EV stock Ideanomics Inc (IDEX) is higher by 1.61% Wednesday. Ideanomics Inc (IDEX) stock is higher by 16.59% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.
Ideanomics Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on IDEX!
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With IDEX Stock Today?
Ideanomics Inc (IDEX) stock is trading at $2.53 as of 10:34 AM on Wednesday, Oct 11, a gain of $0.04, or 1.61% from the previous closing price of $2.49. The stock has traded between $2.51 and $2.68 so far today. Volume today is low. So far 157,565 shares have traded compared to average volume of 524,370 shares.
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More About Ideanomics Inc
Ideanomics is a global company that facilitates the adoption of commercial electric vehicles and supports next-generation financial services and Fintech products. Its electric vehicle division, Mobile Energy Global (MEG) provides group purchasing discounts on commercial electric vehicles, EV batteries and electricity, as well as, financing and charging solutions a model (S2F2C). Ideanomics Capital provides fintech solutions that include intelligent and innovative financial services and solutions powered by AI and blockchain. Together, MEG and Ideanomics Capital, provide their global customers and partners with more efficient solutions for a greener economy. The company is headquartered in New York, NY, and has offices in Beijing and Qingdao, China.
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