| ICE latest price $116.6400 (-0.74%) ($113.7600 - $117.7200) on Mon. Jul. 17, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.1% (three month average) |
RSI | 82 |
Latest Price | $116.6400(-0.74%) |
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 2.1% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support ICE advance at 0% a week (0% probability) IVE(66%) DIA(62%) HYG(59%) JNK(59%) SPY(59%) |
Factors Impacting ICE price | ICE will decline at least -0.55% in a week (0% probabilities). VIXM(-54%) VXX(-50%) TBT(-47%) UUP(-35%) USO(-8%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.55% (StdDev 1.1%) |
Hourly BBV | -0.2 () |
Intraday Trend | -0.1% |
| |
|
|