The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 7/19/2024 -
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IntercontinentalExchange Inc. (ICE) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal line
Daily :Relative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtA Parabolic SAR indicator is above and near the price
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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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 83.49
Overbought
Williams' Percentage Range (W%R) 7.60
Strong Overbought
Lane's Stochastic (%D-Slow) 88.05
Overbought
Greed/Fear Indicator (GFI) 87.97
Overbought
Moving Average Converg./Diverg. (MACD) 2.81
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.95
Williams' Percentage Range (W%R) 4.10
Strong Overbought
Lane's Stochastic (%D-Slow) 90.94
Strong Overbought
Greed/Fear Indicator (GFI) 83.09
Overbought
Moving Average Converg./Diverg. (MACD) 3.99
Trading Signals
Description Value Chart
Upper Bollinger Band 152.48
Daily Stochastic Crossing 148.80
Weekly Stochastic Crossing 148.33
Price 147.68
Parabolic System 146.54
20 Day Moving Average 142.52
50 Day Moving Average 138.15
Lower Bollinger Band 134.21
Sector and Industry
Description Name Rank
Sector Financials 10
Industry Financial Exchanges & Data 80
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 149.60
High Date 07/18/2024
Low 146.69
Low Date 07/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 149.60
High Date 07/18/2024
Low 146.69
Low Date 07/19/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 131.79
Low Date 05/30/2024
High 149.60
High Date 07/18/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 124.34
Low Date 05/02/2024
High 149.60
High Date 07/18/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 88.60
Low Date 10/13/2022
High 149.60
High Date 07/18/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.