I caught on this one around the 9th Dec trying to ride a rebound and I forgot to check the weekly. The 5,34,5 macd is clearly very bearish.
Price appears to be heading down to the 200ema (daily). I'll watch for a clear 5,34,5 macd up 'nip'on daily , with support from the hourly chart as a buy signal. Could be a nice ride up.
20 day hourly has many negative divergences. I also use 15,102,15 macd to emulate the daily...removes a lot of noise...also bearish.
I would not be holding IE at this time.
Good luck
.