| ICE latest price $109.0000 (-0.78%) ($108.9500 - $110.1600) on Tue. May. 16, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.45% (three month average) |
RSI | 62 |
Latest Price | $109.0000(-0.78%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ICE advances 0.5% a day on average for past five trading days. |
Weekly Trend | ICE advances 0.8% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support ICE advance at 0% a week (0% probability) HYG(57%) JNK(56%) IVE(55%) IWD(50%) SPLV(50%) |
Factors Impacting ICE price | ICE will decline at least -0.725% in a week (0% probabilities). VIXM(-46%) VXX(-42%) TBT(-40%) UUP(-34%) USO(2%) |
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 | -0.725% (StdDev 1.45%) |
Hourly BBV | 0.2 () |
Intraday Trend | -0.7% |
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