Global

Technical Analysis Hints Where Intercontinental Exchange, Inc. (ICE) Is Headed In Next Few Days

Intercontinental Exchange, Inc. (NYSE:ICE) fell by -1.98% in Thursday’s trading session from $68.20 to $66.85. The price has fallen in 6 of the last 10 days and is down by -5.79% over the same course of time. Volume has increased in Thursday’s trading session by 2.19 million shares, but on a weak note. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 4.45 M shares exchanged hands for about $297.15 million.

 

Inside ICE’s Recent Trend

Intercontinental Exchange, Inc. (ICE) lies in the lower part of a weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down through the resistance trend line at $66.13 will initially suggest a lower tendency for gains in the price and this might very well be an early sign that a trend shift is coming. Short-term traders are predicted to see a rally of 5.77% over the course of a quarter and, with 90% chance the price will be floating in the range of $69.95 and $75.70 in this timeframe.

Intercontinental Exchange, Inc. Technical Signals



ICE has witnessed its long term and short term MA triggering a sell signal. Upon corrections, the price will meet resistance from the averages between $68.72 and $67.48. A buy signal will be generated if it crosses above any of these levels. Its pivot point high generated sell signal on Wednesday October 11, 2017, which calls for additional declines until the stock forms a new pivot point low, as this could be a buying opportunity. Volume up and price depreciating is getting our attention as this movement is seen as bearish sign.

Intercontinental Exchange, Inc. (NYSE:ICE) Support And Resistance Levels

Intercontinental Exchange, Inc. (ICE) recorded volume accumulation so there will probably be a surplus of buyers at $65.15. In case of gains, the next resistance from accumulated volume will not be far away from today’s level at $68.17, $68.40 and $69.03.




Accumulated volume is going to prevent the price from rising further at $68.17 and this action will lead the price to take a temporary pause or stay muted for a few days.

Intercontinental Exchange, Inc. (ICE) Risk Assessment

The number of shares changed hands in the stock is good, indicating the interest and low risk associated with it. In the most recent session, the stock price hovered around $1.08 (1.62%) between intraday high and intraday low. Each day in the past 1 week, the average volatility remained at 1.29%.

Previous ArticleNext Article

Related Post

Financially Devastating or Fantastic? – RH (...   The shares of RH have decreased by more than -12.64% this year alone. The shares recently went down by -4.14% or -$3.25 and now trades at $7...
Which Market Offer More Value? – Calpine Cor... The shares of Calpine Corporation have increased by more than 32.11% this year alone. The shares recently went up by 0.07% or $0.01 and now trades at ...
Comparing Top Moving Stocks The Medicines Company ... The shares of The Medicines Company have increased by more than 15.18% this year alone. The shares recently went up by 1.35% or $0.42 and now trades a...
Which Market Offer More Value? – Enbridge En... The shares of Enbridge Energy Management, L.L.C. have decreased by more than -21.14% this year alone. The shares recently went down by -15.57% or -$1....
What the Insider Data Suggests About Kinder Morgan... Recent insider trends for Kinder Morgan, Inc. (NYSE:KMI) have caught the attention of investors. Patters in insider activity can help analysts formula...