IntercontinentalExchange Inc. (ICE)
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|It was the negative week for the IntercontinentalExchange Inc. (ICE). During the week, the ICE dropped -2.87 points, or -2.66%, and closed at 105.16 on Friday, May 26, 2023. It was the worst weekly loss since March 10, 2023. Weekly volume was -26% below average. |
Long-term trend: [See ICE long-term trend chart]
A long-term downtrend had started on November 2, 2021 at 139.79 and reached 88.60 on October 13, 2022. ICE lost 51.19 points, or 36.62%, in 49 weeks. The price is now at the 32.35% retracement level.
Medium-term trend: [See ICE medium-term trend chart]
A medium-term uptrend had started on March 13, 2023 at 94.16 and reached 110.16 on May 16, 2023. ICE gained -16.00 points, or -16.99%, in 9 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (110.93) 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 Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 weekly MACD line is above its signal line since April 6, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 May 16, 2023 at 110.16 and reached 104.47 on May 25, 2023. ICE lost 5.69 points, or 5.17%, in 9 days. The price is now at the 12.13% retracement 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. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since May 17, 2023. This is an indication that the short-term trend is down.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 5.33% on Friday. It is 50.46% lower than one year average. It indicates the period of low volatility of the stock price. 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.
During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.