Weekly structural research · NYSE · Industrials

IEX Stage Analysis

IDEX Corporation

Week ending 2 Oct 2026Close USD 232.99Tenure NewBenchmark SPY

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Deceleration · Recompressing

The upward structure remains, but its energy is decelerating.

Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down.

The Trend gate is up within the current regime.
Fast Activity versus Slow Activity: weakening.
Activity structure: compressed and contracting.

Direction 45−100 bearish to +100 bullish

Energy 22/100directional strength

Maturity 37/100lifecycle context

Confidence 91/100evidence agreement

Trend gate Upstructural direction

Activity structure Compressedcontracting separation

Price acceptance +33.3%position within the Activity structure

Fair Value context +17.6%USD 198.12 · improving

Trend Architecture map · Historical context

Weekly close, Activity, Trend and Fair Value

Follow price and Trend first, then add Activity Lines to inspect the structure. Subtle bands show the regime recognized at each completed observation; the dashed line marks current Fair Value, not a historical forecast.

CloseTrendCurrent Fair Value

Background stage key

BalanceDirection is contained.
Rotation UpStructure is turning higher.
Upward ExpansionUptrend is established.
DecelerationUptrend is losing energy.
Rotation DownStructure is turning lower.
Downward ExpansionDowntrend is established.

View chart values · 156 observations

Week	Close	Trend	Relative Strength	Volume	Regime	Direction	Energy
2026-10-02	232.99	216.32	6.31	3537428	Deceleration	45	22
2026-09-25	229.36	215.12	4.80	3217078	Deceleration	34	22
2026-09-18	223.02	214.44	3.58	2966511	Deceleration	31	22
2026-09-11	223.51	213.90	4.07	2003495	Upward Expansion	38	21
2026-09-04	223.04	213.43	3.40	2615416	Upward Expansion	56	37
2026-08-28	229.56	213.02	6.80	2435209	Upward Expansion	61	51
2026-08-21	234.39	211.96	9.90	3223032	Upward Expansion	64	65
2026-08-14	238.94	210.64	10.85	2660007	Upward Expansion	75	65
2026-08-07	234.46	209.21	9.33	2612983	Upward Expansion	73	53
2026-07-31	230.45	207.51	11.66	5973039	Upward Expansion	70	49
2026-07-24	223.27	205.76	9.77	3227231	Upward Expansion	59	44
2026-07-17	224.94	204.28	10.03	3437088	Upward Expansion	65	54
2026-07-10	222.16	202.67	7.07	2854611	Upward Expansion	64	67
2026-07-03	223.09	201.19	9.01	2660784	Upward Expansion	66	71
2026-06-26	226.45	199.63	13.14	3388146	Upward Expansion	75	74
2026-06-19	224.20	197.83	9.54	4366725	Upward Expansion	75	63
2026-06-12	217.78	196.01	7.47	2906189	Upward Expansion	69	47
2026-06-05	214.65	194.19	6.51	3040421	Upward Expansion	65	43
2026-05-29	210.83	192.60	1.89	3431416	Upward Expansion	59	44
2026-05-22	208.78	191.24	2.18	2897859	Upward Expansion	60	61
2026-05-15	206.97	189.84	1.97	3140939	Upward Expansion	63	70
2026-05-08	216.16	188.45	6.43	3427706	Upward Expansion	75	78
2026-05-01	214.18	186.58	7.72	4794354	Upward Expansion	73	69
2026-04-24	204.03	184.94	3.43	2698903	Deceleration	49	39
2026-04-17	205.20	183.46	4.39	3733243	Deceleration	51	29
2026-04-10	200.39	181.92	6.40	3330479	Deceleration	28	20
2026-04-03	189.81	180.54	4.28	3053315	Deceleration	19	26
2026-03-27	185.90	179.64	5.42	5254830	Deceleration	19	28
2026-03-20	183.47	178.87	1.51	6398027	Deceleration	27	25
2026-03-13	187.52	178.31	1.62	3405566	Upward Expansion	49	39
2026-03-06	197.21	177.48	4.99	2967210	Upward Expansion	66	61
2026-02-27	208.74	176.13	8.70	2737395	Upward Expansion	72	81
2026-02-20	206.76	174.41	6.98	2833570	Upward Expansion	71	88
2026-02-13	209.68	173.64	9.56	5896194	Upward Expansion	82	92
2026-02-06	210.63	172.69	8.57	8073166	Upward Expansion	92	96
2026-01-30	197.86	171.65	1.66	4142337	Upward Expansion	83	92
