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Archive
- 12/13/2024 -
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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 dropped -6.71 points, or -2.92%, and closed at 223.00 on Friday, December 13, 2024. It was the worst weekly loss since October 25, 2024. Weekly volume was -10% below average.
IEX is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See IEX long-term trend chart]
A long-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. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See IEX medium-term trend chart]
A medium-term uptrend had started on August 5, 2024 at 189.51 and reached 238.20 on November 6, 2024. IEX gained -48.69 points, or -25.69%, in 13 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 209.09 and resistance is at 255.21. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See IEX weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since September 13, 2024. This is an indication that the medium-term trend is up. 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 November 25, 2024 at 237.40 and reached 221.30 on December 13, 2024. IEX lost 16.10 points, or 6.78%, in 18 days. The price is now at the 10.56% retracement level.
Daily Technical Indicators: [See IEX daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since November 26, 2024. This is an indication that the short-term trend is down.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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