ICE Price Prediction Next Week
Based on the provided data and recent market activity, here's the analysis and price prediction for ICE for the next trading week:
Technical Analysis
The stock is currently trading at $156.76, showing a slight bearish trend in the short term with RSI at 65.13, indicating a neutral to slightly overbought condition. The stock is trading below its 60-day SMA of $154.18 but above its 20-day SMA of $149.48, suggesting a mixed momentum picture.
Fibonacci Levels Key resistance levels:
- R1: $156.57
- R2: $160.42
- R3: $166.67
Key support levels:
- S1: $144.08
- S2: $140.23
- S3: $133.99
News Impact
- ICE reported record trading volumes in 2024 with 2 billion futures and options contracts
- Strong performance in commodities trading with 655M oil contracts and 404M natural gas contracts
- Recent analyst consensus shows a "Strong Buy" rating with a mean price target of $181.38, suggesting a 16% upside potential
Price Prediction for Next Week Based on technical indicators and recent news:
- Bullish scenario (60% probability): Price likely to test R1 at $156.57 and potentially reach R2 at $160.42
- Bearish scenario (30% probability): Price could retrace to first support at $144.08
- Sideways scenario (10% probability): Consolidation between $154-$157
Trading Recommendation BUY with entry point at current level ($156.76) with following strategy:
- Target: $160.42 (R2 level)
- Stop loss: $154.00 (below current 60-day SMA)
- Risk/Reward ratio: 1:1.2
The recommendation is supported by:
- Strong fundamental performance with record trading volumes
- Positive analyst consensus
- Technical support from multiple moving averages
- Favorable Fibonacci levels structure
ICE Similar Chart Price Prediction
The price of ICE is predicted to go up 6.45%, based on the high correlation periods with MGEE. The similarity of these two price pattern on the periods is 95.99%.
ICE
MGEE
Up: 6.45%Similarity: 95.99%
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
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
Price Target
$173 → $187
Upside
+19.82%
Benjamin Budish
Barclays
Buy
Price Target
$179 → $173
Upside
+11.8%