IEP - Icahn Enterprises L.P.

Industry: Conglomerates Sector: Conglomerates Exchange: NASDAQ

IEP - Icahn Enterprises L.P.

Industry: Conglomerates Sector: Conglomerates Exchange: NASDAQ

Fri 19'th Oct 2018

PERIOD 2018-07-20 - 2018-10-19
CHANGE -1.86%
PRICE $68.62





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Icahn Enterprises L.P. Stock Analysis

Technical stock analysis for Fri 19'th Oct 2018

Hold candidate since 2018-10-19
Shorts 5.14% ( 2018-09-28 )
Cash n/a
Loans n/a
Beta 1.40
ROA 4.19

Icahn Enterprises L.P. fell by -1.86% in the last day from $69.92 to $68.62 The price has fallen in 6 of the last 10 days , but is still up by 0.76% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -14 265 shares and in total 41 292 shares bought and sold for approximately $2.83 million.


Icahn Enterprises L.P. lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $70.77 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -15.75% during the next 3 months and, with 90% probability hold a price between $48.16 and $59.63 at the end of this period.

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Icahn Enterprises L.P. holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $68.49 and $68.46. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday October 16, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSI14 is 43 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Icahn Enterprises L.P. finds support from accumulated volume at $67.10.

Support: $67.10 Price: $68.62 Resistance: $73.11


This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $2.08 (3.03%) between high and low. For the last week, the stock has had a daily average volatility of 2.91%.

Our recommended stoploss: $65.10 (-5.13%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 3 days ago.)

Overall risk:

Very Low Low Medium High Very High


Icahn Enterprises L.P. holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.


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IEP $68.62 $-1.30(-1.86%)
IEP is down $1.30 today, but where's it headed in November?
Zacks Investment Research is releasing its prediction for IEP based on the 1-3 month system that more than doubles the S&P 500.

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