Overall IDEX gets a technical rating of 0 out of 10. IDEX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, IDEX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.81, a Stop Loss order could be placed below this zone.
More info and screens
0.78
When analyzing the support we notice one important area.
- A support zone ranging from 0.79 to 0.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 0.90 to 0.91. 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 0.93 to 0.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for IDEX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IDEX is neutral. |
| ChartMill Relative Strength | 5.26 | NEGATIVE | IDEX has a low relative strength, it was outperformed by 94.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IDEX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IDEX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IDEX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.99 | NEUTRAL | The RSI value for IDEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests IDEX has a negative trend. |
| Stochastics (14,3) | 40.54 | NEUTRAL | The Stochastics value for IDEX is a neutral value. |
| Average True Range in percent/ATR (20) | 8.16 | HIGH VOLATILITY | The high ATR as a percentage value for IDEX suggests high volalility. |
| Average Directional Index/ADX (14) | 13.71 | NEGATIVE | The low ADX value for IDEX suggests a weak or negative trend. |
0.88
-0.04 (-4.36%)
IDEANOMICS INC / IDEX FAQ
What is the ChartMill technical rating of IDEANOMICS INC (IDEX) stock?
ChartMill assigns a technical rating of 0 / 10 to IDEX.
Can you provide the trend direction for IDEANOMICS INC?
The current trend direction for IDEANOMICS INC (IDEX) is Bearish.
Can you provide the RSI signal for IDEANOMICS INC?
IDEANOMICS INC (IDEX) has an RSI value of 42.9872. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for IDEANOMICS INC?
IDEANOMICS INC (IDEX) has a support level at 0.81 and a resistance level at 0.9. Check the full technical report for our detailed analysis of IDEX support and resistance levels.