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Financial Exchanges & Data Industry Stocks Technical Analysis - ICEArchive
- 4/19/2024 -
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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 dropped -2.34 points, or -1.75%, and closed at 131.21 on Friday, April 19, 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 (109.24) 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 chart has formed a Symmetric Triangle chart pattern. The uptrend support line (140.51) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ICE may retest the broken support line. It is considered to be a resistance 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 support in a medium-term trend.
 Weekly Technical Indicators: [See ICE weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 April 4, 2024 at 138.87 and reached 129.46 on April 16, 2024. ICE lost 9.41 points, or 6.78%, in 12 days. The chart has formed a Broadening Descending Wedge chart pattern.
 Daily Technical Indicators: [See ICE daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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.
The daily MACD line is below its signal line since February 29, 2024. This is an indication that the short-term trend is down.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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