Intercontinental Exchange Inc Stock Forecast
Intercontinental Exchange Inc stock downgraded from Strong Buy Candidate to Buy Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Intercontinental Exchange Inc stock price fell by -1.00% on the last day (Tuesday, 25th Jun 2024) from $138.72 to $137.33. During the last trading day the stock fluctuated 1.80% from a day low at $136.63 to a day high of $139.09. The price has risen in 8 of the last 10 days and is up by 2.58% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -624 thousand shares and in total, 2 million shares were bought and sold for approximately $226.17 million.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $138.75 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Intercontinental Exchange Inc stock with a 90% probability to be traded between $129.41 and $140.67 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
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 $137.04 and $135.31. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -1.00%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Intercontinental Exchange Inc stock
Intercontinental Exchange Inc finds support from accumulated volume at $137.11 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 $2.47 between high and low, or 1.80%. For the last week the stock has had daily average volatility of 1.55%.
Our recommended stop-loss: $131.75 (-4.06%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 36 days ago.)
Trading Expectations (ICE) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Intercontinental Exchange Inc to open at $137.68, and during the day (based on 14 day Average True Range), to move between $135.31 and $139.35, which gives a possible trading interval of +/-$2.02 (+/-1.47%) up or down from last closing price. If Intercontinental Exchange Inc takes out the full calculated possible swing range there will be an estimated 2.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $137.11 (0.16%) than the resistance at $137.84 (0.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Intercontinental Exchange Inc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Intercontinental Exchange Inc stock to perform well in the short-term period. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.563 Buy Candidate Downgraded
Predicted Opening Price for Intercontinental Exchange Inc of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$137.68 ( 0.256%) | $137.33 |
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 | 140.15 | 2.05% |
R2 | 139.21 | 1.37% |
R1 | 138.62 | 0.94% |
Price | 137.33 | |
S1 | 136.74 | -0.430% |
S2 | 136.16 | -0.85% |
S3 | 135.22 | -1.54% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 138.72 | 1.01% |
R2 | 137.87 | 0.393% |
R1 | 137.84 | 0.371% |
Price | 137.33 | |
S1 | 137.11 | -0.160% |
S2 | 130.50 | -4.97% |
S3 | 126.54 | -7.86% |
ICE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 16, 2024 | Dec 16, 2024 | Dec 31, 2024 | $0.450 | 0.328% |
2 | Sep 16, 2024 | Sep 16, 2024 | Sep 30, 2024 | $0.450 | 0.328% |
3 | Feb 08, 2024 | Jun 13, 2024 | Jun 28, 2024 | $0.450 | 0.328% |
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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