NASDAQ · STOCK
Intercontinental Exchange
$152.50
52W $121.79 – $189.35
52/100
$85.60B
21.4
0.95
Is ICE Bullish or Bearish?
Mixed.
Innellis AI committee rates Intercontinental Exchange (ICE) Watch with a composite score of 52/100
, based on 7 analysts with 71% agreement.
Last updated July 31, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +8.14 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -11.86 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Growth Analyst sees a compelling case — eps growing 42.2% yoy. Risk Analyst remains cautious — bollinger bandwidth of 19.2% signals elevated volatility. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- EPS growing 42.2% YoY — Growth
- 5 consecutive earnings beats -- consistent execution — Growth
- MACD histogram positive -- bullish momentum — Technical
- Market regime is bullish (Bull market -- normal position sizing) — Macro
Bear Case
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- RSI at 86 is in overbought territory — Technical
- Price trading above the upper Bollinger Band -- stretched — Technical
- Bollinger bandwidth of 19.2% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of July 31, 2026
Overall Committee Score
52/100
Agreement
71%
Analysts
7
Conviction
Moderate
Sector Rank
Top 85%
of 141 Financial Services peers
Value Analyst
neutral
58
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
Growth Analyst
bullish
60
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ EPS growing 42.2% YoY
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst
neutral
48
/ 100 · High confidence
Mixed or range-bound price action
+ MACD histogram positive -- bullish momentum
− RSI at 86 is in overbought territory
Risk Analyst
bearish
35
/ 100 · Low confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− Bollinger bandwidth of 19.2% signals elevated volatility
Macro Analyst
neutral
58
/ 100 · Moderate confidence
Macro backdrop is mixed or neutral -- not a strong tailwind or headwind either way
+ Market regime is bullish (Bull market -- normal position sizing)
News Analyst
neutral
60
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 2744.14)
Investment Thesis Evolution
Committee score weakened from 55.6 to 51.9.
- Conviction changed from contested to moderate.
- Committee agreement increased sharply from 43% to 71%.
- New bearish signals: 5 appeared.
- Bullish support removed: 3 signal(s) disappeared.
- New bullish signals: 2 appeared.
- Bearish pressure eased: 4 signal(s) disappeared.
- Analyst(s) changed stance: Macro Analyst, News Analyst.
Analyst-level changes:
- Growth Analyst: score 72->60 (-12); +1 bearish signal(s); +1 bullish signal(s).
- Macro Analyst: stance bullish->neutral; score 65->58 (-8); +1 bullish signal(s).
- News Analyst: stance bullish->neutral; score 66->60 (-6).
- Portfolio Manager: +2 bearish signal(s).
- Risk Analyst: +1 bearish signal(s).
- Technical Analyst: +1 bearish signal(s).
Comparing 2026-07-30 to 2026-07-31 (1 day apart).
Technical Analysis
RSI (14)
67.9
Neutral
MACD Histogram
1.876
Bullish Momentum
Trend Direction
Sideways
Weekly: Downtrend
Market Structure
Mixed
Support
$152.39
Resistance
$167.92
Bollinger %B
0.86
Inside Bands
Price vs Moving Averages
EMA 9
$149.40
Above
EMA 21
$144.25
Above
EMA 50
$143.42
Above
EMA 200
$153.49
Below
Fundamental Analysis
Valuation
84
Growth
60
Profitability
1
Financial Health
54
Cash Flow
37
Valuation
P/E Ratio
21.4×
P/B Ratio
2.91×
PEG Ratio
0.61
Dividend Yield
0.01%
52W High
$189.35
52W Low
$121.79
Quality & Growth
ROE
11.4%
ROA
2.4%
Gross Margin
73.4%
Operating Margin
44.9%
Revenue Growth YoY
—
Debt / Equity
0.69
AI Fundamental Assessment
P/E ratio of 21.4 (inexpensive relative to a 15-40x range); Price-to-book of 2.9x; PEG ratio of 0.6 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 0.1%; Return on assets of 0.0%; Net margin of 0.3%; Gross margin of 0.7%; Current ratio of 1.01 (tight short-term liquidity); Debt-to-equity of 0.69; Free cash flow margin of 0.9% (thin cash generation); Free cash flow per share is positive (5.52); Most recent quarter beat estimates by 2.3%; 5 consecutive earnings beats; EPS growth decelerating (+37.4% -> -19.1% QoQ); Average YoY EPS growth of 5.0%; Analyst estimates rising over recent quarters
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