2026-01-23	194.59	171.01	-0.20	2829890	Upward Expansion	82	86
2026-01-16	196.24	170.31	-0.22	3672242	Upward Expansion	90	85
2026-01-09	183.41	169.45	-7.54	2441771	Upward Expansion	75	68
2026-01-02	177.80	169.17	-9.47	1685319	Rotation Up	63	64
2025-12-26	179.05	169.26	-10.29	1364291	Rotation Up	42	60
2025-12-19	176.52	169.23	-10.83	4350622	Rotation Up	36	56
2025-12-12	177.67	169.24	-10.71	3287749	Rotation Up	32	51
2025-12-05	176.29	169.56	-12.52	3177226	Balance	31	41
2025-11-28	172.70	169.69	-14.66	2164920	Balance	4	15
2025-11-21	169.44	169.86	-13.88	3095896	Balance	-4	10
2025-11-14	163.33	169.87	-19.26	2933178	Balance	-20	16
2025-11-07	166.77	169.79	-18.18	3650916	Balance	-14	16
2025-10-31	170.25	169.74	-18.50	4647283	Downward Expansion	-17	16
2025-10-24	166.76	169.38	-20.23	2105334	Downward Expansion	-35	19
2025-10-17	165.14	169.74	-19.98	3308659	Downward Expansion	-41	23
2025-10-10	160.02	170.18	-21.63	2740427	Downward Expansion	-59	37
2025-10-03	165.09	170.81	-21.66	3087230	Downward Expansion	-57	38
2025-09-26	159.51	171.45	-24.01	3095546	Downward Expansion	-60	44
2025-09-19	159.19	172.48	-24.96	4894790	Downward Expansion	-63	44
2025-09-12	158.72	173.49	-24.82	3219917	Downward Expansion	-66	44
2025-09-05	163.05	174.58	-22.06	2962602	Downward Expansion	-58	43
2025-08-29	162.62	175.55	-22.48	2860890	Downward Expansion	-58	66
2025-08-22	166.64	177.47	-21.11	3919612	Downward Expansion	-58	69
2025-08-15	162.89	179.11	-23.11	3900391	Downward Expansion	-58	67
2025-08-08	156.45	180.73	-25.85	4098048	Rotation Down	-72	65
2025-08-01	157.30	182.23	-24.09	6692941	Rotation Down	-67	32
2025-07-25	183.57	183.74	-14.08	2571490	Balance	-2	12
2025-07-18	181.29	184.50	-14.29	3396548	Balance	-11	8
2025-07-11	179.40	185.38	-15.01	4111312	Balance	-33	20
2025-07-04	178.48	186.67	-16.02	2258762	Balance	-38	25
2025-06-27	173.63	188.21	-17.20	3414888	Balance	-40	27
2025-06-20	170.51	189.94	-16.25	4605307	Balance	-45	28
2025-06-13	175.10	191.83	-14.51	2776812	Balance	-27	17
2025-06-06	180.51	193.42	-12.51	2574537	Downward Expansion	-27	18
2025-05-30	178.15	194.86	-12.57	2306034	Downward Expansion	-28	22
2025-05-23	176.86	195.96	-12.09	2891898	Downward Expansion	-30	25
2025-05-16	187.24	196.68	-9.77	2828419	Downward Expansion	-34	26
2025-05-09	180.00	197.30	-9.16	2935737	Downward Expansion	-47	37
2025-05-02	178.01	198.19	-11.06	4196484	Downward Expansion	-61	49
2025-04-25	169.72	199.12	-13.23	3902944	Downward Expansion	-66	61
2025-04-18	160.84	200.45	-14.53	2474632	Downward Expansion	-77	80
2025-04-11	165.32	201.87	-14.06	6068755	Downward Expansion	-74	78
2025-04-04	159.41	202.85	-13.07	3702301	Downward Expansion	-89	89
2025-03-28	177.48	203.87	-12.62	2169254	Downward Expansion	-73	81
2025-03-21	178.46	204.67	-14.06	3232821	Downward Expansion	-76	84
2025-03-14	178.94	205.34	-14.03	3181704	Downward Expansion	-79	83
2025-03-07	184.11	205.77	-14.20	3887247	Rotation Down	-73	80
2025-02-28	190.65	205.94	-14.49	2466877	Rotation Down	-39	67
2025-02-21	189.33	205.90	-16.48	1696698	Rotation Down	-45	62
2025-02-14	191.51	206.29	-17.47	3390286	Deceleration	-34	34
2025-02-07	192.23	206.50	-16.49	4513912	Deceleration	-13	8
2025-01-31	220.06	206.74	-5.17	1754083	Deceleration	44	22
2025-01-24	215.80	205.71	-8.27	1346914	Deceleration	16	15
2025-01-17	211.60	205.03	-8.79	2378507	Deceleration	3	19
2025-01-10	201.47	204.54	-10.90	2382446	Deceleration	-8	27
2025-01-03	202.45	204.24	-12.54	1185729	Deceleration	5	21
2024-12-27	206.45	204.03	-11.70	1148393	Deceleration	25	21
2024-12-20	207.69	203.90	-11.02	4694793	Upward Expansion	40	29
2024-12-13	218.08	203.95	-8.70	1971914	Upward Expansion	62	56
2024-12-06	224.64	203.88	-6.86	2585533	Upward Expansion	66	79
