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IDEX Stock Update: IDEX (Ideanomics) is a company focused on facilitating the adoption of commercial electric vehicles and developing next generation financial services and Fintech product. IDEX closely works with electric vehicles, EV batteries and electricity, and charging solutions (PLUG, NIO, SBE, FCEL, Etc.) In this IDEX Stock Update video, we cover the fundamentals of IDEX as a company, technical analysis, recent news catalysts, new support and resistance levels, average volume, volume moving average, short term price targets, and buy, hold, or selling opportunities on this stock.
IDEX Fundamentals: https://www.marketwatch.com/investing/stock/idex
IDEX Financials: https://finance.yahoo.com/quote/IDEX/financials?p=IDEX
IDEX 2,000 Cars News: https://www.thestreet.com/investing/ideanomics-idex-electric-vehicles-china?puc=yahoo&cm_ven=YAHOO
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What is up, everybody welcome to trades trades, where we get technical analysis on different stocks in the stock market, as well as potential buy, hold or sell opinions on these given stocks. I like the preface by saying that i am not a financial advisor nor expert. I am just a random dude on youtube, so take what i say with a grain of salt. The reason that i started this channel is because a couple years back, i was about thirty thousand dollars deep in medical debt, and i was very lucky to have some close family friends and mentors that pushed me to work really hard and invest in the stock market And thanks to them, i was able to pay off all my debt and become financially free and if i can pass along any of that information to you guys and make your lives a little bit better.

So maybe you can do the same for somebody else. That's all i can ask for man, and that makes me a happy guy last before we get into the video, if you wouldn't mind, dropping a like on the video, it really does help support the channel and consider subscribing if you'd like to see more content like This i do post videos daily multiple times a day and i do cover idex ideonomics incorporated a lot, which is what we're going to be talking about today. So, let's get into ideonomics we're going to cover a few things so buckle in for a loaded and informational video. Now, for those who do not know what idex is, i have pulled up the overview of the company ideonomics incorporated.

Is a global company focused on facilitating the adoption of commercial electric vehicles and developing next generation financial services and fintech product? The firm operates for the mobile energy, global and ideonomics capital business units, its electric vehicle division. Meg provides group purchasing discounts on commercial electric vehicles, ev batteries and electricity, as well as financing and charging solutions. Audionomics capital includes dbot, ats and intelligenta, which provides financial services solutions powered by ai and blockchain. The company was founded by shane b, mcmahon and etc.

So basically, what these guys do is they are a facilitator between. You know financial services and fintech products, so they're kind of a middleman between ev companies and ev batteries. You know electricity, all that sort of stuff they bring together like neo and plug and xpev and clean energy, and you know they're, they uh. They provide different products that that help out both those companies, so ideonomics is, is very involved in the eb sector and the clean energy sector, and it could could be a big player when those stocks take off um.

One of the big news articles i've already covered, but in case you didn't get to see the video i will briefly go over again, as ideonomics is set to buy 2 000 electric vehicles from byd-diddy uh. They signed an agreement to buy 2 000 electric ride. Hailing vehicles from a joint venture between china's byd and diddy um, so that did shoot the price up. You know about 17, the pre-market on monday.

This news article came out on december 28th. Today is the 30th, so this is a little bit outdated, but there is no other present news out on idex if there is i'll present it to you guys as soon as i have it, and as soon as i can press record um. But this is something to keep in mind. The stock is trading a little bit lower.

Today than usual. We did have a very red day yesterday, however i'll talk about this more in a second, but i believe that was because of what is called tax sell-offs well i'll, just touch on it now, tax sell-offs are when people at the end of the year will sell Off their losing positions and stocks so that they can write off up to three thousand dollars on their tax returns, so they don't have to pay as much in taxes. I believe you sell it across the entirety of the market. It was a very red day.

I don't see very many people that weren't swinger day traders that made money - i think pretty much everybody took in hell yesterday and that's just what comes with this time of year. So i wouldn't stress too much. I still think idex is in a good spot. I would be a little more concerned if we saw this pattern a couple days in a row, but with that being said last before we get into the technicals, i wanted to show you their their revenue, their their cash flow, their fundamentals.

I will leave a link to this in the description box down below, along with these other two articles in case you'd like to look at them closer, but you can see that this is in thousands, so this is 44 million. This is 377 million, 144 million they're kind of all over the place right in 2019. You know nothing, nothing crazy. In fact, we have some negative numbers, so the financial situation isn't looking good um, particularly, but what is interesting about idex is the potential for growth.

There's two ways you can invest in the company: you can invest based on their financial situation or you can invest based on their management and potential for growth. Now what i like about idex is recently they let go of their ceo and brought on a new member to the team, and some people might think this is a sign of weakness. However, i do not think so. This is uh.

You know if you're a wall street investor or as an institutional investor, the way you look at this is you are weeding out weak management because you care about the growth of a company, and i do think that states very clearly to investors that idex is being Proactive about the growth of their company, they take their management seriously. They they do want to start meeting their financial goals and improving the the basis of this company. So there's nothing up yet for next year's projection. Otherwise, when that does pop up, you will find it here.

Anywho, let's get into the technical analysis on the stock um, i do have a couple of levels already preset that i've been looking at um, but the general trend on the last 10 days has been kind of up and down right. So we've got. You know three kind of bearish days here: we've got one two three for four bullish days and a couple of consolidation days, so we've been up and down it's. It's we've, not on a clear trajectory of bullish or bearish or neutral.

