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Advanced TA SearchArchive
- 6/7/2024 -
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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 -6.85 points, or -3.28%, and closed at 201.79 on Friday, June 7, 2024. IEX was trading at average weekly trading volume.
 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. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (238.81) 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 long-term trend.
 Medium-term trend: [See IEX medium-term trend chart]
A medium-term downtrend had started on March 21, 2024 at 246.05 and reached 201.12 on June 7, 2024. IEX lost 44.93 points, or 18.26%, in 11 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend support (200.48) line. The support is usually stronger when technical indicators are oversold. 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 support line in a medium-term trend.
 Weekly Technical Indicators: [See IEX weekly technical indicators chart]
Weekly Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index or strongly oversold weekly Williams' Percentage Range and Lane's Stochastic. 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 weekly MACD line is below its signal line since April 26, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 May 13, 2024 at 227.88 and reached 201.12 on June 7, 2024. IEX lost 26.76 points, or 11.74%, in 25 days. Price is near the trend low.
 Daily Technical Indicators: [See IEX daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Lane's Stochastic or strongly oversold daily Williams' Percentage Range. 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.
The daily MACD line is below its signal line since May 21, 2024. This is an indication that the short-term trend is down.
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