Intercontinental Exchange Inc Stock Forecast
Weaker technical forecast for Intercontinental Exchange Inc as stock downgraded to Sell Candidate.
(Updated on Jun 14, 2024)
The Intercontinental Exchange Inc stock price gained 0.303% on the last trading day (Friday, 14th Jun 2024), rising from $135.26 to $135.67. During the last trading day the stock fluctuated 1.37% from a day low at $134.00 to a day high of $135.84. The price has risen in 6 of the last 10 days and is up by 1.32% over the past 2 weeks. Volume fell on the last day by -381 thousand shares and in total, 1 million shares were bought and sold for approximately $178.92 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Intercontinental Exchange Inc stock with a 90% probability to be traded between $125.49 and $137.41 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ICE Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -1.97%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The Intercontinental Exchange Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $134.87 and $133.98. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Intercontinental Exchange Inc stock
Intercontinental Exchange Inc finds support from accumulated volume at $134.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.84 between high and low, or 1.37%. For the last week the stock has had daily average volatility of 1.10%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ICE) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Intercontinental Exchange Inc to open at $135.17, and during the day (based on 14 day Average True Range), to move between $133.74 and $137.60, which gives a possible trading interval of +/-$1.93 (+/-1.42%) up or down from last closing price. If Intercontinental Exchange Inc takes out the full calculated possible swing range there will be an estimated 2.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $136.05 (0.28%) than the support at $134.40 (0.94%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Intercontinental Exchange Inc stock A Buy?
Intercontinental Exchange Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.727 Sell Candidate Downgraded
Predicted Opening Price for Intercontinental Exchange Inc of Monday, June 17, 2024
Fair opening price June 17, 2024 | Current price |
---|---|
$135.17 ( 0.370%) | $135.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ICE
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 137.00 | 0.98% |
R2 | 136.30 | 0.466% |
R1 | 135.87 | 0.147% |
Price | 135.67 | |
S1 | 134.47 | -0.89% |
S2 | 134.03 | -1.21% |
S3 | 133.33 | -1.72% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 138.10 | 1.79% |
R2 | 137.87 | 1.62% |
R1 | 136.05 | 0.280% |
Price | 135.67 | |
S1 | 134.40 | -0.94% |
S2 | 130.50 | -3.81% |
S3 | 126.54 | -6.73% |
ICE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 16, 2024 | Dec 16, 2024 | Dec 31, 2024 | $0.450 | 0.332% |
2 | Sep 16, 2024 | Sep 16, 2024 | Sep 30, 2024 | $0.450 | 0.332% |
3 | Feb 08, 2024 | Jun 13, 2024 | Jun 28, 2024 | $0.450 | 0.332% |
4 | Mar 14, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.450 | 0.327% |
5 | Nov 02, 2023 | Dec 13, 2023 | Dec 29, 2023 | $0.420 | 0.327% |
FAQ
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