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Downtrend Broken Resist.Archive - 7/19/2024 - Sign In to see current Signals. |
IntercontinentalExchange Inc. (ICE) Technical Analysis
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| Summary:
| | Weekly :![Overbought sector](images\bearish.gif) ![Williams' Percentage Range and Lane's Stochastic are strongly overbought](images\bearish.gif) ![Stochastic has declined below the signal line](images\bearish.gif) | | Daily :![Relative Strength Index and Lane's Stochastic are overbought](images\bearish.gif) ![Williams' Percentage Range is strongly overbought](images\bearish.gif) ![A Parabolic SAR indicator is above and near the price](images\bearish.gif) Move cursor over the icon to see details.
| | It was the negative week for the IntercontinentalExchange Inc. (ICE). During the week, the ICE gave back -0.70 points, or -0.47%, and closed at 147.68 on Friday, July 19, 2024. Weekly volume was 26% above 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 149.60 on July 18, 2024. ICE gained -61.00 points, or -68.85%, in 92 weeks. Price is near the trend high.
Medium-term trend: [See ICE medium-term trend chart] A medium-term uptrend had started on May 2, 2024 at 124.34 and reached 149.60 on July 18, 2024. ICE gained -25.26 points, or -20.32%, in 11 weeks. The price is now at the 7.60% retracement level.
Weekly Technical Indicators: [See ICE weekly technical indicators chart] Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 links to access Lane's Stochastic and Williams' Percentage Range help. The weekly MACD line is above its signal line since July 5, 2024. This is an indication that the medium-term trend is up. 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 July 18, 2024 at 149.60 and reached 146.69 on July 19, 2024. ICE lost 2.91 points, or 1.95%, in 1 days. The price is now at the 34.02% retracement level.
Daily Technical Indicators: [See ICE daily technical indicators chart] Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Relative Strength Index help. The daily MACD line is above its signal line since June 12, 2024. A Parabolic SAR (stop and reversal) indicator (146.54) comes close to the price (147.68). 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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