Intercontinental Exchange Inc

ICE’s recent rally has stalled and reversed at the 50 SMA after an early Stage 1 consolidation, invalidating the break above and reinforcing medium-term downside pressure. The long-term downtrend remains intact with price below key DMAs, and the active Bullish Exhaustion pattern highlights waning upside momentum. We prefer trimming into rallies near the 50 SMA/resistance zone while awaiting clearer distribution signals.

• ↑Q1 2026 adjusted EPS $2.35 (+37% YoY) on $3B revenues (+18%)
• ↑Returned $850M to shareholders in Q1, including $550M buybacks (FCF $1.2B)
• ↓Weak growth revisions suggest faltering investor confidence in earnings trajectory