ASND Forecast


Bullish Case: Strong anticipation of U.S. drug approval by mid-2024 could catalyze a significant rally. Historical resilience and rapid recent price uptrend; backed by analyst upgrades and upgraded earnings forecasts reflect a robust outlook.


Bearish Case: Potential regulatory setbacks or a delayed FDA approval could dampen investor sentiment. Elevated market expectations create risk of sharp corrections if actual outcomes underperform, amidst high implied volatility indicating expected pivotal events.


Potential Outcomes:

1. US FDA approval by mid-2024: 65% probability causing a surge in ASND's stock price.

2. Delayed approval in H2 2024: 30% probability with a potential drop.

3. Outright rejection: 5% probability, potentially leading to significant declines.


Trading Oracle: Sign Up to access trading oracle trade ideas.


April 24, 2024


Ascendis Pharma Forecast

ASND        Ascendis Pharma
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with ASND



REGN Forecast + Options Trading Strategies   REGN  Regeneron Pharmaceuticals (0.9)


ARDX Forecast + Options Trading Strategies   ARDX  Ardelyx (0.9)


KD Forecast + Options Trading Strategies   KD  Kyndryl (0.89)


WIX Forecast + Options Trading Strategies   WIX  Wix.com (0.89)


IBM Forecast + Options Trading Strategies   IBM  International Business Machines (0.88)



Uncorrelated Stock Forecasts

Assets with little price relationship to ASND



MBB Forecast + Options Trading Strategies   MBB  BTC iShares MBS (-0.0)


SILJ Forecast + Options Trading Strategies   SILJ  ETF Managers Group LLC - ETFMG Prime Junior Silver Miners (0.0)


F Forecast + Options Trading Strategies   F  Ford Motor (-0.0)


SIRI Forecast + Options Trading Strategies   SIRI  Sirius XM (0.0)


PGNY Forecast + Options Trading Strategies   PGNY  Progyny (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against ASND



DXD Forecast + Options Trading Strategies   DXD  ProShares UltraShort Dow30 (-0.83)


UVXY Forecast + Options Trading Strategies   UVXY  ProShares Ultra VIX Short-Term Futures (-0.84)


GOGO Forecast + Options Trading Strategies   GOGO  Gogo (-0.84)


CORN Forecast + Options Trading Strategies   CORN  Teucrium Corn (-0.84)


VXX Forecast + Options Trading Strategies   VXX  iPath Series B S&P 500 VIX Short-Term Futures (-0.85)





Become a more profitable investor with AI optimized trading strategies






×

Chat with ASND


 Ask any question about ASND!