Intercontinental Exchange, Inc. is a global provider of technology and data to a range of customers including financial institutions, corporations, and government entities. Co. operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology. The Exchanges segment operates regulated marketplace technology for the listing, trading, and clearing of an array of derivatives contracts and financial securities. The Fixed Income and Data Services segment provides fixed income pricing, reference data, indices, analytics, and execution services, as well as global credit default swaps (CDS), clearing and multi-asset class data delivery technology.
When researching a stock like Intercontinental Exchange, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from ICE Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for ICE stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the ICE 200 day moving average ("ICE 200 DMA"), while one of the most popular "shorter look-backs" is the ICE 50 day moving average ("ICE 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Intercontinental Exchange. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the ICE 200 DMA and the ICE 50 DMA, we get a moving average convergence divergence indicator ("ICE MACD"). The ICE MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
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Video: Technical Analysis