ICAHN ENTERPRISES LP (IEP) Technical Analysis
NASDAQ:IEP • US4511001012
Current stock price
IEP Technical Rating and Analysis
Overall IEP gets a technical rating of 0 out of 10. 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.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, IEP is a bad performer in the overall market: 70% of all stocks are doing better.
- IEP is part of the Industrial Conglomerates industry. There are 7 other stocks in this industry, of which 66% are performing better than IEP.
- IEP is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IEP is lagging the market.
- In the last month IEP has a been trading in the 7.43 - 8.28 range, which is quite wide. It is currently trading near the lows of this range.
IEP Weekly and Daily overview Charts
IEP Setup Rating and Analysis
Although the technical rating is bad, IEP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 7.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.67, a Stop Loss order could be placed below this zone.
More info and screens
IEP Support and Resistance Analysis
7.17
We found 2 important support areas.
- A support zone ranging from 7.44 to 7.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.24 to 7.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 7.80 to 8.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.45 from a trend line in the daily time frame.
- Resistance @9.40 from a horizontal line in the daily time frame.
IEP Technical Indicator Signal Analysis
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 | 30.22 | NEUTRAL | IEP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of IEP is above 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) | 50.69 | NEUTRAL | The RSI value for IEP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests IEP has a positive trend. |
| Stochastics (14,3) | 39.93 | NEUTRAL | The Stochastics value for IEP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for IEP suggests some volalility. |
| Average Directional Index/ADX (14) | 16.09 | NEGATIVE | The low ADX value for IEP suggests a weak or negative trend. |
IEP Chart- and CandleStick Pattern Analysis
IEP Technicals: Chart, Performance Metrics, Trend & Indicators
7.72
+0.08 (+1.05%)
ICAHN ENTERPRISES LP / IEP TA FAQ
What is the ChartMill technical rating of ICAHN ENTERPRISES LP (IEP) stock?
ChartMill assigns a technical rating of 0 / 10 to IEP.
What is the trend direction for IEP stock?
The current trend direction for ICAHN ENTERPRISES LP (IEP) is Bearish.
What is the RSI signal for ICAHN ENTERPRISES LP (IEP) stock?
ICAHN ENTERPRISES LP (IEP) has an RSI value of 50.6891. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ICAHN ENTERPRISES LP?
The short term momentum for ICAHN ENTERPRISES LP (IEP) is neutral.
What are the support and resistance levels for ICAHN ENTERPRISES LP (IEP) stock?
ICAHN ENTERPRISES LP (IEP) has a support level at 7.67 and a resistance level at 7.8. Check the full technical report for our detailed analysis of IEP support and resistance levels.