We assign a technical rating of 1 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.
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 a resistance zone just above the current price starting at 7.80. Right above this resistance zone may be a good entry point.
More info and screens
7.17
3 important support areas can be observed.
- Support @7.72 from a trend line in the weekly time frame.
- A support zone ranging from 7.47 to 7.59. 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.
When analyzing the resistance we notice 5 important areas.
- Resistance @7.80 from a horizontal line in the daily time frame.
- Resistance @8.14 from a horizontal line in the daily time frame.
- Resistance @8.53 from a trend line in the weekly time frame.
- A resistance zone ranging from 8.86 to 8.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 20.49 | NEGATIVE | IEP has a low relative strength, it was outperformed by 79.51% 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) | 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) | 51.48 | NEUTRAL | The RSI value for IEP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests IEP has a positive trend. |
| Stochastics (14,3) | 81.18 | OVERBOUGHT | The high Stochastics value suggests IEP may be overbought. |
| Average True Range in percent/ATR (20) | 2.61 | MEDIUM VOLATILITY | The ATR as a percentage value for IEP suggests some volalility. |
| Average Directional Index/ADX (14) | 20.71 | NEUTRAL | The ADX value for IEP suggests a possible start of a new trend. |
7.75
-0.04 (-0.51%)
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 51.483. 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 0.0563052, indicating a bearish trend.
What is the support and resistance level for IEP stock?
ICAHN ENTERPRISES LP (IEP) has a support level at 7.72 and a resistance level at 7.8. Check the full technical report for our detailed analysis of IEP support and resistance levels.