When (ICE) Moves Investors should Listen

August 01, 2024, 10:20 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ICE

• Buy ICE slightly over 152.4 target n/a stop loss @ 151.96. Details

The technical summary data tells us to buy ICE near 152.4, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 151.96 to protect against excessive loss in case the stock begins to move against the trade. 152.4 is the first level of support below 152.57, and by rule, any test of support is a buy signal. In this case, if support 152.4 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for ICE

• Buy ICE slightly over 152.72, target n/a, Stop Loss @ 152.28 Details

If 152.72 begins to break higher, the technical summary data tells us to buy ICE just slightly over 152.72, with an upside target of n/a. The data also tells us to set a stop loss @ 152.28 in case the stock turns against the trade. 152.72 is the first level of resistance above 152.57, and by rule, any break above resistance is a buy signal. In this case, 152.72, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ICE slightly near 152.72, target 152.4, Stop Loss @ 153.16. Details

The technical summary data is suggesting a short of ICE if it tests 152.72 with a downside target of 152.4. We should have a stop loss in place at 153.16 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 152.72, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ICE

• Buy ICE slightly over 152.72, target 153.08, Stop Loss @ 152.36 Details

If 152.72 begins to break higher, the technical summary data tells us to buy ICE just slightly over 152.72, with an upside target of 153.08. The data also tells us to set a stop loss @ 152.36 in case the stock turns against the trade. 152.72 is the first level of resistance above 152.57, and by rule, any break above resistance is a buy signal. In this case, 152.72, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ICE slightly near 152.72, target 152.4, Stop Loss @ 153.08. Details

The technical summary data is suggesting a short of ICE if it tests 152.72 with a downside target of 152.4. We should have a stop loss in place at 153.08 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 152.72, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Intercontinental Exchange Inc. (ICE) available here: ICE.

ICE Ratings for August 01:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	136.94
P2	152.07	150.54	144.8
P3	153.08	152.72	152.4

AI Generated Signals for ICE

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