ICAHN ENTERPRISES LP (IEP) Stock Technical Analysis
USA - NASDAQ:IEP - US4511001012
8.22 USD
+0.13 (+1.61%)
8.22 USD
0 (0%)
Taking everything into account, IEP scores 1 out of 10 in our technical rating. 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 negative, as is the long term trend. There should be more interesting stocks out there.
91% 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 a tight range between 8.08 and 8.49.
Although the technical rating is bad, IEP does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 8.43. 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. We notice that large players showed an interest for IEP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
8.02
9.79
When analyzing the support we notice one important area.
- A support zone ranging from 8.10 to 8.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 8.43 to 8.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.62 from a horizontal line in the daily time frame.
- Resistance @9.03 from a trend line in the weekly time frame.
- Resistance @9.23 from a trend line in the daily time frame.
- Resistance @9.41 from a horizontal line in the weekly time frame.
- 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 | 9.11 | NEGATIVE | IEP has a low relative strength, it was outperformed by 90.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of IEP is below 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) | 46.46 | NEUTRAL | The RSI value for IEP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests IEP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.33 | OVERSOLD | The low Stochastics value suggests IEP may be oversold. |
| Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for IEP suggests low volalility. |
| Average Directional Index/ADX (14) | 23 | 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)
8.22
+0.13 (+1.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryIndustrial Conglomerates
Performance
% Chg1.61%
1 Week1.36%
2 Weeks-1.67%
1 Month0.37%
3 Month-9.37%
6 Month-3.75%
12 Month-44.91%
2 Year-50.18%
3 Year-84.93%
5 Year-83.37%
10 Year-89.62%
15 Year-76.24%
Volatility
ATR(14)0.14
ATR(20)%1.82%
ATR Inc7.18%
Range Today0.13
ADR(20)0.15
ADR(20)%1.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.11
Mansfield-2.13
10 Day High8.4
10 Day Low8.08
20 Day High8.49
20 Day Low8.08
52 Week High15.65
52 Week Low7.27
CS1 End8.21
CR1 Start8.43
Volume & EV
DER(3)3.98%
DER(5)4.91%
Volume738.00K
Volume Incr18.29%
Vol(5)708.04K
Vol(50)667.79K