ICAHN ENTERPRISES LP (IEP) Stock Technical Analysis
NASDAQ:IEP - Nasdaq - US4511001012 - Currency: USD
Taking everything into account, IEP scores 0 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.
When comparing the yearly performance of all stocks, IEP is a bad performer in the overall market: 91% of all stocks are doing better.
IEP is one of the lesser performing stocks in the Industrial Conglomerates industry. 80% of 6 stocks in the same industry do better.
IEP is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IEP is lagging the market.
In the last month IEP has a been trading in the 8.17 - 9.99 range, which is quite wide. It is currently trading near the lows of this range.
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 support zone below the current price at 8.47, a Stop Loss order could be placed below this zone.
More info and screens
8.12
9.86
We found 2 important support areas.
- A support zone ranging from 8.34 to 8.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @8.20 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 8.95 to 8.99. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @9.25 from a trend line in the daily time frame.
- A resistance zone ranging from 9.58 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 | DOWN | NEGATIVE | The short term trend for IEP is down. |
| ChartMill Relative Strength | 9.82 | NEGATIVE | IEP has a low relative strength, it was outperformed by 90.18% 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) | 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) | 47.87 | NEUTRAL | The RSI value for IEP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests IEP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.68 | OVERSOLD | The low Stochastics value suggests IEP may be oversold. |
| Average True Range in percent/ATR (20) | 4.15 | MEDIUM VOLATILITY | The ATR as a percentage value for IEP suggests some volalility. |
| Average Directional Index/ADX (14) | 18.02 | 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)
8.6
+0.12 (+1.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryIndustrial Conglomerates
Performance
% Chg1.42%
1 Week2.87%
2 Weeks0.82%
1 Month-1.38%
3 Month-14%
6 Month-18.56%
12 Month-48.53%
2 Year-70.38%
3 Year-82.13%
5 Year-82.26%
10 Year-90.08%
15 Year-76.73%
Volatility
ATR(14)0.33
ATR(20)%4.15%
ATR Inc-35.28%
Range Today0.17
ADR(20)0.32
ADR(20)%3.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.82
Mansfield-3.03
10 Day High8.67
10 Day Low8.17
20 Day High9.99
20 Day Low8.17
52 Week High17.93
52 Week Low7.27
CS1 End8.47
CR1 Start8.95
Volume & EV
DER(3)-1.51%
DER(5)-3.17%
Volume480.63K
Volume Incr-34.58%
Vol(5)566.18K
Vol(50)740.74K