The Greedy Trader Weekly Analysis
Sign In Apr 5, 2024
Skip Navigation Links
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Archive
- 3/28/2024 -
Sign In to see current Signals.

IntercontinentalExchange Inc. (ICE) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :The price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a second consecutive positive week for the IntercontinentalExchange Inc. (ICE). During the week, the ICE climbed 1.20 points, or 0.88%, and closed at 137.43 on Thursday, March 28, 2024. ICE was trading at average weekly trading volume.

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 October 13, 2022 at 88.60 and reached 140.43 on March 7, 2024. ICE gained -51.83 points, or -58.50%, in 73 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (108.46) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend.

Medium-term trend: [See ICE medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 104.49 and reached 140.43 on March 7, 2024. ICE gained -35.94 points, or -34.40%, in 18 weeks. The price is now at the 8.35% retracement level.

Weekly Technical Indicators: [See ICE weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 December 8, 2023. 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 downtrend had started on March 7, 2024 at 140.43 and reached 134.15 on March 20, 2024. ICE lost 6.28 points, or 4.47%, in 13 days. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 136.37 and resistance is at 137.74. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a short-term trend.

Daily Technical Indicators: [See ICE daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since February 29, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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) 45.32
Williams' Percentage Range (W%R) 48.90
Lane's Stochastic (%D-Slow) 57.10
Greed/Fear Indicator (GFI) 51.18
Moving Average Converg./Diverg. (MACD) 0.73
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.48
Williams' Percentage Range (W%R) 9.00
Strong Overbought
Lane's Stochastic (%D-Slow) 81.40
Overbought
Greed/Fear Indicator (GFI) 77.38
Moving Average Converg./Diverg. (MACD) 5.76
Trading Signals
Description Value Chart
Upper Bollinger Band 139.46
Weekly Trendline Resistance 137.74
Price 137.43
Weekly Stochastic Crossing 137.35
20 Day Moving Average 137.11
Daily Stochastic Crossing 136.83
Weekly Trendline Support 136.37
Parabolic System 134.79
50 Day Moving Average 134.20
Lower Bollinger Band 133.61
Quarterly Trendline Resistance 126.34
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Financial Exchanges & Data 29
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 134.15
Low Date 03/20/2024
High 138.64
High Date 03/21/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 137.74
Support 136.37
High 140.43
High Date 03/07/2024
Low 134.15
Low Date 03/20/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 104.49
Low Date 10/27/2023
High 140.43
High Date 03/07/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 126.34
Support 108.46
Low 88.60
Low Date 10/13/2022
High 140.43
High Date 03/07/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 139.79
High Date 11/02/2021
Low 88.60
Low Date 10/13/2022
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.