IEX Technical Analysis - IDEX CORP

Technical Rating and Analysis

Overall IEX gets a technical rating of 3 out of 10. In the past year, IEX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

When comparing the yearly performance of all stocks, IEX is a bad performer in the overall market: 84% of all stocks are doing better.

IEX is one of the lesser performing stocks in the Machinery industry. 69% of 130 stocks in the same industry do better.

IEX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month IEX has a been trading in the 158.19 - 170.99 range, which is quite wide. It is currently trading near the high of this range.

Prices have been consolidating recently, this may present a good entry opportunity.

The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.

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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, IEX does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 165.61, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

155.94

193.21

2 important support areas can be observed.

A support zone ranging from 161.94 to 166.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 157.52 to 158.25. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

Resistance @169.50 from a horizontal line in the daily time frame.
A resistance zone ranging from 176.70 to 178.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 190.86 to 191.30. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	DOWN	NEGATIVE	The long term trend for IEX is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for IEX is up.
ChartMill Relative Strength	16.37	NEGATIVE	IEX has a low relative strength, it was outperformed by 83.63% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of IEX is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of IEX is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of IEX is below a declining SMA(200).
Relative Strength Index/RSI (14)	53.99	NEUTRAL	The RSI value for IEX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.45	POSITIVE	The MACD value suggests IEX has a positive trend, although the MACD value is declining.
Stochastics (14,3)	74.02	NEUTRAL	The Stochastics value for IEX is a neutral value.
Average True Range in percent/ATR (20)	1.94	LOW VOLATILITY	The low ATR as a percentage value for IEX suggests low volalility.
Average Directional Index/ADX (14)	17.27	NEGATIVE	The low ADX value for IEX suggests a weak or negative trend.