We've been all over the place. We have reached a high over the last 10 days of about 2 dollars and 80 cents, which is phenomenal. If you got in at a buck 70 here and you got out of 280, that's a really solid swing trade man and i can't even be mad. I can't be mad at all: that's that's uh, that's a good day, but we're currently trading at about two dollars and ten cents uh.

So we are down a pretty significant amount, but the entire market is down a pretty significant amount. So i would not sweat too much yet um. We do have some pretty solid support levels that i'll go over in a second and another thing that i find interesting is the amount of volume is going up. That is huge.

I've said it before i've said it i'll, say it again, i'll say it every time. If i have to you guys already know volume drives volatility. Volatility drives higher price valuations, so this volume could very easily you know just as easily as i brought the price down. It can shoot the price right back up uh, just like we see here.

You know - and this is uh this spot right here - is when when the 2000 vehicles was announced, so that was a very solid news catalyst if we get something very similar to that at all, it won't take much to get back to that 280 to three dollar Range so be watching for that we're going to go over the support and resistance levels, real quick, so we've got a pretty solid support line right here at two dollars and eight cents. We did dip below that. Very briefly. However, we are above that now, and we are trading - you know about two dollars and ten cents.

So if we do drop below 208 watch, for you know about two dollars and three cents as a fallback support level, if we dip below two dollars, that should be a little bit concerning, because the next level from there is in the dollar. Seventy two dollar eighty range and i would recommend, if you see that happen and you bought it at a buck - seventy and you wan na lock in your profits. Maybe you do that. You know.

Maybe you said it's trailing, stop loss and just make sure that you you take a little bit of your money that you made and then just re-buy back in when the stock is at its lowest point. That's how i would play the stock. If i was you, i'm currently bought in at two dollars and two cents um on idex, and my belief is that we will go back up past this resistance line here at 240. So i will be watching for that, but we need to first go past.

This resistance line right here at 227 and before that at about 223, so watch for this 223 resistance line and then 227. If we can get past those two levels, i think 2.40 cents is pretty realistic by the end of the day. However, if we drop below 208 and then two dollars expect a very red day in that case, you know it is very possible that we continue to see a tax sell-off today. I believe today is the last day to do so, so you can claim your losses on your tax returns.

So if we see another red day, i would presume that is why just be ready for either situation, so the volume moving average we have been below and above it mostly below in the trading day. Yesterday it was a bearish day. The bears did have control so watch and see how this thing opens up in the regular market hours if we do open above the volume moving average. We hang above that for an hour or two.

I would expect a pretty green day. I would expect to see some solid growth uh. However, i'm not a wizard. I can't predict the future if i could we'd all be pretty rich people, but i can't so um.

That is what i have for idex. I do have a position in the stock. I have about two thousand dollars bought in at two dollars and two cents, and my exit strategy is around three dollars for about half of my position and i'm gon na. Let the other half ride just to see where this stock can go.

I'm not saying that you need to do that yourself. That is how i plan on playing the stock. I do see some solid upside here with idex. I think this is going to be a big player in a couple of years.

This is a longer term investment. If you really want to see some massive growth, we're gon na need some big catalysts, which we just don't have yet so um be patient. With this stock, it does have upside you're. Just gon na have to wait it out.

That is all i have for the video today. If you enjoyed it, please drop a like on it. If you'd like to see more content like this, please consider subscribing to the channel. It really does help out, and i appreciate the community that we're building out here at trace trades uh.

Just yesterday morning i was at 200 subscribers and i woke up this morning to 330, so i don't know what's going on, but i really appreciate the support guys. It means the world to me, i'm glad we can build a community out here for traders and investors. That is all i have for you, and i will see you all next time. Peace,.


By Trey

11 thoughts on “Idex stock update // idex stock analysis // $3 short term price target? techincal analysis”
  1. Avataaar/Circle Created with python_avatars jastop94 says:

    I bought into early hype and bought too high. I think it will definitely be a much stronger company as the EV market as a whole start going huge, but I will probably buy back in when I have made more money from my less volatile stocks or clearer direction stock and get a position down the road. I think it will be a 2-5 year stock to mature, so I have a bit of time to get some capital in order to build a position with a larger amount of shares.

  2. Avataaar/Circle Created with python_avatars Blessed Bless says:

    Next plse on Gnus please thanks

  3. Avataaar/Circle Created with python_avatars Susan Burns says:

    $10+ in 2021

  4. Avataaar/Circle Created with python_avatars Lamar Loves You says:

    Idex to $10 soon

  5. Avataaar/Circle Created with python_avatars Tim Schjei says:

    Great job man 👏 to the point, quick, and easy to understand. And your voice is golden. You'll be at 2000 subs in no time.

  6. Avataaar/Circle Created with python_avatars Kam Jackson says:

    Can you do one of these analysis with Amazon (AMZN) please?

  7. Avataaar/Circle Created with python_avatars William Penn jr. says:

    You said there is no news. What about the law suite against them that's been reported?

  8. Avataaar/Circle Created with python_avatars Justin Winkler says:

    What a strange time of year……

  9. Avataaar/Circle Created with python_avatars Frank Barone says:

    Took my 15% for now. Jump back in maybe some point.

  10. Avataaar/Circle Created with python_avatars Michael Reyna says:

    This company will 10x

  11. Avataaar/Circle Created with python_avatars Michael Reyna says:

    Keep an on FRSX brotha!

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