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Archive
- 10/16/2026 -
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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 third consecutive positive week for the iShares Dow Jones US Oil & Gas Ex Index (IEO). During the week, the IEO gained 7.67 points, or 5.34%, and closed at 151.38 on Friday, October 16, 2026. It was the best weekly gain since August 14, 2026. Weekly volume was 40% above 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 151.38 on October 16, 2026. IEO gained -78.21 points, or -106.89%, in 79 weeks. Price is near the trend high.
 Medium-term trend: [See IEO medium-term trend chart]
A medium-term uptrend had started on June 18, 2026 at 106.57 and reached 151.38 on October 16, 2026. IEO gained -44.81 points, or -42.05%, in 17 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 134.41 and resistance is at 156.41. 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 is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 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 uptrend had started on September 29, 2026 at 130.19 and reached 151.38 on October 16, 2026. IEO gained -21.19 points, or -16.28%, in 17 days. Price is near the trend high.
 Daily Technical Indicators: [See IEO daily technical indicators chart]
Daily 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 daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is above its signal line since October 6, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
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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 |
130.19 |
| Low Date |
09/29/2026 |
| High |
151.38 |
| High Date |
10/16/2026 |
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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 |
130.19 |
| Low Date |
09/29/2026 |
| High |
151.38 |
| High Date |
10/16/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
156.41 |
| Support |
134.41 |
| Low |
106.57 |
| Low Date |
06/18/2026 |
| High |
151.38 |
| High Date |
10/16/2026 |
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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 |
151.38 |
| High Date |
10/16/2026 |
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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 |
17.63 |
| Low Date |
03/18/2020 |
| High |
151.38 |
| High Date |
10/16/2026 |
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