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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of IEP
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Icahn Enterprises stock upgraded to Sell Candidate.
(Updated on Dec 08, 2023)


Sell candidate since Nov 16, 2023 Loss -5.39% PDF
The Icahn Enterprises stock price gained 0.24554941682013% on the last trading day (Friday, 8th Dec 2023), rising from $16.29 to $16.33. During the last trading day the stock fluctuated 1.60% from a day low at $16.27 to a day high of $16.53. The price has fallen in 8 of the last 10 days and is down by -5.39% for this period. Volume fell on the last day by -223 thousand shares and in total, 529 thousand shares were bought and sold for approximately $8.63 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -17.52% during the next 3 months and, with a 90% probability hold a price between $12.15 and $15.39 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

IEP Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, December 07, 2023, and so far it has risen 0.246%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Icahn Enterprises stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $16.63 and $17.60. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Thursday, December 07, 2023 and based on theory for this formation the price should go up by 14.88% to $18.76 within 25 trading days since signal was issued (Monday, December 11, 2023).

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Support, Risk & Stop-loss for Icahn Enterprises stock

Icahn Enterprises finds support from accumulated volume at $16.29 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.260 between high and low, or 1.60%. For the last week, the stock has had daily average volatility of 2.08%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (IEP) For The Upcoming Trading Day Of Monday 11th

For the upcoming trading day on Monday, 11th we expect Icahn Enterprises L.P. to open at $16.38, and during the day (based on 14 day Average True Range), to move between $15.75 and $16.91, which gives a possible trading interval of +/-$0.578 (+/-3.54%) up or down from last closing price. If Icahn Enterprises L.P. takes out the full calculated possible swing range there will be an estimated 7.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $16.29 (0.24%) than the resistance at $17.26 (5.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Icahn Enterprises L.P. stock A Buy?

Icahn Enterprises holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -3.985 Open Broker Account

Sell Candidate Upgraded

Predicted Opening Price for Icahn Enterprises L.P. of Monday, December 11, 2023

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Fair opening price December 11, 2023 Current price
$16.38 $16.33 (Undervalued)

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 16.64 1.88 %
R2 16.54 1.27 %
R1 16.48 0.89 %
Current price: 16.33
Support S1 16.28 -0.322 %
S2 16.22 -0.698 %
S3 16.12 -1.31 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 19.57 19.84 %
R2 19.45 19.11 %
R1 17.26 5.70 %
Current price 16.33
Support S1 16.29 -0.245%
S2 0 .
S3 0 .
What is the symbol for Icahn Enterprises Stock and on which exchange is it traded?
The symbol for Icahn Enterprises is IEP and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Icahn Enterprises Stock?
Icahn Enterprises holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

How to buy Icahn Enterprises Stock?
Icahn Enterprises Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Icahn Enterprises Stock.

What's the current price of Icahn Enterprises Stock?
As of the end of day on the 2023-12-08, the price of an Icahn Enterprises (IEP) share was $16.33.

What is the 52-week high and low for Icahn Enterprises Stock?
The 52-week high for Icahn Enterprises Stock is $54.48 and the 52-week low is $16.04.

What is the market capitalization of Icahn Enterprises Stock?
As of the 2023-12-08, the market capitalization of Icahn Enterprises is 6.708B.

When is the next earnings date for Icahn Enterprises?
The upcoming earnings date for Icahn Enterprises is 2024-02-23 23:00:00.

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About Icahn Enterprises L.P.

Icahn Enterprises Icahn Enterprises L.P., through its subsidiaries, operates in investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internationally. Its Investment segment invests its proprietary capital through various private investment funds. The company's Energy segment refines and markets transportation fuels; and produces and markets nitrogen fertilizers in the form of urea ammonium nitrat... IEP Profile

IEP Dividend Data

15.81%

Dividend Yield (TTM)
Payout Ratio (TTM) -25.09%
Frequency Quarterly
Amount Per Share $0
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