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.
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.
92% of all other stocks performed better in the past year than IEP.
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.
IEP is part of the Industrial Conglomerates industry. There are 150 other stocks in this industry. IEP outperforms 97% of them.
In the last month IEP has a been trading in the 7.93 - 8.75 range, which is quite wide. It is currently trading near the high of this range.
Although the technical rating is bad, IEP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 8.34, a Stop Loss order could be placed below this zone.
More info and screens
7.71
9.86
We found 2 important support areas.
- A support zone ranging from 8.18 to 8.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.79 to 7.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @8.90 from a trend line in the daily time frame.
- A resistance zone ranging from 9.38 to 9.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 9.69 to 9.76. 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 | NEUTRAL | NEUTRAL | The short term trend for IEP is neutral. |
| ChartMill Relative Strength | 8.4 | NEGATIVE | IEP has a low relative strength, it was outperformed by 91.6% off all stocks 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) | 53.94 | NEUTRAL | The RSI value for IEP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests IEP has a positive trend. |
| Stochastics (14,3) | 65.45 | NEUTRAL | The Stochastics value for IEP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for IEP suggests some volalility. |
| Average Directional Index/ADX (14) | 15.81 | 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)
8.56
+0.03 (+0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryIndustrial Conglomerates
Performance
% Chg0.35%
1 Week3.88%
2 Weeks0.12%
1 Month-0.47%
3 Month3.76%
6 Month-6.14%
12 Month-48.25%
2 Year-75.31%
3 Year-84%
5 Year-82.81%
10 Year-89.46%
15 Year-78.86%
Volatility
ATR(14)0.24
ATR(20)%2.65%
ATR Inc-23.94%
Range Today0.09
ADR(20)0.23
ADR(20)%2.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.4
Mansfield-2.97
10 Day High8.6
10 Day Low7.93
20 Day High8.75
20 Day Low7.93
52 Week High17.93
52 Week Low7.27
CS1 End8.34
CR1 Start8.9
Volume & EV
DER(3)0.91%
DER(5)-3.19%
Volume484.10K
Volume Incr-0.47%
Vol(5)703.84K
Vol(50)744.42K