IEP - Icahn Enterprises L.P.

Industry: Conglomerates Sector: Conglomerates Exchange: NASDAQ

IEP - Icahn Enterprises L.P.

Industry: Conglomerates Sector: Conglomerates Exchange: NASDAQ
#1354()/7561

Fri 17'th Aug 2018

PERIOD 2018-05-18 - 2018-08-17
CHANGE -0.18%
PRICE $79.34
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

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Icahn Enterprises L.P. Stock Analysis

Technical stock analysis for Fri 17'th Aug 2018

Buy candidate since 2018-08-13 Gain 2.87%
Shorts 8.30% ( 2018-07-31 )
Cash n/a
Loans n/a
Beta 1.63
ROA 4.19

Icahn Enterprises L.P. fell by -0.18% in the last day from $79.48 to $79.34 The price has been going up and down for this period, and there has been a 1.07% gain for the last 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 -30 233 shares and in total 56 690 shares bought and sold for approximately $4.50 million.

Trend

Icahn Enterprises L.P. lies in the middle of a 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 16.53% during the next 3 months and, with 90% probability hold a price between $90.07 and $96.42 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

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 $78.53 and $76.58. 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 Thursday August 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 65 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 $77.04.

Support: $77.04 Price: $79.34 Resistance: $79.96

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 $1.20 (1.53%) between high and low. For the last week, the stock has had a daily average volatility of 1.59%.

Our recommended stoploss: $76.16 (-4.01%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

Buy Candidate

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IEP $79.34 $-0.14(-0.18%)
IEP is down $0.14 today, but where's it headed in September?
Zacks Investment Research is releasing its prediction for IEP based on the 1-3 month system that more than doubles the S&P 500.

Click here – the IEP analysis is free »
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