David

Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>Icahn Enterprises has witnessed a decline in revenue in its recent quarter report.</a></li>
 <li><span>2</span> <a>IEP stock price has consistently followed a downtrend for a long time.</a></li>
</ul>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1260" height="382" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-295.png" alt="Bill Ackman Still Bullish On IEP Stock, Can It Be A Best Buy?" class="wp-image-174890" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-295.png 1260w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-295-300x91.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-295-1024x310.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-295-768x233.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-295-750x227.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-295-1140x346.png 1140w" sizes="(max-width: 1260px) 100vw, 1260px">
 </figure>
</div>
<p>Icahn Enterprises L.P. was founded in the year 1987, about 36 years ago. The company is an American Conglomerate and has its headquarters in Sunny Isles Beach. Icahn Enterprises currently has more than 20K employees and the current CEO of the company is David P. Willets. The company usually operates in the oil refining sector.</p>
<p>The IEP share price has declined by 8.01% in the last one month. Due to certain setbacks, the IEP stock price has been consistently declining for a long time. The share’s current market cap is $7.684B. It follows up with 409.412M shares floating in the market.</p>
<p>The company paid a dividend of $8.00 on each share in the year 2022 following a dividend yield of 15.79%. The total dividend yield by the company in the last 12 months to date is 37.39%.&nbsp;</p>
<p>The company’s revenue has declined by 9.6% year-on-year in Q2 2023, resulting in $2.93B. The net income of this company has advanced by 46.0% following an advance of 171.6% in the free cash flow.</p>
<h2 class="wp-block-heading" id="strong-icahn-enterprises-l-p-stock-performance-analysis-strong"><strong>Icahn Enterprises L.P. Stock Performance Analysis</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="624" height="197" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-293.png" alt="Bill Ackman Still Bullish On IEP Stock, Can It Be A Best Buy?" class="wp-image-174888" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-293.png 624w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-293-300x95.png 300w" sizes="(max-width: 624px) 100vw, 624px">
  <figcaption class="wp-element-caption">
   Source: <a href="https://in.tradingview.com/symbols/NASDAQ-IEP/" rel="noopener noreferrer nofollow">Tradingview</a>
  </figcaption>
 </figure>
</div>
<p>In the year ending 2022, the company had a debt of $14.07B. The free cash flow of the company has highly advanced to $717.0M. The profit margin of the company is -1.24% in the year 2022. Following the data the company reported a decline of 29.2% in net cash of the company in Q2 2023.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-performance-analysis-of-iep-stock-strong"><strong>Performance Analysis of IEP Stock</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1252" height="345" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-294.png" alt="Bill Ackman Still Bullish On IEP Stock, Can It Be A Best Buy?" class="wp-image-174889" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-294.png 1252w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-294-300x83.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-294-1024x282.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-294-768x212.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-294-750x207.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-294-1140x314.png 1140w" sizes="(max-width: 1252px) 100vw, 1252px">
  <figcaption class="wp-element-caption">
   Source: Tradingview
  </figcaption>
 </figure>
</div>
<p>Due to the huge decline in share price, the technical indicators are bearish on the stock including the oscillators and the EMAs. The stock has been unable to meet the expected EPS over multiple quarters but has consistently met the estimated revenue in the following quarters.</p>
<h2 class="wp-block-heading" id="strong-iep-stock-at-most-crucial-level-will-it-take-support-strong"><strong>IEP Stock At Most Crucial Level, Will It Take Support?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1281" height="581" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-296.png" alt="Bill Ackman Still Bullish On IEP Stock, Can It Be A Best Buy?" class="wp-image-174891" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-296.png 1281w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-296-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-296-1024x464.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-296-768x348.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-296-750x340.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-296-1140x517.png 1140w" sizes="(max-width: 1281px) 100vw, 1281px">
 </figure>
</div>
<p>Source : IEP: 1D: NASDAQ</p>
<p><a href="https://www.thecoinrepublic.com/2023/09/22/will-the-iep-share-price-recover-from-hindenburgs-accusations/" rel="noopener noreferrer nofollow">IEP </a>share price has been consistently declining from higher levels making lower highs and lower lows. The stock recently made a double top and declined to the most crucial low again. The share is currently trading at the support zone but is not showing any significant signs of bullishness.</p>
<p>The Icahn Enterprises L.P. stock is trading in a death cross of the EMAs. The stock price is trading below the 50-day and the 200-day EMAs. This indicates seller dominance in the stock’s chart.</p>
<p>The RSI for IEP stock is following a bearish cycle trading below the 50-level. Currently, the RSI is residing at 34.54 and has also declined below the 14-day SMA.&nbsp;</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p><a href="https://www.thecoinrepublic.com/2023/09/22/will-the-iep-share-price-recover-from-hindenburgs-accusations/" target="_blank" rel="noopener noreferrer nofollow">Icahn Enterprises Inc.</a> has reliable financials, despite the stock price declining to much lower levels due to Hindenburg’s report. The weakness is still followed in the stock and the IEP stock is trading in a bearish market structure. The RSI and the EMAs are also bearish on the charts. This can lead the Icahn Enterprises L.P. to further lower levels in the upcoming days.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<ul>
 <li>Support levels- $12.20 and $15.50</li>
 <li>Resistance levels- $25.30 and $31.00</li>
</ul>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The information provided in this article, including the views and opinions expressed by the author or any individuals mentioned, is intended for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in financial loss.</p>

Bill Ackman Still Bullish On IEP Stock, Can It Be A Best Buy?

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