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Regional Banks Industry Stocks Technical Analysis - IEXArchive
- 5/3/2024 -
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IDEX Corporation (IEX) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the IDEX Corporation (IEX). During the week, the IEX gave back -0.24 points, or -0.11%, and closed at 220.42 on Friday, May 3, 2024. Weekly volume was -13% below average.
 Long-term trend: [See IEX long-term trend chart]
A long-term downtrend had started on December 13, 2022 at 246.23 and reached 183.77 on November 1, 2023. IEX lost 62.46 points, or 25.37%, in 46 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (171.36) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See IEX medium-term trend chart]
A medium-term uptrend had started on November 1, 2023 at 183.77 and reached 246.05 on March 21, 2024. IEX gained -62.28 points, or -33.89%, in 20 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (234.75) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. IEX may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See IEX weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
 Short-term trend: [See IEX short-term trend chart]
A short-term downtrend had started on April 23, 2024 at 233.46 and reached 219.23 on May 3, 2024. IEX lost 14.23 points, or 6.10%, in 10 days. The price is now at the 8.36% retracement level.
 Daily Technical Indicators: [See IEX daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since March 4, 2024. This is an indication that the short-term trend is down.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Industrials |
7 |
| Industry |
Industrial Machinery |
79 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
233.46 |
| High Date |
04/23/2024 |
| Low |
219.23 |
| Low Date |
05/03/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
233.46 |
| High Date |
04/23/2024 |
| Low |
219.23 |
| Low Date |
05/03/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Valid |
| Resistance |
227.98 |
| Support |
215.07 |
| High |
246.05 |
| High Date |
03/21/2024 |
| Low |
219.23 |
| Low Date |
05/03/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Support |
| Resistance |
257.34 |
| Support |
234.75 |
| Low |
183.77 |
| Low Date |
11/01/2023 |
| High |
246.05 |
| High Date |
03/21/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Broken Resistance |
| Resistance |
212.09 |
| Support |
171.36 |
| High |
246.23 |
| High Date |
12/13/2022 |
| Low |
183.77 |
| Low Date |
11/01/2023 |
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