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Advanced TA SearchArchive
- 4/26/2024 -
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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 -6.38 points, or -2.81%, and closed at 220.66 on Friday, April 26, 2024. Weekly volume was -7% 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 (171.86) 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 (232.68) 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.
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 23, 2024 at 233.46 and reached 220.54 on April 26, 2024. IEX lost 12.92 points, or 5.53%, in 3 days. Price is near the trend low.
 Daily Technical Indicators: [See IEX daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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