IEP Price Prediction Next Week
Technical Analysis: IEP is currently trading at $10.45, showing a significant decline from its recent high of $18.31 on February 20. The stock has experienced high volatility with substantial volume increases.
Key technical indicators suggest:
- RSI-14 at 68.48 indicates approaching overbought territory
- MACD (12,26,9) shows positive momentum with value at 0.15
- Stochastic RSI at 100 suggests extremely overbought conditions
- Price is currently above all short-term SMAs (5,10,20) but below long-term SMAs (200,250)
Fibonacci Levels:
- Resistance levels: R1: $10.55, R2: $10.83, R3: $11.30
- Support levels: S1: $9.62, S2: $9.34, S3: $8.88
- Pivot: $10.09
News Impact: Recent news shows Carl Icahn's fund increased its stakes in IEP during Q4 2024, which could provide some price support. However, the stock has been experiencing significant volatility.
Price Prediction for Next Week: Based on technical analysis and current market conditions:
- Bullish scenario (30% probability): Price could test R1 at $10.55
- Bearish scenario (50% probability): Likely to test S1 at $9.62
- Consolidation (20% probability): Range-bound between $10.09-$10.45
Recommendation: SELL
- Entry: Current price ($10.45)
- Target: $9.62 (S1 level)
- Stop Loss: $10.83 (R2 level)
Rationale:
- Overbought technical conditions
- Recent sharp decline with high volume suggests selling pressure
- Price likely to retest support levels after recent volatility
- Below long-term moving averages indicating bearish trend
IEP Similar Chart Price Prediction
The price of IEP is predicted to go up -28.05%, based on the high correlation periods with NUS. The similarity of these two price pattern on the periods is 97.43%.
IEP
NUS
Down: -28.05%Similarity: 97.43%
