The Greedy Trader Weekly Analysis
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IntercontinentalExchange Inc. (ICE)

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are strongly overboughtMACD bearish divergence
Daily :Williams' Percentage Range is overboughtDaily  MACD line has moved above its signal lineThe price is above the upper Bollinger Band
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It was a second consecutive positive week for the IntercontinentalExchange Inc. (ICE). During the week, the ICE gained 2.34 points, or 2.03%, and closed at 117.63 on Friday, January 8, 2021. Weekly volume was -24% below average.

ICE is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See ICE long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 63.51 and reached 118.08 on January 8, 2021. ICE gained -54.57 points, or -85.92%, in 41 weeks. Price is near the trend high.

Medium-term trend: [See ICE medium-term trend chart]
A medium-term uptrend had started on October 29, 2020 at 92.41 and reached 118.08 on January 8, 2021. ICE gained -25.67 points, or -27.78%, in 10 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (116.21) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See ICE weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 27, 2020. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See ICE short-term trend chart]
A short-term uptrend had started on January 7, 2021 at 114.89 and reached 118.08 on January 8, 2021. ICE gained -3.19 points, or -2.78%, in 1 days. The price is now at the 14.11% retracement level.

Daily Technical Indicators: [See ICE daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.00
Williams' Percentage Range (W%R) 15.30
Overbought
Lane's Stochastic (%D-Slow) 69.22
Greed/Fear Indicator (GFI) 74.32
Moving Average Converg./Diverg. (MACD) 2.55
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.96
Williams' Percentage Range (W%R) 6.20
Strong Overbought
Lane's Stochastic (%D-Slow) 94.84
Strong Overbought
Greed/Fear Indicator (GFI) 83.50
Overbought
Moving Average Converg./Diverg. (MACD) 3.03 Bearish
Trading Signals
Description Value Chart
Price 117.63
Quarterly Trendline Resistance 117.20
Upper Bollinger Band 117.19
Weekly Stochastic Crossing 116.91
Daily Stochastic Crossing 116.62
Quarterly Trendline Support 116.21
20 Day Moving Average 112.76
Parabolic System 112.57
Lower Bollinger Band 107.84
50 Day Moving Average 106.11
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Financial Exchanges & Data 39
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 114.89
Low Date 01/07/2021
High 118.08
High Date 01/08/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 114.89
Low Date 01/07/2021
High 118.08
High Date 01/08/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 114.89
Low Date 01/07/2021
High 118.08
High Date 01/08/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 117.20
Support 116.21
Low 92.41
Low Date 10/29/2020
High 118.08
High Date 01/08/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 63.51
Low Date 03/23/2020
High 118.08
High Date 01/08/2021
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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