IDEX CORP (IEX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:IEX - US45167R1041 - Common Stock
Overall IEX gets a technical rating of 7 out of 10. Although IEX is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although IEX has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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155.94
3 important support areas can be observed.
- A support zone ranging from 173.59 to 180.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 161.94 to 161.94. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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.
3 important resistance areas can be observed.
- Resistance @180.50 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 183.88 to 184.26. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @212.51 from a trend line in the weekly time frame.
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 | 34.35 | 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) | DOWN | MIXED | The current price of IEX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.08 | NEUTRAL | The RSI value for IEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests IEX has a negative trend. |
| Stochastics (14,3) | 73.61 | NEUTRAL | The Stochastics value for IEX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for IEX suggests low volalility. |
| Average Directional Index/ADX (14) | 35.01 | 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 |
|---|---|---|---|
| 180.51 | 177.28 | 3.23 (1.79%) | 25.00% |
| An entry @180.51. This is a Buy Stop order right above the resistance zone. | An exit @177.28. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.23 points, which is 1.79%. | For a 0.45% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of IEX. Please evaluate whether better entry and exit points can be found.
- 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.
180.49
-3.38 (-1.84%)
IDEX CORP / IEX FAQ
What is the technical rating for IEX stock?
ChartMill assigns a technical rating of 7 / 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 57.0764. 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 180.23 and a resistance level at 180.5. Check the full technical report for our detailed analysis of IEX support and resistance levels.