ICE stock: buy or sell
Updated on:
Mar 2nd, 2021
2
ICE stock brief
- Intercontinental Exchange stock exploded 3.11% to close at $113.74 on the stock market on Monday.
Should I buy Intercontinental Exchange stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $ICE stock a buy?
In the current situation of Intercontinental Exchange there is just one buy setup eligible:
ATH buy setup
One of the most recommended trading strategies is to buy on All-time Highs (ATH) breakouts. The good point of buying at ATHs is that shares price doesn't struggle with upper resistances, and usually it rises quickly. However, you must always be aware of a possible bulls trap that may trigger your buy order and then drops sharply. That's why a stop loss is always important. Price is now at 4.64% of all-time highs and it can breakout at any time, so if you want to trade this setup it's recommended to setup your order at $119.02. Arm your stop-loss at $107.12
| Buy setup | Buy point | Stop loss | Risk |
| ATH buy setup | $119.02 | $107.12 | 10.00% |
Should I sell Intercontinental Exchange stock?
When is it time to sell Intercontinental Exchange stock?. Trading strategies prevent us from making impetuous decisions based on our feelings or the noise surrounding the market. When selling, as well as buying, our setups are very simple to use but are only valid for selling shares in your porfolio, not for selling short $ICE stock
As a rule of thumb, you should never mantain an investment that results in losses greater than those expected by the time of the buy. The moment to sell your stock always has to be ruled by the stop-loss (automatic or manual)
Is it time to sell Intercontinental Exchange stock?
Currently, Intercontinental Exchange stock doesn't match any of our preferred sell setups, so if you hold Intercontinental Exchange stock and your operation is in profit probably is not time to sell now
Intercontinental Exchange ratings
We don't have any rating posted in the last month for Intercontinental Exchange
Intercontinental Exchange stock analysis
SMAs overview
Supports and resistances
The current resistance levels are:
The current supports are:
Bollinger bands
The price is moving near to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell point, as price can move in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 last January after just crossing to the overbough zone for 1 day (weak signal). The RSI value on Monday was 53.9. Since that level was lost, Intercontinental Exchange price dropped a 3.48%
Intercontinental Exchange stock price history
Intercontinental Exchange went public priced at an adjusted price1 of $7.12 on Nov 2005. Since then, ICE stock surged by 1,497.47%, with an average of 99.83% per year. An investment of $1,000USD on the IPO would have a value of $15,974.72 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Intercontinental Exchange stock
Nobody knows how much a stock will be priced tomorrow. Banks and financial organisations issue their analysis forecasting how a stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions publish their price estimates based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new fundamental information by the company, and many times. If you are a small investor you shouldn't trade based on these predictions.
We don't have any target price published in the previous 4 weeks for Intercontinental Exchange.
Earnings and financials
Intercontinental Exchange, Inc. ($ICE) came out with earnings of $1.13 per share in early February, slightly upping the Market consensus estimate of $1.08 per share. This Q4 report means an earnings surprise of 4.63%. On the contrary, the company reported revenue was $1.7 billion in line with the market estimates.
In comparison, the EPS for the same quarter last year was $0.95, so posted EPS means a gain of 18.95%. Revenue exploded a 28.74% on an annualized basis in the , from $13.0B to $16.7B last quarter.ICE ($ICE) is posting quarterly earnings report late next April. Market forecasts of $1.23, compared to previous quarter that was $1.13.
Intercontinental Exchange performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Intercontinental Exchange ($ICE) | 1.90% | 9.50% | 8.20% |
Please read:
The thoughts published in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this article does not have an understanding of the individual conditions of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are published for informational reasons onlyICE summary
| Monday, March 1st, 2021 | |
|---|---|
| Open | $111.12 |
| Close | $113.74 |
| Day range | $110.98 - $114.26 |
| Previous close | $110.31 |
| Session gain | 3.11% |
| Average true range | $2.41 |
| 50d mov avg | $113.44 |
| 100d mov avg | $107.47 |
| 200d mov avg | $102.06 |
| Earnings date | April 29th, 2021 |