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Archive
- 8/28/2026 -
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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 the negative week for the iShares Dow Jones US Oil & Gas Ex Index (IEO). During the week, the IEO dropped -2.16 points, or -1.58%, and closed at 134.81 on Friday, August 28, 2026. Weekly volume was -13% below average.
 Long-term trend: [See IEO long-term trend chart]
A long-term uptrend had started on April 9, 2025 at 73.17 and reached 138.06 on August 20, 2026. IEO gained -64.89 points, or -88.68%, in 71 weeks. The price is now at the 5.01% retracement level.
 Medium-term trend: [See IEO medium-term trend chart]
A medium-term uptrend had started on June 18, 2026 at 106.57 and reached 138.06 on August 20, 2026. IEO gained -31.49 points, or -29.55%, in 9 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 122.39 and resistance is at 141.08. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See IEO weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with 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 and Williams' Percentage Range help.
The weekly MACD line is above its signal line since August 7, 2026. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See IEO short-term trend chart]
A short-term downtrend had started on August 20, 2026 at 138.06 and reached 131.27 on August 26, 2026. IEO lost 6.79 points, or 4.92%, in 6 days. The price is now at the 52.14% retracement level.
 Daily Technical Indicators: [See IEO daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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