Icahn Enterprises L.P
Here’s whether Icahn Enterprises L.P (IEP) is worth buying in 2026 — based on weekly-updated price trend, RSI momentum, and return vs. the S&P 500. Our current read: Bearish.
Positives: RSI 40 — healthy momentum range. Concerns: trading below the 200-day MA (long-term downtrend); below the 50-day MA (medium-term momentum negative); weak 1-year return of -20.6%; 3-month momentum negative (-9.4%); rising volume on a downtrend (distribution, 1.69x avg). Currently 22.1% off its 52-week high. Score: -4/7.
IEP is trading below its 200-day MA ($7.78) — a key warning sign the longer-term trend is under pressure. An RSI of 40.0 sits in the neutral zone — momentum is neither stretched nor exhausted. The 1-year return of -20.6% compares to +20.4% for SPY (trailed the market by 40.9%). The current 22.1% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.