2024-11-29	225.54	203.69	-5.97	2205981	Upward Expansion	68	82
2024-11-22	227.37	203.29	-4.36	2726954	Upward Expansion	78	84
2024-11-15	222.80	202.83	-4.93	4019887	Rotation Up	76	74
2024-11-08	223.47	202.74	-6.85	3493260	Rotation Up	54	52
2024-11-01	211.28	202.80	-7.97	3926917	Rotation Up	40	28
2024-10-25	198.34	203.48	-15.08	1563703	Rotation Up	10	15
2024-10-18	205.88	204.75	-13.16	1759020	Rotation Up	20	42
2024-10-11	206.82	205.76	-12.40	1802298	Balance	20	34
2024-10-04	205.77	206.61	-12.25	2359284	Balance	-1	17
2024-09-27	209.55	207.46	-10.86	2877527	Balance	4	10
2024-09-20	203.46	208.20	-13.40	6243726	Downward Expansion	-25	14
2024-09-13	194.74	209.07	-16.37	2173012	Downward Expansion	-40	22
2024-09-06	190.21	209.92	-15.52	2410224	Downward Expansion	-53	29
2024-08-30	201.27	210.95	-14.79	2178516	Downward Expansion	-41	27
2024-08-23	198.75	211.37	-16.15	2307369	Downward Expansion	-56	41
2024-08-16	191.62	211.49	-18.57	2393574	Downward Expansion	-59	44
2024-08-09	189.43	211.79	-16.82	3085829	Downward Expansion	-67	46
2024-08-02	189.22	212.15	-17.40	3039124	Downward Expansion	-70	43
2024-07-26	201.25	212.64	-14.50	2552178	Downward Expansion	-48	39
2024-07-19	197.85	212.92	-17.03	2413564	Downward Expansion	-61	50
2024-07-12	199.30	213.23	-18.41	2030644	Downward Expansion	-64	56
2024-07-05	189.14	213.39	-22.17	2127482	Downward Expansion	-79	82
2024-06-28	195.46	213.67	-18.47	2954737	Rotation Down	-69	82
2024-06-21	196.92	213.69	-18.31	2056864	Rotation Down	-42	75
2024-06-14	192.58	213.54	-19.93	2110385	Rotation Down	-57	80
2024-06-07	196.03	213.49	-17.54	2302246	Rotation Down	-51	73
2024-05-31	202.69	213.13	-14.04	3332160	Deceleration	-46	61
2024-05-24	209.01	212.66	-12.05	2281657	Deceleration	-19	34
2024-05-17	215.99	211.83	-9.41	1476826	Deceleration	-1	25
2024-05-10	219.03	210.84	-6.88	2579320	Deceleration	4	27
2024-05-03	213.47	209.99	-7.83	1988545	Deceleration	6	26
2024-04-26	213.70	209.48	-7.49	2155216	Deceleration	20	25
2024-04-19	219.88	209.04	-2.55	1603953	Upward Expansion	46	35
2024-04-12	225.33	208.35	-3.48	1461300	Upward Expansion	63	56
2024-04-05	231.83	207.71	-2.46	1398640	Upward Expansion	67	65
2024-03-29	236.33	206.92	-1.72	1067826	Upward Expansion	75	81
2024-03-22	236.18	206.37	-1.83	1562293	Upward Expansion	79	90
2024-03-15	232.40	205.75	-1.59	1953961	Upward Expansion	75	90
2024-03-08	231.07	205.04	-2.54	1271448	Upward Expansion	76	90
2024-03-01	231.92	204.51	-2.81	2002804	Upward Expansion	84	93
2024-02-23	229.57	203.86	-3.23	1633097	Rotation Up	86	93
2024-02-16	220.30	203.34	-5.97	2517376	Rotation Up	50	73
2024-02-09	221.00	202.82	-6.41	3304992	Balance	54	61
2024-02-02	213.76	202.18	-8.58	2742300	Balance	38	27
2024-01-26	202.55	201.77	-12.53	1429794	Balance	1	6
2024-01-19	200.51	201.90	-13.07	1504965	Rotation Up	15	19
2024-01-12	200.39	201.71	-12.61	1268990	Rotation Up	19	36
2024-01-05	203.90	201.74	-9.99	1883464	Rotation Up	21	37
2023-12-29	209.62	201.56	-9.42	1091235	Rotation Up	32	38
2023-12-22	206.98	201.25	-10.73	1674941	Downward Expansion	27	30
2023-12-15	204.06	200.83	-11.68	2265502	Downward Expansion	-11	19
2023-12-08	197.77	200.57	-12.83	1844849	Downward Expansion	-34	23
2023-12-01	196.04	200.62	-13.89	2421550	Downward Expansion	-42	28
2023-11-24	192.34	200.82	-15.30	3340805	Downward Expansion	-58	42
2023-11-17	191.18	200.98	-15.45	1940999	Downward Expansion	-62	54
2023-11-10	185.11	201.56	-16.72	1973509	Downward Expansion	-70	78
2023-11-03	188.44	202.39	-14.52	3693515	Downward Expansion	-66	78
2023-10-27	184.33	203.02	-11.96	4372929	Downward Expansion	-82	85
2023-10-20	186.08	204.24	-13.69	2938201	Rotation Down	-76	79
2023-10-13	193.72	205.04	-12.58	2194164	Rotation Down	-48	61

