Resistance

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>IEP stock price declined 4.32% in the last trading session and is currently trading at $22.15.</a> </li> 
 <li> <span>2</span> <a>Icahn Enterprises stock (NYSE: IEP) has underperformed in the past 3 months wiping out nearly 60% of its value.</a> </li> 
</ul> 
<p>IEP stock price has been in a strong downtrend in the past 3 months wiping out nearly 60% of its value and lost nearly 31% in the last 1 month.&nbsp;</p> 
<p>The company has reported the last 2 quarterly results in negative which might be one of the factors behind the sharp decline in the price. The company underperformed the wall street expectation led the stock to struggle for recovery even after a 60% drop.</p> 
<p>Analysts are having a bearish to neutral objective about the current trend in the market. The price may undergo a consolidation if the price sustains at the current level. Also, the breakdown may lead to another fall in the stock as the sentiments are totally against the buyers.</p> 
<p>Icahn Enterprises (NYSE: IEP) is a versatile company that operates in various sectors. It is a master limited partnership based in Delaware. Its main activities are investment management, metals, real estate, and home fashion. It used to be called American Real Estate Partners, L.P.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/UczL4d8sxfRduOTo6Gu12szT86vGEuHsoO7ZNCNpEqz6Lv_pKIp4QvpXMksZbPdqXmO9FJGXz2RuU9AuUeLtLpbHfBAASSQjxe7mR5pbiN-0X3nV4J6C_inlmHguUaRoUamznebQng6zDKo68QAxQjo" alt="IEP Stock Price Prediction: Are Bulls Still In the Game?"> 
  <figcaption class="wp-element-caption">
    Source: barchart.com 
  </figcaption> 
 </figure> 
</div> 
<p>IEP stock option-chain analysis states that the current implied volatility in the market is 51.4% with an increment of 2.4% in the last trading session. The at-the-money strike price has 1,226 open contracts on the put side and 20 open contracts on the call side indicating the dominance of buyers at the current level. The PUT/CALL ratio is 0.34 indicating that call writers dominate the market as per the data.</p> 
<h2 class="wp-block-heading" id="strong-iep-stock-price-may-continue-to-slid-if-breaks-down-again-strong"><strong>IEP Stock Price May Continue To Slid If Breaks Down Again</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/EkvF7d7sKXeRL5-wWNjA7q3in8OXmsWlpfNbKZ_XuyPkaki67yHmGG8_zOTA6eFdFV__6Cpe3BTyCpjiXJZI71ofCuL0NFUKuAN8KYi2ebs95gDMUcc05QRzBxMlN20EvTT0PvF_DB2ILyrB2FAx718" alt="IEP Stock Price Prediction: Are Bulls Still In the Game?"> 
  <figcaption class="wp-element-caption">
    Source: Icahn Enterprises 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The IEP stock price currently trades at $22.15 and struggling to sustain near the lower levels after a sharp decline.&nbsp;</p> 
<p>The short-term and long-term trend for the stock is bearish at the current moment and the price is still struggling to sustain at lower levels indicating that the breakdown of the lower levels may again drag the price down.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-the-emas-showing-a-golden-crossover-on-the-daily-chart-strong"><strong>The EMAs Showing A Golden Crossover On the Daily Chart.</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/FzxaDle7k-oJbegtI7skSO8R2xqzH2bBN3X1O0ytYL7YvQc8w08GajiWTnKOkxiMTreu1fX6dW6_gf5RCrqZFIKKcCuYhcAGcJTMNBvJi3WgOmYuiwcFvszuLlKlHtCZYnmrX5gFq81tGPy1UPKVeqo" alt="IEP Stock Price Prediction: Are Bulls Still In the Game?"> 
  <figcaption class="wp-element-caption">
    Source: Icahn Enterprises 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The daily IEP stock price chart shows that the price is trading below 50 and 200 EMA indicating a strong downtrend prevailing in the market. The overall Technical Opinion rating including RSI and MACD is signaling a 90% sell with a strongest short-term outlook on maintaining the current direction.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>IEP<a href="https://www.thecoinrepublic.com/2023/08/02/rise-of-amsc-and-rbt-stock-price-but-tpic-falls-by-50-in-a-week/" rel="noopener noreferrer nofollow"> stock price</a> prediction concludes that the stock price has plummeted by 60% in three months and 31% in one month, due to negative quarterly results that missed the expectations. Analysts are pessimistic or neutral about the stock’s outlook, as the price is struggling to hold at the lower levels. The price may consolidate or fall further, depending on the market sentiment. The stock is in a bearish trend both in the short-term and long-term. The indicators are also showing weakness in the short term.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> $20.03 and $17.50.</li> 
 <li><strong>Resistance levels:</strong> $26.2 and $30.3.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

IEP Stock Price Prediction: Are Bulls Still In the Game?

Table of Contents

Thecoinrepublic.com

Other articles published on Aug 18, 2023

Here’s What Saved Bitcoin and Crypto Market in Past 24 Hours

XRP: More Businesses Now Accepting Direct XRP Payments

Taiwan Proposes New Crypto Industry Association Category!

Shiba Inu Whales Buy 6.5 Trillion SHIB Day After Shibarium Launch

Genesis Reaches $175 Million Settlement with FTX

SEC’s Bid to Appeal XRP Ruling Gains Ground, What’s Next?

Join our free newsletter for daily crypto updates!