| ICE latest price $105.0200 (-2.25%) ($104.0350 - $107.0000) on Fri. Aug. 5, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.92% (three month average) |
RSI | 74 |
Latest Price | $105.0200(-2.25%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ICE advances 0.6% a day on average for past five trading days. |
Weekly Trend | ICE advances 2.9% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support ICE advance at 0% a week (0% probability) IVE(70%) IWD(70%) SPY(70%) DIA(68%) SDY(68%) |
Factors Impacting ICE price | ICE will decline at least -0.96% in a week (0% probabilities). VIXM(-30%) UUP(-28%) TBT(-14%) VXX(-2%) EDOC(0%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -0.96% (StdDev 1.92%) |
Hourly BBV | -0.3 () |
Intraday Trend | -1.2% |
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