Price vs TrendAbove+7.7%

Trend directionRising+5.1%

Price vs current Fair ValuePremium+17.6%

Fair Value directionClosing upward+4.0%

Relative Strength vs benchmarkLeading+6.3%

Relative strength directionWeakening-2.7%

Price momentumPositive+22.8%

Volume balanceDemand-led1.35×

Beyond the current label

Is the structure strengthening or losing force?

Direction and energy measure different things

Direction shows the upward or downward lean. Energy shows the force behind the structural move: high energy can accompany a strong decline as well as an advance.

Direction

45 / ±100

-10.6 points since 2026-09-04

Energy

22 /100

-15.5 points since 2026-09-04

Recent change compares the latest reading with four observations earlier. Missing readings remain unavailable. Use the chart values above to inspect individual observations.

IEX Directional State ↗ IEX Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance43

Rotation Up33

Upward Expansion56

Deceleration86

Rotation Down25

Downward Expansion18

The winning regime is the state most consistent with the complete SM evidence set. Direction, energy, maturity and confidence describe different aspects of the current structure, while contradictory evidence remains visible rather than being averaged into false certainty.

Time spent in each state

The context behind today’s regime

2023-10-13 to 2026-10-02 · 156 classified observations out of 156 shown.

Balance 12%Rotation Up 10%Upward Expansion 28%Deceleration 15%Rotation Down 7%Downward Expansion 30%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Deceleration	2026-09-18	2026-10-02	New	+4.5%
Upward Expansion	2026-05-01	2026-09-11	Established	+4.4%
Deceleration	2026-03-20	2026-04-24	Developing	+11.2%
Upward Expansion	2026-01-09	2026-03-13	Developing	+2.2%
Rotation Up	2025-12-12	2026-01-02	New	+0.1%
Balance	2025-11-07	2025-12-05	Developing	+5.7%
Downward Expansion	2025-08-15	2025-10-31	Developing	+4.5%
Rotation Down	2025-08-01	2025-08-08	New	-0.5%
Balance	2025-06-13	2025-07-25	Developing	+4.8%
Downward Expansion	2025-03-14	2025-06-06	Established	+0.9%
Rotation Down	2025-02-21	2025-03-07	New	-2.8%
Deceleration	2024-12-27	2025-02-14	Developing	-7.2%
Upward Expansion	2024-11-22	2024-12-20	Developing	-8.7%
Rotation Up	2024-10-18	2024-11-15	Developing	+8.2%

Classic Stage Analysis comparison

Stage 1 · Basing16

Stage 2 · Advancing100

Stage 3 · Distribution62

Stage 4 · Declining0

Legacy result: Stage 2 · Stage 2B · Advancing. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus SPY

Is relative performance confirming the geometry?

Confirmation, not classification

Relative Strength

The security is compared with its market benchmark on the SM scale. Above zero indicates relative leadership; direction shows whether that leadership is improving or weakening.

