The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 8/14/2026 -
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IDEX Corporation (IEX) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overboughtMACD bearish divergenceBroken trend resistance lineTrend resistance at 245.71
Daily :
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It was a third consecutive positive week for the IDEX Corporation (IEX). During the week, the IEX gained 4.48 points, or 1.91%, and closed at 238.94 on Friday, August 14, 2026. Weekly volume was -27% 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 downtrend had started on December 13, 2022 at 246.23 and reached 153.40 on April 7, 2025. IEX lost 92.83 points, or 37.70%, in 120 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The price is near the trend resistance line (245.71). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See IEX medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 153.40 and reached 243.80 on July 29, 2026. IEX gained -90.40 points, or -58.93%, in 68 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (193.70) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 medium-term trend.

Weekly Technical Indicators: [See IEX weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 17, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See IEX short-term trend chart]
A short-term uptrend had started on July 21, 2026 at 218.46 and reached 243.80 on July 29, 2026. IEX gained -25.34 points, or -11.60%, in 8 days. The price is now at the 19.18% retracement level.

Daily Technical Indicators: [See IEX daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since July 28, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.19
Williams' Percentage Range (W%R) 20.80
Lane's Stochastic (%D-Slow) 69.97
Greed/Fear Indicator (GFI) 73.45
Moving Average Converg./Diverg. (MACD) 3.66
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.43
Williams' Percentage Range (W%R) 8.70
Strong Overbought
Lane's Stochastic (%D-Slow) 73.55
Greed/Fear Indicator (GFI) 75.75
Moving Average Converg./Diverg. (MACD) 9.25 Bearish
Trading Signals
Description Value Chart
Yearly Trendline Resistance 245.71
Upper Bollinger Band 245.44
Daily Stochastic Crossing 239.86
Price 238.94
Weekly Stochastic Crossing 236.05
Monthly Trendline Resistance 235.87
Quarterly Trendline Resistance 233.63
20 Day Moving Average 230.91
Parabolic System 227.98
Monthly Trendline Support 227.92
50 Day Moving Average 225.76
Lower Bollinger Band 219.18
Quarterly Trendline Support 193.70
Sector and Industry
Description Name Rank
Sector Industrials 10
Industry Industrial Machinery 73
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 228.32
Low Date 07/31/2026
High 242.10
High Date 08/12/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 218.46
Low Date 07/21/2026
High 243.80
High Date 07/29/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 235.87
Support 227.92
Low 183.00
Low Date 03/30/2026
High 243.80
High Date 07/29/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 233.63
Support 193.70
Low 153.40
Low Date 04/07/2025
High 243.80
High Date 07/29/2026
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Test Resistance
Resistance 245.71
Support 124.48
High 246.23
High Date 12/13/2022
Low 153.40
Low Date 04/07/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.