ICAHN ENTERPRISES LP (IEP) Stock Technical Analysis
NASDAQ:IEP • US4511001012
We assign a technical rating of 4 out of 10 to IEP. In the past year, IEP was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 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. 83% 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.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month IEP has a been trading in the 7.62 - 8.29 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- IEP has an average volume of 1040640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, IEP does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 8.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.00, a Stop Loss order could be placed below this zone.
More info and screens
7.17
2 important support areas can be observed.
- A support zone ranging from 7.94 to 8.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.24 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 8.14 to 8.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.68 from a trend line in the daily time frame.
- Resistance @8.86 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for IEP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IEP is up. |
| ChartMill Relative Strength | 20.11 | NEGATIVE | IEP has a low relative strength, it was outperformed by 79.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IEP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IEP is above 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) | 55.68 | NEUTRAL | The RSI value for IEP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests IEP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.3 | NEUTRAL | The Stochastics value for IEP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for IEP suggests some volalility. |
| Average Directional Index/ADX (14) | 23.96 | NEUTRAL | The ADX value for IEP suggests a possible start of a new trend. |
8.06
-0.02 (-0.25%)
ICAHN ENTERPRISES LP / IEP FAQ
What is the ChartMill technical rating of ICAHN ENTERPRISES LP (IEP) stock?
ChartMill assigns a technical rating of 4 / 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 55.6805. 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 0.0239272, indicating a bearish trend.
What is the support and resistance level for IEP stock?
ICAHN ENTERPRISES LP (IEP) has a support level at 8 and a resistance level at 8.14. Check the full technical report for our detailed analysis of IEP support and resistance levels.