Over the past 52 weeks, the shares of Intercontinental Exchange, Inc. (NYSE:ICE) has been trading as low as $67.7 before witnessing a massive surge by 7.16% or $4.85. This price movement has led to the ICE stock receiving more attention and has become one to watch out for. It jumped by 0.07% on Monday and this got the market excited. The stock’s beta now stands at 0.51 and when compared to its 200-day moving average and its 50-day moving average, ICE price stands -3.82% below and -3.48% below respectively. Its average daily volatility for this week is 1.48% which is less than the 1.5% recorded over the past month. The shares of Intercontinental Exchange, Inc. dropped by -12.22% or -$10.1 from its last recorded high of $82.65 which it attained on March 12 to close at $72.55 per share.
Intercontinental Exchange, Inc. (ICE) sank -4.77% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -2.36% and is now down by -3.69% since start of this year. A look at its monthly performance shows that the stock has recorded a -3.97% fall over the past 30 days. Its equity price dipped by -8.47% over the past three months which led to its overall six-month decrease to stand at -6.24%.
Experts from research firms are bullish about the near-term performance of Intercontinental Exchange, Inc. with most of them predicting a $85.28 price target on a short-term (12 months) basis. The average price target by the analysts will see a 17.55% rise in the stock and would lead to ICE’s market cap to surge to $49.25B. The stock has been rated an average 1.8, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 18 analysts that track Intercontinental Exchange, Inc. (NYSE:ICE) and find out that 2 of them rated it as a Hold. 16 of the 16 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.
A look at ICE technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 35.26 point. Its trading volume has lost -341307 shares compared to readings over the past three months as it recently exchanged 2638693 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2980000 shares, and this is 0.89 times the normal volume.
The price of Huntsman Corporation (NYSE:HUN) currently stands at $23.91 after it went up by $0.56 or 2.4% and has found a strong support at $23.53 a share. If the HUN price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $23.14 mark would also be bad for the stock as it means that the stock would plunge by 3.22% from its current position. However, if the stock price is able to trade above the resistance point around $24.27, then it could likely surge higher to try and break the upward resistance which stands at $24.64 a share. Its average daily volatility over the past one month stands at 2.92%. The stock has plunged by 85.33% from its 52-weeks high of $3.5085 which it reached on Mar. 13, 2018. In general, it is 26.47% above its 52-weeks lowest point which stands at $17.58 and this setback was observed on Dec. 24, 2018.
Analysts have predicted a price target for Huntsman Corporation (HUN) for 1 year and it stands at an average $28.78/share. This means that it would likely increase by 20.37% from its current position. The current price of the stock has been moving between $23.5085 and $24.255. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $22. On the other hand, one analyst is super bullish about the price, setting a target as high as $40.
The HUN stock Stochastic Oscillator (%D) is at 12.57%, which means that it is currently oversold and its prices could jump very soon. The shares P/S ratio stands at 0.6 which compares to the 1.79 recorded by the industry or the 2.74 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 7.1, which is lower than the 10.08 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 33.9% over the past five years.
Analysts view Huntsman Corporation (NYSE:HUN) as a Hold, with 2.4 consensus rating. Reuters surveyed 15 analysts that follow HUN and found that 4 of those analysts rated the stock as a Hold. The remaining 11 were divided, with 10 analyst rating it as a Buy or a Strong Buy while 1 analysts advised investors to desist from buying Huntsman Corporation (HUN) shares or sell it if they already own it.
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