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Archive
- 5/15/2026 -
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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 first positive week for the iShares Dow Jones US Oil & Gas Ex Index (IEO). During the week, the IEO gained 6.41 points, or 5.64%, and closed at 120.12 on Friday, May 15, 2026. It was the best weekly gain since March 27, 2026. Weekly volume was -35% 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 130.50 on March 30, 2026. IEO gained -57.33 points, or -78.35%, in 50 weeks. The price is now at the 18.11% 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 130.50 on March 30, 2026. IEO gained -42.77 points, or -48.75%, in 13 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 112.12 and resistance is at 121.76. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.
 Weekly Technical Indicators: [See IEO weekly technical indicators chart]
Weekly technical indicators are neutral.
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 low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 May 5, 2026 at 123.88 and reached 112.08 on May 7, 2026. IEO lost 11.80 points, or 9.53%, in 2 days. The price is now at the 68.14% retracement level.
Daily Technical Indicators: [See IEO daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since May 6, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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