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Advanced TA SearchArchive
- 4/19/2024 -
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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 -5.63 points, or -2.42%, and closed at 227.04 on Friday, April 19, 2024. Weekly volume was -30% below average.
IEX is a member of Industrials Sector. Industrials is the second 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 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 (172.35) 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 (230.61) 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 Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 Lane's Stochastic help.
The weekly MACD line is above its signal line since December 8, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 9, 2024 at 241.97 and reached 225.72 on April 18, 2024. IEX lost 16.25 points, or 6.72%, in 9 days. The price is now at the 8.12% retracement level.
 Daily Technical Indicators: [See IEX daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access 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. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
 Candlestick pattern: [See IEX candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.
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