Billion

Rise

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Intercontinental Exchange stock price closed at $115.04 while witnessing a gain of 0.21% during the last intraday session.</a> </li> 
 <li> <span>2</span> <a>Ice stock price trades above 20, 50,100, and 200-day.</a> </li> 
 <li> <span>3</span> <a>The year-to-date return of the Intercontinental exchange is 11.02%.</a> </li> 
</ul> 
<p>ICE stock price has been in a strong uptrend since the start of June 2023, rising from the low of $104 and forming an annual high of $117.85. The stock price had rallied roughly 13.33% from the $104 low. The uptrend move was halted as the price faced strong rejection from $117.85 and retraced to form a support at $115.50.&nbsp;</p> 
<p>On 27 July 2023, the ICE stock price gained enough bearish momentum to shatter the support level and closed below it. However, the last candle closed as bullish, attempting to retest the previous zone.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/mwAKHhe7KNkfGhEHsVEtL0ejabJr6gYGFjO9ZE0ARS981Z0tj2FkTBDWDTI_ZmxGG2gUfJ7EYGUx7SO1zEMHoIXZmxGt0RHRJLNMP_8G1ch88YIzQ9UHSb20XJtzdYPRvSoh4K2xpRfFLdi4l4ZVRg" alt="Intercontinental Exchange (ICE) Stock: Can it Beat Expectations?"> 
  <figcaption class="wp-element-caption">
    Source: ICE Stock Price By <a href="https://www.tradingview.com/x/UJwfDjoT/" rel="noopener noreferrer nofollow">TradingView</a>. 
  </figcaption> 
 </figure> 
</div> 
<p>If the next candle is successful in breaking the high of the last candle, it might re-enter the previous zone. On the other hand, if the next candle breaks the low of the last candle, the price might head toward the next support level of $111.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-intercontinental-exchange-earnings-expectation-strong"><strong>Intercontinental Exchange Earnings Expectation</strong></h2> 
<p><a href="https://www.thecoinrepublic.com/2023/06/26/ice-stock-about-to-cross-52-week-high-will-it-rally-ahead/" rel="noopener noreferrer nofollow">Intercontinental Exchange</a> will release its second-quarter results on August 3, 2023. The consensus has estimated the revenue to be $1.892 Billion and earnings per share (EPS) to be $1.37. The strong performance in the exchanges, fixed income, and data services segment is likely to have boosted the revenue in the to-be-reported quarter.&nbsp;</p> 
<p>ICE has delivered positive earnings in three out of four quarters. The exchange segment might have benefitted from higher transaction revenues, growth in equity derivative business and agricultural commodities, increase in listing.&nbsp;</p> 
<p>There has also been a hike in interest rate business as well as global natural gas revenues which have helped in increasing revenue.&nbsp;</p> 
<p>The mortgage technology business segment might have been affected by the lower mortgage organization volumes driven by rising interest rates. Expenses are likely to decrease because of lower compensation benefits, acquisition-related transaction and integration costs, rent, occupancy, and professional services.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-will-ice-stock-price-rise-above-120-level-if-the-earnings-are-positive-strong"><strong>Will ICE Stock Price Rise Above $120 Level if the Earnings are Positive?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/P3bCByFVlBrvYZZdjvsO_cu45GBUnpsAnSt2iQ49LcAX-QjSYrb791L-s_yOGGKtFrfH9eJJiRLIk5uquVs1EbpKsmSN5zwJt4XTabXwbjbcDHzOov3FP2AY-ExW3Zj2gB6wqFwFqfk40caKloK03g" alt="Intercontinental Exchange (ICE) Stock: Can it Beat Expectations?"> 
  <figcaption class="wp-element-caption">
    Source: ICE Stock Price By <a href="https://www.tradingview.com/x/kJvpW24J/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>. 
  </figcaption> 
 </figure> 
</div> 
<p>The<a href="https://www.thecoinrepublic.com/2023/06/26/ice-stock-about-to-cross-52-week-high-will-it-rally-ahead/" target="_blank" rel="noopener noreferrer nofollow"> stock price </a>traded above 20,50,100 and 200-day Exponential moving average indicating bullish momentum. Chaikin money flow score is 0..13 suggesting a strength in the market. CMF has been trading above the 0 mark since mid-June 2023.&nbsp;</p> 
<p>The relative strength index has crossed the 50 mark and stands at 55.01 indicating slight bullish momentum in the price. ICE stock price has crossed below the 20-day SMA and might head toward a lower band if the low of the last candle is broken and the earnings result turned out to be negative.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Zacks’s, an investment research firm, proven model predicts that intercontinental exchange can crush the earning estimates. Market structure and price action have turned slightly bearish after the break of the $115.50 level. Technical parameters suggest that bearish pressure is increasing over the price.</p> 
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5> 
<ul> 
 <li>Major support: $110 and $104</li> 
 <li>Major resistance: $117.70 and $110</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Intercontinental Exchange (ICE) Stock: Can it Beat Expectations?

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Thecoinrepublic.com

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