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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 4/25/2025 -
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IntercontinentalExchange Inc. (ICE) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Lane's Stochastic is overboughtDaily  MACD line has moved above its signal lineThe price moved above the moving average in the center of the Bollinger Bands
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It was a second consecutive positive week for the IntercontinentalExchange Inc. (ICE). During the week, the ICE gained 4.59 points, or 2.89%, and closed at 163.23 on Friday, April 25, 2025. It was the best weekly gain since February 28, 2025. Weekly volume was -16% below average.

Long-term trend: [See ICE long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 88.60 and reached 177.50 on March 27, 2025. ICE gained -88.90 points, or -100.34%, in 128 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 148.61 and resistance is at 188.05. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See ICE medium-term trend chart]
A medium-term downtrend had started on March 27, 2025 at 177.50 and reached 147.20 on April 9, 2025. ICE lost 30.30 points, or 17.07%, in 1 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (156.52) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ICE may retest the broken resistance line. It is considered to be a support line now. 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 technical indicators are neutral.

The weekly MACD line is below its signal line since April 4, 2025. This is an indication that the medium-term trend is down. 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 April 9, 2025 at 147.20 and reached 163.63 on April 25, 2025. ICE gained -16.43 points, or -11.16%, in 16 days. Price is near the trend high.

Daily Technical Indicators: [See ICE daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. 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 link to access Lane's Stochastic help.

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

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) 60.82
Williams' Percentage Range (W%R) 48.90
Lane's Stochastic (%D-Slow) 86.07
Overbought
Greed/Fear Indicator (GFI) 66.01
Moving Average Converg./Diverg. (MACD) -2.65
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.50
Williams' Percentage Range (W%R) 42.80
Lane's Stochastic (%D-Slow) 52.75
Greed/Fear Indicator (GFI) 54.37
Moving Average Converg./Diverg. (MACD) 3.99
Trading Signals
Description Value Chart
Yearly Trendline Resistance 188.05
Upper Bollinger Band 175.09
50 Day Moving Average 167.17
Price 163.23
Daily Stochastic Crossing 162.94
20 Day Moving Average 161.37
Weekly Stochastic Crossing 159.92
Monthly Trendline Support 156.52
Parabolic System 153.71
Monthly Trendline Resistance 152.10
Lower Bollinger Band 149.13
Yearly Trendline Support 148.61
Sector and Industry
Description Name Rank
Sector Financials 7
Industry Financial Exchanges & Data 93
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 153.13
Low Date 04/21/2025
High 163.63
High Date 04/25/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 147.20
Low Date 04/09/2025
High 163.63
High Date 04/25/2025
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 152.10
Support 156.52
High 177.50
High Date 03/27/2025
Low 147.20
Low Date 04/09/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 142.30
Low Date 01/13/2025
High 177.50
High Date 03/27/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 188.05
Support 148.61
Low 88.60
Low Date 10/13/2022
High 177.50
High Date 03/27/2025
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.