KD Logo

A Guide To The Risks Of Investing In Ideanomics Inc (IDEX)

Ideanomics Inc’s recent filing unveils that 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 $1760.0.

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 jump 5.90% to $0.88. Over the last five days, the stock has gained 9.95%. Ideanomics Inc shares have fallen nearly -55.81% since the year began. Nevertheless, the stocks have fallen -83.45% over the past one year. While a 52-week high of $16.12 was reached on 01/02/24, a 52-week low of $0.75 was recorded on 04/16/24. SMA at 50 days reached $1.0001, while 200 days put it at $2.9717. A total of 0.27 million shares were traded, compared to the trading of 0.16 million shares in the previous session.

Levels Of Support And Resistance For IDEX Stock

The 24-hour chart illustrates a support level at 0.8431, which if violated will result in even more drops to 0.8069. On the upside, there is a resistance level at 0.9028. A further resistance level may holdings at 0.9263. The Relative Strength Index (RSI) on the 14-day chart is 45.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0456, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.06%. Stochastics %K at 31.43% indicates the stock is a holding.

Most Popular

[the_ad id="945"]