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IEP - Icahn Enterprises L.P.

Industry: Conglomerates Sector: Conglomerates Exchange: NASDAQ

IEP - Icahn Enterprises L.P.

Industry: Conglomerates Sector: Conglomerates Exchange: NASDAQ
#549()/6519

Fri 15'th Jun 2018

PERIOD 2018-03-16 - 2018-06-15
CHANGE 0.37%
PRICE $72.86
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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Icahn Enterprises L.P. Stock Analysis

Technical stock analysis for Fri 15'th Jun 2018

Buy candidate since 2018-06-11 Gain 2.27%

Icahn Enterprises L.P. gained 0.37% in the last trading day, rising from $72.59 to $72.86 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days and is up by 4.83% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 4 429 more shares were traded than the day before. In total, 51 137 shares bought and sold for approximately $0.00.

Shorts 4.85% ( 2018-05-31 )
Cash n/a
Loans n/a
Beta 1.54
ROA 7.23

Trend

Icahn Enterprises L.P. lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 25.88% during the next 3 months and, with 90% probability hold a price between $89.61 and $99.93 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. 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 $71.56 and $69.27. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday May 29, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

The stock had a Golden Star Signal* on Monday July 10, 2017 in the mediumterm chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 67 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 $71.80.

Support: $71.80 Price: $72.86

Risk

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 $1.00 (1.39%) between high and low. For the last week, the stock has had a daily average volatility of 1.87%.

Our recommended stoploss: $69.23 (-4.98%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 13 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Icahn Enterprises L.P. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

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