ICAHN ENTERPRISES LP (IEP) Stock Technical Analysis
NASDAQ:IEP - US4511001012
8.29 USD
-0.08 (-0.93%)
8.3899 USD
+0.1 (+1.21%)
We assign a technical rating of 1 out of 10 to IEP. IEP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
85% of all other stocks performed better in the past year than IEP.
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, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month IEP has a been trading in the 8.21 - 9.52 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days.
IEP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 8.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.21, a Stop Loss order could be placed below this zone.
More info and screens
8.07
9.79
We found 1 important support area.
- A support zone ranging from 8.15 to 8.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 8.60 to 8.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.14 to 9.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 9.41 to 9.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.69 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 | DOWN | NEGATIVE | The short term trend for IEP is down. |
| ChartMill Relative Strength | 15.25 | NEGATIVE | IEP has a low relative strength, it was outperformed by 84.75% 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) | UP | MIXED | The current price of IEP is below 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) | 36.77 | 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. |
| Stochastics (14,3) | 27.95 | NEUTRAL | The Stochastics value for IEP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for IEP suggests some volalility. |
| Average Directional Index/ADX (14) | 22.58 | NEUTRAL | The ADX value for IEP suggests a possible start of a new 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)
8.29
-0.08 (-0.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryIndustrial Conglomerates
Performance
% Chg-0.93%
1 Week-1.78%
2 Weeks-0.96%
1 Month-10.76%
3 Month0.73%
6 Month-12.74%
12 Month-23.24%
2 Year-58.09%
3 Year-83.31%
5 Year-83.19%
10 Year-87.63%
15 Year-77.41%
Volatility
ATR(14)0.16
ATR(20)%2.53%
ATR Inc-55.34%
Range Today0.11
ADR(20)0.18
ADR(20)%2.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.25
Mansfield-2.42
10 Day High8.65
10 Day Low8.26
20 Day High9.52
20 Day Low8.21
52 Week High15.65
52 Week Low7.27
CS1 End8.21
CR1 Start8.6
Volume & EV
DER(3)0.53%
DER(5)0.44%
Volume672.00K
Volume Incr-39%
Vol(5)492.27K
Vol(50)759.20K