ICE Price Prediction Next Week
Analysis and Insights
To predict the stock price of Intercontinental Exchange (ICE) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
- RSI (14): 65.69, indicating the stock is in a neutral zone, not overbought or oversold.
- MACD (12,26): Positive, showing bullish momentum.
- SMA (20): The stock is trading near its 20-day moving average, suggesting support.
- Fibonacci Levels: Resistance at 174.94 and 176.91, with support at 168.54 and 166.57.
News Sentiment and Fundamental Analysis:
- Record Open Interest: ICE reached a record open interest of over 100 million contracts, reflecting strong market confidence.
- Analyst Ratings: Consensus "Strong Buy" with an average price target of $184.62.
- Recent Price Action: Closed at 174.39, slightly below its 20-day SMA, with moderate volume.
Prediction and Recommendation:
Based on the bullish technical indicators and positive news, ICE is expected to reach $185.00 next week. The stock is likely to test resistance levels, supported by strong market sentiment and analyst upgrades.
Recommendation: Buy ICE at its current price with a target of $185.00.
ICE Similar Chart Price Prediction
The price of ICE is predicted to go up 10.75%, based on the high correlation periods with TSCO. The similarity of these two price pattern on the periods is 96.82%.
ICE
TSCO
Up: 10.75%Similarity: 96.82%
ICE Revenue Forecast
ICE EPS Forecast
ICE FAQs
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ICE VS S&P500
Intercontinental Exchange has become increasingly less reliant on transactional revenue as it expands its data and service offerings both organically and through acquisitions.
ICE owns highly valuable proprietary data assets that it has been able to monetize effectively.
With the acquisition of Ellie Mae and the purchase of Black Knight, ICE has the opportunity to benefit from the digitization of the mortgage industry.
ICE Analyst's Forecast
Benjamin Budish
Barclays
Buy
2025-01-13
Price Target
$187 → $179
Upside
+24.4%
Barclays lowered the firm's price target on IntercontinentalExchange to $179 from $187 and keeps an Overweight rating on the shares. The firm says Q4 was mixed across the exchanges. Going into earnings, it is "relatively more cautious" on the group.
Benjamin Budish
Barclays
Buy
2024-12-09
Price Target
$173 → $187
Upside
+19.82%
Brian Bedell
Deutsche Bank
Hold
2024-11-11
Price Target
$160 → $163
Upside
+4.45%
