IDEANOMICS INC (IDEX) Technical Analysis
NASDAQ:IDEX • US45166V2051
Current stock price
IDEX Technical Rating and Analysis
Taking everything into account, IDEX scores 0 out of 10 in our technical rating. 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.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, IDEX is a bad performer in the overall market: 95% of all stocks are doing better.
- IDEX is part of the Machinery industry. There are 131 other stocks in this industry, of which 88% are performing better than IDEX.
- IDEX is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so IDEX is lagging the market.
- In the last month IDEX has a been trading in the 0.81 - 1.08 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
IDEX Weekly and Daily overview Charts
IDEX Setup Rating and Analysis
Although the technical rating is bad, IDEX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. 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
IDEX Support and Resistance Analysis
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.
IDEX 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 | 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. |
IDEX Chart- and CandleStick Pattern Analysis
IDEX Technicals: Chart, Performance Metrics, Trend & Indicators
0.88
-0.04 (-4.36%)
IDEANOMICS INC / IDEX TA FAQ
What is the ChartMill technical rating of IDEANOMICS INC (IDEX) stock?
ChartMill assigns a technical rating of 0 / 10 to IDEX.
What is the trend direction for IDEX stock?
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.
What is the short term momentum for IDEANOMICS INC (IDEX) stock?
The short term momentum for IDEANOMICS INC (IDEX) is neutral.