strategies   MELI  MercadoLibre (0.86)



Uncorrelated Stock Forecasts

Assets with little price relationship to ARDX



W Forecast + Options Trading Strategies   W  Wayfair (-0.0)


REM Forecast + Options Trading Strategies   REM  iShares Mortgage Real Est (0.0)


NOG Forecast + Options Trading Strategies   NOG  Northern Oil and Gas (0.01)


BLV Forecast + Options Trading Strategies   BLV  Vanguard Group, Inc. - Vanguard Long-Term Bond (0.01)


LITE Forecast + Options Trading Strategies   LITE  Lumentum (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against ARDX



CORN Forecast + Options Trading Strategies   CORN  Teucrium Corn (-0.81)


TMV Forecast + Options Trading Strategies   TMV  Direxion Daily 20+ Year Treasury Bear 3X Shares (-0.81)


VXX Forecast + Options Trading Strategies   VXX  iPath Series B S&P 500 VIX Short-Term Futures (-0.81)


GOGO Forecast + Options Trading Strategies   GOGO  Gogo (-0.82)


MESO Forecast + Options Trading Strategies   MESO  Mesoblast (-0.84)





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