ICAHN ENTERPRISES LP (IEP) Stock Technical Analysis
NASDAQ:IEP - Nasdaq - US4511001012 - Currency: USD
We assign a technical rating of 0 out of 10 to IEP. IEP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, IEP is a bad performer in the overall market: 92% of all stocks are doing better.
IEP is part of the Industrial Conglomerates industry. There are 6 other stocks in this industry, of which 100% are performing better than IEP.
IEP is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month IEP has a been trading in the 7.93 - 8.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, IEP does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
8.10
9.79
When analyzing the support we notice one important area.
- Support @8.18 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 8.32 to 8.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 8.58 to 8.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.01 from a trend line in the daily time frame.
- A resistance zone ranging from 9.60 to 9.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for IEP is down. |
| ChartMill Relative Strength | 8.6 | NEGATIVE | IEP has a low relative strength, it was outperformed by 91.4% 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) | DOWN | NEGATIVE | The current price of IEP is below a declining 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) | 43.77 | NEUTRAL | The RSI value for IEP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests IEP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.02 | NEUTRAL | The Stochastics value for IEP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for IEP suggests some volalility. |
| Average Directional Index/ADX (14) | 18.17 | NEGATIVE | The low ADX value for IEP suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
8.19
-0.05 (-0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryIndustrial Conglomerates
Performance
% Chg-0.61%
1 Week-1.56%
2 Weeks0.49%
1 Month-2.27%
3 Month-11.07%
6 Month-8.39%
12 Month-50.3%
2 Year-71.79%
3 Year-82.98%
5 Year-83.11%
10 Year-90.56%
15 Year-77.83%
Volatility
ATR(14)0.23
ATR(20)%2.77%
ATR Inc16.85%
Range Today0.17
ADR(20)0.23
ADR(20)%2.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.6
Mansfield-3.26
10 Day High8.75
10 Day Low7.93
20 Day High8.75
20 Day Low7.93
52 Week High17.93
52 Week Low7.27
CS1 End8.18
CR1 Start8.32
Volume & EV
DER(3)-6.99%
DER(5)-9.9%
Volume516.10K
Volume Incr9.84%
Vol(5)770.44K
Vol(50)722.47K