Confirmation evidence

Leading benchmark

Architecture confirmation: 79/100
Current Relative Strength: 6.31
Relative Strength direction: Weakening
Price momentum: +22.8%
Excess performance vs benchmark: +5.1%
Industrials regime cohort: 77th percentile64 in cohort

Test IEX trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume1.11×

Latest completed volume relative to typical participation.

Up/down volume1.35×

Participation balance between advancing and declining observations.

Accumulation / distribution4 / 2

Recent participation evidence classified by demand and supply.

Activity alignment+75.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationWeakening

Current relationship between Fast Activity and Slow Activity.

Structure stability+12.5%

Whether recent Activity evidence is stable or remains in balance.

Weekly volume with architecture context

Bars show completed weekly volume; the dashed line provides typical-volume context. Both measures use the same scale.

Explore IEX Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity USD 228.10falling

Slow Activity USD 223.70rising

Trend Reference USD 216.32+7.7% close margin

Current Fair Value USD 198.12+17.6% close margin

Structural low USD 186.73shock / repair context

What changes the read?

Renewed positive order and expanding width produce re-acceleration; fast/slow failure with downside acceptance produces Rotation Down.

Range context +4.5%

Annualized volatility +15.9%

From structural high -4.4%

From structural low +47.3%

Point-in-time evidence

What followed this architecture in this market?

Descriptive history, never a forecast

Historical comparisons use only the structural read that would have been available at each completed observation. Independent observations are used where possible, with benchmark comparison beginning after each recognized state.

Outcome horizon	Samples	Median move	Positive periods	Directional follow-through	Median excess vs SPY	Regime survived	Read
Near term	10	+1.3%-12.3% to +14.5%	+60.0%	+60.0%	-1.5%	+40.0%	Usable descriptive sample
Intermediate	6	-5.6%-14.0% to +22.2%	+33.3%	+33.3%	-6.9%	+0.0%	Usable descriptive sample
Extended	5	+2.0%-15.9% to +21.6%	+60.0%	+60.0%	-5.8%	+20.0%	Usable descriptive sample
Full cycle	3	-16.3%-20.6% to +5.1%	+33.3%	+33.3%	-13.7%	+0.0%	Too little matched history

Evidence framework

What the analysis measures and where its limits lie

Trend Architecture

Trend Architecture brings Price, Fast Activity, Slow Activity and Trend into one structural read. It identifies balance, rotation, expansion, deceleration and contraction while requiring persistent evidence for confirmed regime changes.

Evidence roles

Trend, Activity, relative strength, volume and Fair Value each have a defined role in the SM evidence framework. No single reading is treated as sufficient on its own, and conflicting evidence remains visible.

Fair Value and RS

Current Fair Value provides a long-term price anchor and shows whether price is trading above, below or repairing toward that reference. Relative Strength compares the security with its benchmark and shows whether leadership is improving or weakening.

Known limitations

Weekly structure recognizes conditions after they develop. Event gaps can bypass smooth transitions, sideways markets can rotate repeatedly, and historical samples for a particular regime can be thin.

Independent market research for education. Not investment advice, a recommendation, a forecast, a target, or an execution instruction. Historical regime behaviour does not establish what happens next.

IEX Stage Analysis

What the Activity Line geometry says now

The upward structure remains, but its energy is decelerating.

Weekly close, Activity, Trend and Fair Value

Is the structure strengthening or losing force?

Direction

Energy

Why this architecture regime won

The context behind today’s regime

Is relative performance confirming the geometry?

Relative Strength

Leading benchmark

Is demand confirming the architecture?

Weekly volume with architecture context

References that would change the structural read

What followed this architecture in this market?

What the analysis measures and where its limits lie

Trend Architecture

Evidence roles

Fair Value and RS

Known limitations

Send a message

Evidence context

What the Activity Line geometry says now

The upward structure remains, but its energy is decelerating.

Weekly close, Activity, Trend and Fair Value

Is the structure strengthening or losing force?

Direction

Energy

Why this architecture regime won

The context behind today’s regime

Is relative performance confirming the geometry?

Relative Strength ?

Leading benchmark

Is demand confirming the architecture?

Weekly volume with architecture context

References that would change the structural read

What followed this architecture in this market?

Test the structure from another angle

Trend Persistence ↗

Directional State ↗

Momentum Intelligence ↗

Volume & Price ↗

Similar Charts ↗

RMI Reversal Map ↗

What the analysis measures and where its limits lie

Trend Architecture

Evidence roles

Fair Value and RS

Known limitations

Relative Strength

Trend Persistence

Directional State

Momentum Intelligence

Volume & Price

Similar Charts

RMI Reversal Map