IDEX CORP (IEX) Stock Technical Analysis
NYSE:IEX • US45167R1041
We assign a technical rating of 8 out of 10 to IEX. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, IEX is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- IEX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IEX is lagging the market slightly.
- When comparing the performance of all stocks over the past year, IEX turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
- IEX is an average performer in the Machinery industry, it outperforms 46% of 131 stocks in the same industry.
- In the last month IEX has a been trading in the 193.69 - 217.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
IEX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 207.47, a Stop Loss order could be placed below this zone.
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155.95
5 important support areas can be observed.
- A support zone ranging from 205.12 to 207.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @197.00 from a trend line in the daily time frame.
- Support @167.53 from a trend line in the daily time frame.
- Support @162.38 from a horizontal line in the daily time frame.
- Support @157.53 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 209.73 to 214.59. 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 | UP | POSITIVE | The long term trend for IEX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IEX is up. |
| ChartMill Relative Strength | 69.5 | NEUTRAL | IEX is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of IEX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.95 | NEUTRAL | The RSI value for IEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.88 | NEGATIVE | The MACD value suggests IEX has a negative trend. |
| Stochastics (14,3) | 56.86 | NEUTRAL | The Stochastics value for IEX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for IEX suggests some volalility. |
| Average Directional Index/ADX (14) | 48.8 | POSITIVE | The high ADX value value for IEX suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 214.60 | 205.11 | 9.49 (4.42%) | 22.61% |
| An entry @214.60. This is a Buy Stop order right above the resistance zone. | An exit @205.11. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 9.49 points, which is 4.42%. | For a 1.00% total portfolio risk, you can invest 22.61% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
207.48
-0.38 (-0.18%)
IDEX CORP / IEX FAQ
What is the technical rating for IEX stock?
ChartMill assigns a technical rating of 8 / 10 to IEX.
Can you provide the trend direction for IDEX CORP?
The current trend direction for IDEX CORP (IEX) is Bullish.
What is the RSI signal for IEX stock?
IDEX CORP (IEX) has an RSI value of 58.9499. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for IDEX CORP?
The buy/sell signal for IDEX CORP (IEX) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for IDEX CORP (IEX) stock?
IDEX CORP (IEX) has a support level at 207.47 and a resistance level at 209.73. Check the full technical report for our detailed analysis of IEX support and resistance levels.