Intercontinental Exchange Inc. (ICE)

ICE stock forecast: buy or sell

ICE stock outlook

  • Intercontinental Exchange closed today at $91.72 after only changing a -0.12%.
  • Last February price started dropping and drawed 2 consecutive lower tops. shares price lost a -9.4% since the downtrend started.
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Disclaimer:
The viewpoints expressed in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this paper does not know the particular conditions of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are expressed for education purposes only

ICE stock chart overview

Should I buy Intercontinental Exchange stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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?

Currently, Intercontinental Exchange stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean ICE will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

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Should I sell Intercontinental Exchange stock?

How to know when is it time to sell Intercontinental Exchange?. Much like when we have to buy shares, determining when is the best time to sell is not a whimsical decision, and we must adhere our own trading strategy. Our trading system selects very simple strategies to guide us on when is the best time to sell our shares. Be aware that these strategies are not intended for selling short ICE stock

As a rule of thumb, you should never mantain a trade that yields losses greater than those expected upon purchase. When to sell your stock should always 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 own Intercontinental Exchange stock and your operation is in profit probably is not time to sell now

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Analysts' recommendations to buy or sell Intercontinental Exchange stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

We don't have any rating posted in the last 30 days for Intercontinental Exchange

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Technical analysis

Intercontinental Exchange continues trending lower since last February, and has accumulated a selloff of -9.4%. Like in all downtrends, the stock oscillates drawing lower tops and bottoms. In this case, we have seen 3 consecutive lower tops

SMAs overview

Moving averages are simple indicators for investors to measure stock direction. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days. Further about Moving Averages from sources like Wikipedia and Investopedia

Supports and resistances

Technical analysts use support and resistance levels as a way to identify price points on a chart that tend to work as obstacles, preventing the price of a stock to move in certain direction. Supports are levels where the price tends to stop as it falls. Price is more likely to "rebound" this level rather than break through it. Nevertheless, if the price breaks down this level, it is likely to continue declining until meeting another support level. On the other side, resistance levels are where the price may find resistance as it rises. In the same manner, the price is more liable to "rebound" at this level, and if it finally ruptures this level, the price will rise more easily until it meets the next resistance

The current resistances are:

  • R1: $92.20 (0.52% above)
  • R2: $93.98 (2.46% above)
  • R3: $94.32 (2.83% above)
  • The current supports are:

  • S1: $91.12 (-0.65% below)
  • S2: $90.38 (-1.46% below)
  • S3: $89.40 (-2.53% below)
  • Bollinger bands

    The so-called Bollinger bands are a well-established technical strategy developed by John Bollinger. In essence, the Bollinger Bands are bands that run around a centralmoving average, varying the distance from the bottom to the top depending on market volatility. They are usually drawn by an interval of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20

    The price is moving very close to the lower Bollinger band, indicating some level of oversold in recent sessions. This is not a buy signal, as price can trade in these levels for many days and weeks

    Relative strength index

    The relative strength index (RSI) is a technical indicator used in the analysis of stock markets. Its objective is to plot the current and historical weakness or strength of a stock or market based on the closing prices of a recent trading period. Oscillator indicators, such as relative strength, are intended to indicate values in the range of 0-100. J. Welles Wilder introduced the relative strength indicator in the late 1970s and since then it has been widely used by investors

    The Relative Strength Indicator (RSI) has been between the the levels of 30 and 70 for many weeks, and therefore, without this indicator really being of any help to us in making any decisions.

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    Earnings and financials

    Intercontinental Exchange Inc. (ICE) posted adjusted EPS for the fiscal first-quarter that met Wall St. expectations. Quarterly EPS was $1.28 per share vs. $1.24. Reported sales were $1.6 billion, in line with analysts' estimates as well.

    Same quarter last year, reported EPS was $0.92, so current EPS means a gain of 39.13%. Turnover exploded a 22.83% on an annualized basis in the first-quarter, from $1.3B to $1.6B last quarter.

    ICE posts quarterly earnings report on Thursday next week. Wall Street analysts expect a per-share earnings of %s of $1.06, that is a 17.19% lower than previous quarter. If you hold or you are thinking of buying ICE shares, be careful as the financial reporting day usually has a higher than usual volatility, and price can gap up or down with very low liquidity and not respecting your buy/stop-loss orders. You can probably uncover more information about the earnings conference call and the earnings reports on the Investor Relations section of its website: http://www.intercontinentalexchange.com.

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