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Semiconductor Equipment Industry Stocks Technical Analysis - ICEArchive
- 4/26/2024 -
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IntercontinentalExchange Inc. (ICE) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the IntercontinentalExchange Inc. (ICE). During the week, the ICE climbed 0.49 points, or 0.37%, and closed at 131.70 on Friday, April 26, 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 (109.50) 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 (142.02) is broken. A broken support is considered to be a long-term bearish signal. 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.
The weekly MACD line is below its signal line since April 12, 2024. 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 129.46 on April 16, 2024. ICE lost 10.97 points, or 7.81%, in 40 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 127.38 and resistance is at 137.56. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.
Daily Technical Indicators: [See ICE daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 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. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
A Parabolic SAR (stop and reversal) indicator (132.43) comes close to the price (131.70). 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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