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Investing in Ideanomics Inc (IDEX): What You Must Know

ZOM Stock

In a filing, Ideanomics Inc revealed its Director Hayward Andrea Maria acquired Company’s shares for reported $1900.0 on Feb 07 ’24. In the deal valued at $0.95 per share,2,000 shares were bought. As a result of this transaction, Hayward Andrea Maria now holds 2,000 shares worth roughly $1600.0.

ROTH Capital downgraded its Ideanomics Inc [IDEX] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in mid February with a ‘”an Overweight”‘ rating. ROTH Capital began covering IDEX with “Buy” recommendation on April 14, 2021.

Price Performance Review of IDEX

On Tuesday, Ideanomics Inc [NASDAQ:IDEX] saw its stock fall -2.45% to $0.80. Over the last five days, the stock has lost -15.01%. Ideanomics Inc shares have fallen nearly -59.81% since the year began. Nevertheless, the stocks have fallen -91.54% over the past one year. While a 52-week high of $16.12 was reached on 01/02/24, a 52-week low of $0.80 was recorded on 04/16/24. SMA at 50 days reached $1.0131, while 200 days put it at $3.2215. A total of 0.33 million shares were traded, compared to the trading of 0.29 million shares in the previous session.

Levels Of Support And Resistance For IDEX Stock

The 24-hour chart illustrates a support level at 0.7587, which if violated will result in even more drops to 0.7176. On the upside, there is a resistance level at 0.8332. A further resistance level may holdings at 0.8666. The Relative Strength Index (RSI) on the 14-day chart is 33.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1047, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.02%. Stochastics %K at 8.13% indicates the stock is a buying.

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