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Investing in Ideanomics Inc (IDEX) Is Getting More Attractive

ZOM Stock

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 $2360.0.

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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 11.85% to $1.18. Over the last five days, the stock has gained 14.56%. Ideanomics Inc shares have fallen nearly -40.70% since the year began. Nevertheless, the stocks have fallen -76.69% 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 $0.9698, while 200 days put it at $2.2083. A total of 1.5 million shares were traded, compared to the trading of 0.17 million shares in the previous session.

Levels Of Support And Resistance For IDEX Stock

The 24-hour chart illustrates a support level at 1.0267, which if violated will result in even more drops to 0.8733. On the upside, there is a resistance level at 1.3567. A further resistance level may holdings at 1.5333. The Relative Strength Index (RSI) on the 14-day chart is 70.96, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0910, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.10%. Stochastics %K at 82.17% indicates the stock is a selling.

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