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Archive
- 3/20/2026 -
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iShares Dow Jones US Oil & Gas Ex Index (IEO) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a twelfth positive week after 3 consecutive negative weeks for the iShares Dow Jones US Oil & Gas Ex Index (IEO). During the week, the IEO gained 4.05 points, or 3.45%, and closed at 121.41 on Friday, March 20, 2026. Weekly volume was 139% above average.
 Long-term trend: [See IEO long-term trend chart]
A long-term downtrend had started on April 12, 2024 at 112.72 and reached 73.17 on April 9, 2025. IEO lost 39.55 points, or 35.09%, in 51 weeks. The price is now at the 121.97% retracement level.
 Medium-term trend: [See IEO medium-term trend chart]
A medium-term uptrend had started on December 26, 2025 at 87.73 and reached 123.11 on March 20, 2026. IEO gained -35.38 points, or -40.33%, in 12 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (121.21). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See IEO weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since January 16, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See IEO short-term trend chart]
A short-term uptrend had started on March 10, 2026 at 110.61 and reached 123.11 on March 20, 2026. IEO gained -12.50 points, or -11.30%, in 10 days. The price is now at the 13.6% retracement level.
 Daily Technical Indicators: [See IEO daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Daily Relative Strength Index has bearish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is above its signal line since February 27, 2026. This is an indication that the short-term trend is up.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
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| Industry |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
110.61 |
| Low Date |
03/10/2026 |
| High |
123.11 |
| High Date |
03/20/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
110.61 |
| Low Date |
03/10/2026 |
| High |
123.11 |
| High Date |
03/20/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Test Resistance |
| Resistance |
121.21 |
| Support |
109.28 |
| Low |
87.73 |
| Low Date |
12/26/2025 |
| High |
123.11 |
| High Date |
03/20/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
73.17 |
| Low Date |
04/09/2025 |
| High |
123.11 |
| High Date |
03/20/2026 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
112.72 |
| High Date |
04/12/2024 |
| Low |
73.17 |
| Low Date |
04/09/2025 |
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