The Greedy Trader Weekly Analysis
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- 1/23/2026 -
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iShares Dow Jones US Oil & Gas Ex Index (IEO) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved above its signal line
Daily :Williams' Percentage Range is overbought
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It was a fourth positive week after 3 consecutive negative weeks for the iShares Dow Jones US Oil & Gas Ex Index (IEO). During the week, the IEO gained 2.80 points, or 3.04%, and closed at 94.84 on Friday, January 23, 2026. Weekly volume was 44% 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 54.79% retracement level.

Medium-term trend: [See IEO medium-term trend chart]
A medium-term uptrend had started on April 9, 2025 at 73.17 and reached 97.76 on December 5, 2025. IEO gained -24.59 points, or -33.61%, in 34 weeks. The price is now at the 11.87% retracement level.

Weekly Technical Indicators: [See IEO weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 December 26, 2025 at 87.73 and reached 96.53 on January 23, 2026. IEO gained -8.80 points, or -10.03%, in 28 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 91.75 and resistance is at 96.41. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

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. 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 link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since January 2, 2026. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.63
Williams' Percentage Range (W%R) 13.10
Overbought
Lane's Stochastic (%D-Slow) 64.96
Greed/Fear Indicator (GFI) 71.18
Moving Average Converg./Diverg. (MACD) 0.23
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.50
Williams' Percentage Range (W%R) 20.10
Lane's Stochastic (%D-Slow) 33.92
Greed/Fear Indicator (GFI) 55.79
Moving Average Converg./Diverg. (MACD) 0.38
Trading Signals
Description Value Chart
Weekly Trendline Resistance 96.41
Upper Bollinger Band 95.86
Price 94.84
Daily Stochastic Crossing 94.83
50 Day Moving Average 92.13
Weekly Trendline Support 91.75
Weekly Stochastic Crossing 91.39
20 Day Moving Average 91.28
Parabolic System 90.43
Lower Bollinger Band 88.30
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 91.34
Low Date 01/20/2026
High 96.53
High Date 01/23/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 96.41
Support 91.75
Low 87.73
Low Date 12/26/2025
High 96.53
High Date 01/23/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 97.76
High Date 12/05/2025
Low 87.73
Low Date 12/26/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 73.17
Low Date 04/09/2025
High 97.76
High Date 12/05/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 112.72
High Date 04/12/2024
Low 73.17
Low Date 04/09/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.