The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 10/16/2026 -
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IntercontinentalExchange Inc. (ICE) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtThe price is above the upper Bollinger Band
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It was a second positive week after 5 consecutive negative weeks for the IntercontinentalExchange Inc. (ICE). During the week, the ICE gained 5.37 points, or 3.44%, and closed at 161.56 on Friday, October 16, 2026. Weekly volume was -11% below average.

Long-term trend: [See ICE long-term trend chart]
A long-term downtrend had started on August 8, 2025 at 189.35 and reached 121.79 on June 29, 2026. ICE lost 67.56 points, or 35.68%, in 46 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (113.22) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ICE may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See ICE medium-term trend chart]
A medium-term uptrend had started on June 29, 2026 at 121.79 and reached 164.66 on September 3, 2026. ICE gained -42.87 points, or -35.20%, in 9 weeks. The price is now at the 7.23% retracement level.

Weekly Technical Indicators: [See ICE weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 24, 2026. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See ICE short-term trend chart]
A short-term uptrend had started on October 5, 2026 at 147.50 and reached 161.69 on October 16, 2026. ICE gained -14.19 points, or -9.62%, in 11 days. Price is near the trend high.

Daily Technical Indicators: [See ICE daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since October 8, 2026. This is an indication that the short-term trend is up.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.01
Williams' Percentage Range (W%R) 16.60
Overbought
Lane's Stochastic (%D-Slow) 88.26
Overbought
Greed/Fear Indicator (GFI) 80.90
Overbought
Moving Average Converg./Diverg. (MACD) -0.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.90
Williams' Percentage Range (W%R) 12.40
Overbought
Lane's Stochastic (%D-Slow) 50.48
Greed/Fear Indicator (GFI) 65.78
Moving Average Converg./Diverg. (MACD) -0.78
Trading Signals
Description Value Chart
Price 161.56
Upper Bollinger Band 161.11
Daily Stochastic Crossing 160.20
50 Day Moving Average 156.27
Weekly Stochastic Crossing 155.46
20 Day Moving Average 154.67
Parabolic System 153.94
Yearly Trendline Resistance 153.45
Lower Bollinger Band 150.32
Sector and Industry
Description Name Rank
Sector Financials 4
Industry Financial Exchanges & Data 97
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 154.82
Low Date 10/14/2026
High 161.69
High Date 10/16/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 147.50
Low Date 10/05/2026
High 161.69
High Date 10/16/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 164.66
High Date 09/03/2026
Low 147.50
Low Date 10/05/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 121.79
Low Date 06/29/2026
High 164.66
High Date 09/03/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 153.45
Support 113.22
High 189.35
High Date 08/08/2025
Low 121.79
Low Date 06/29/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.