The Greedy Trader Weekly Analysis
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Yearly Price vs. Fibonacci:Near 38.2% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 5/10/2024 -
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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 climbed 0.24 points, or 0.23%, and closed at 103.56 on Friday, May 10, 2024. Weekly volume was -37% below average.

Long-term trend: [See IEO long-term trend chart]
A long-term uptrend had started on March 16, 2023 at 77.25 and reached 112.72 on April 12, 2024. IEO gained -35.47 points, or -45.92%, in 56 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 92.46 and resistance is at 115.01. 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 long-term trend.

Medium-term trend: [See IEO medium-term trend chart]
A medium-term uptrend had started on January 18, 2024 at 86.84 and reached 112.72 on April 12, 2024. IEO gained -25.88 points, or -29.80%, in 12 weeks. The price is now at the 35.39% retracement level.

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

The weekly MACD line is above its signal line since February 23, 2024. 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 April 12, 2024 at 112.72 and reached 101.58 on May 1, 2024. IEO lost 11.14 points, or 9.88%, in 19 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 99.55 and resistance is at 106.16. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.

Daily Technical Indicators: [See IEO daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since April 11, 2024. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.55
Williams' Percentage Range (W%R) 61.10
Lane's Stochastic (%D-Slow) 35.88
Greed/Fear Indicator (GFI) 36.77
Moving Average Converg./Diverg. (MACD) -0.10
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.54
Williams' Percentage Range (W%R) 29.50
Lane's Stochastic (%D-Slow) 68.85
Greed/Fear Indicator (GFI) 66.80
Moving Average Converg./Diverg. (MACD) 2.92
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 115.01
Upper Bollinger Band 109.76
Weekly Stochastic Crossing 108.58
Parabolic System 106.60
Weekly Trendline Resistance 106.16
20 Day Moving Average 105.97
50 Day Moving Average 105.05
Price 103.56
Daily Stochastic Crossing 103.01
Lower Bollinger Band 101.25
Weekly Trendline Support 99.55
Quarterly Trendline Support 92.46
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 109.20
High Date 04/29/2024
Low 101.58
Low Date 05/01/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 106.16
Support 99.55
High 112.72
High Date 04/12/2024
Low 101.58
Low Date 05/01/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 86.84
Low Date 01/18/2024
High 112.72
High Date 04/12/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 115.01
Support 92.46
Low 77.25
Low Date 03/16/2023
High 112.72
High Date 04/12/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.63
Low Date 03/18/2020
High 112.72
High Date 04/12/2024
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.