ICAHN ENTERPRISES LP (IEP) Technical Analysis
NASDAQ:IEP • US4511001012
Overall IEP gets a technical rating of 1 out of 10. IEP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, IEP is a bad performer in the overall market: 80% of all stocks are doing better.
- IEP is one of the lesser performing stocks in the Industrial Conglomerates industry. 66% of 7 stocks in the same industry do better.
- IEP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month IEP has a been trading in the 7.46 - 8.37 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- IEP has an average volume of 1016640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of IEP is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
7.17
We found 1 important support area.
- Support @7.24 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 7.87 to 8.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.57 from a trend line in the daily time frame.
- Resistance @9.40 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for IEP is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IEP is neutral. |
| ChartMill Relative Strength | 20.46 | NEGATIVE | IEP has a low relative strength, it was outperformed by 79.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IEP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of IEP is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IEP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.76 | NEUTRAL | The RSI value for IEP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests IEP has a negative trend. |
| Stochastics (14,3) | 23.44 | NEUTRAL | The Stochastics value for IEP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for IEP suggests some volalility. |
| Average Directional Index/ADX (14) | 21.96 | NEUTRAL | The ADX value for IEP suggests a possible start of a new trend. |
IEP Technicals: Chart, Performance Metrics, Trend & Indicators
7.48
-0.12 (-1.58%)
ICAHN ENTERPRISES LP / IEP FAQ
What is the ChartMill technical rating of ICAHN ENTERPRISES LP (IEP) stock?
ChartMill assigns a technical rating of 1 / 10 to IEP.
What is the trend direction for IEP stock?
The current trend direction for ICAHN ENTERPRISES LP (IEP) is Bearish.
Can you provide the RSI signal for ICAHN ENTERPRISES LP?
ICAHN ENTERPRISES LP (IEP) has an RSI value of 34.7577. This indicates that the stock is currently neutral.
What is the MACD signal for IEP stock?
The MACD indicator for ICAHN ENTERPRISES LP (IEP) has a value of -0.0518248, indicating a bearish trend.
What is the support and resistance level for IEP stock?
ICAHN ENTERPRISES LP (IEP) has a support level at 7.24 and a resistance level at 7.87. Check the full technical report for our detailed analysis of IEP support and resistance levels.