RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of IDEX
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Strong day for Ideanomics stock price on Thursday rising 5.56% to $0.95
(Updated on Mar 28, 2024)

Sell candidate since Mar 13, 2024 Loss -6.86% PDF

The Ideanomics stock price gained 5.56% on the last trading day (Thursday, 28th Mar 2024), rising from $0.90 to $0.95. During the last trading day the stock fluctuated 6.67% from a day low at $0.90 to a day high of $0.96. The price has fallen in 6 of the last 10 days and is down by -5.94% for this period. Volume fell on the last day by -139 thousand shares and in total, 435 thousand shares were bought and sold for approximately $412.90 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -38.26% during the next 3 months and, with a 90% probability hold a price between $0.268 and $0.81 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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IDEX Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, March 27, 2024, and so far it has risen 5.56%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ideanomics stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.95 and $1.04. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Ideanomics stock

Ideanomics finds support from accumulated volume at $0.94 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0600 between high and low, or 6.67%. For the last week the stock has had daily average volatility of 7.84%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (IDEX) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ideanomics Inc. to open at $0.94, and during the day (based on 14 day Average True Range), to move between $0.86 and $1.04, which gives a possible trading interval of +/-$0.0924 (+/-9.72%) up or down from last closing price. If Ideanomics Inc. takes out the full calculated possible swing range there will be an estimated 19.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.94 (1.05%) than the resistance at $1.02 (7.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ideanomics Inc. stock A Buy?

Ideanomics holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -3.791 Sell Candidate Upgraded

Predicted Opening Price for Ideanomics Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$0.94 ( 1.40%) $0.95

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for IDEX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.00 4.91 %
R2 0.97 2.50 %
R1 0.96 1.01 %
Current price: 0.95
Support S1 0.91 -3.82 %
S2 0.90 -5.31 %
S3 0.88 -7.72 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.07 12.63 %
R2 1.03 8.42 %
R1 1.02 7.37 %
Current price 0.95
Support S1 0.94 -1.05%
S2 0.92 -3.16%
S3 0.90 -5.26%

FAQ

What is the symbol for Ideanomics Stock and on which exchange is it traded?
The symbol for Ideanomics is IDEX and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Ideanomics Stock?
Ideanomics holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

How to buy Ideanomics Stock?
Ideanomics Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Ideanomics Stock.

What's the current price of Ideanomics Stock?
As of the end of day on the 2024-03-28, the price of an Ideanomics (IDEX) share was $0.95.

What is the 52-week high and low for Ideanomics Stock?
The 52-week high for Ideanomics Stock is $16.11 and the 52-week low is $0.88.

What is the market capitalization of Ideanomics Stock?
As of the 2024-03-28, the market capitalization of Ideanomics is 11.397M.

When is the next earnings date for Ideanomics?
The upcoming earnings date for Ideanomics is Apr 01, 2024.
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About Ideanomics Inc.

Ideanomics Ideanomics, Inc. focuses on driving the adoption of commercial electric vehicles, associated energy consumption, and developing financial services and fintech products. Its Ideanomics Mobility division facilitates the adoption of electric vehicles by commercial fleet operators. This division also offers solutions for the procurement, financing, charging, and energy management needs for fleet operators of commercial electric vehicles. The company'... IDEX Profile

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