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Uptrend ExhaustionArchive
- 1/3/2025 -
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IntercontinentalExchange Inc. (ICE) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the IntercontinentalExchange Inc. (ICE). During the week, the ICE gave back -0.50 points, or -0.33%, and closed at 149.80 on Friday, January 3, 2025. Weekly volume was -33% 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 October 13, 2022 at 88.60 and reached 168.00 on October 30, 2024. ICE gained -79.40 points, or -89.62%, in 106 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 122.51 and resistance is at 175.33. 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 October 30, 2024 at 168.00 and reached 148.00 on December 20, 2024. ICE lost 20.00 points, or 11.90%, in 7 weeks. The price is now at the 9.00% retracement level.
 Weekly Technical Indicators: [See ICE weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold 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 below its signal line since October 25, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 December 30, 2024 at 148.40 and reached 150.20 on January 2, 2025. ICE gained -1.80 points, or -1.21%, in 3 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See ICE daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.
The daily MACD line is below its signal line since December 12, 2024. The distance between MACD and the signal line is low and getting smaller.
A Parabolic SAR (stop and reversal) indicator (150.15) comes close to the price (149.80). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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