The Greedy Trader Weekly Analysis
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- 6/5/2026 -
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iShares Dow Jones US Oil & Gas Ex Index (IEO) Technical Analysis

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Summary:
Weekly :Price is near the Fibonacci 23.6% retracement levelPrice is near the Fibonacci 38.2% retracement level
Daily :Stochastic signal line moved above oversold area
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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 2.06 points, or 1.81%, and closed at 116.15 on Friday, June 5, 2026. IEO was trading at average weekly trading volume.

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. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See IEO medium-term trend chart]
A medium-term downtrend had started on March 30, 2026 at 130.50 and reached 107.04 on April 17, 2026. IEO lost 23.46 points, or 17.98%, in 2 weeks. Price is near the Fibonacci 38.2% retracement level.

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

The weekly MACD line is below its signal line since May 22, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 May 27, 2026 at 112.72 and reached 120.50 on June 3, 2026. IEO gained -7.78 points, or -6.90%, in 7 days. The price is now at the 55.91% retracement level.

Daily Technical Indicators: [See IEO daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 Lane's Stochastic help.

The daily MACD line is below its signal line since June 4, 2026. The distance between MACD and the signal line is low and getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.15
Williams' Percentage Range (W%R) 45.90
Lane's Stochastic (%D-Slow) 55.14
Greed/Fear Indicator (GFI) 50.47
Moving Average Converg./Diverg. (MACD) -0.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.40
Williams' Percentage Range (W%R) 29.30
Lane's Stochastic (%D-Slow) 48.02
Greed/Fear Indicator (GFI) 56.38
Moving Average Converg./Diverg. (MACD) 6.49
Trading Signals
Description Value Chart
Upper Bollinger Band 122.92
Parabolic System 121.87
50 Day Moving Average 118.41
20 Day Moving Average 117.59
Daily Stochastic Crossing 117.42
Price 116.15
Weekly Stochastic Crossing 115.05
Lower Bollinger Band 112.26
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 112.72
Low Date 05/27/2026
High 120.50
High Date 06/03/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 124.29
High Date 05/20/2026
Low 112.72
Low Date 05/27/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 130.50
High Date 03/30/2026
Low 107.04
Low Date 04/17/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 73.17
Low Date 04/09/2025
High 130.50
High Date 03/30/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.63
Low Date 03/18/2020
High 130.50
High Date 03/30/2026
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.