The Greedy Trader Weekly Analysis
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- 2/27/2026 -
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iShares Dow Jones US Oil & Gas Ex Index (IEO) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Williams' Percentage Range is strongly overboughtStochastic signal line moved below overbought areaDaily  MACD line has moved below its signal line
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It was a ninth positive week after 3 consecutive negative weeks for the iShares Dow Jones US Oil & Gas Ex Index (IEO). During the week, the IEO gained 1.16 points, or 1.08%, and closed at 108.40 on Friday, February 27, 2026. IEO was trading at average weekly trading volume.

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 chart has formed a Descending Triangle chart pattern. The downtrend resistance line (87.15) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. IEO may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See IEO medium-term trend chart]
A medium-term uptrend had started on December 26, 2025 at 87.73 and reached 108.72 on February 23, 2026. IEO gained -20.99 points, or -23.93%, in 8 weeks. Price is near the trend high.

Weekly Technical Indicators: [See IEO weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

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 near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 February 26, 2026 at 103.88 and reached 108.54 on February 27, 2026. IEO gained -4.66 points, or -4.49%, in 1 days. Price is near the trend high.

Daily Technical Indicators: [See IEO daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.62
Williams' Percentage Range (W%R) 9.50
Strong Overbought
Lane's Stochastic (%D-Slow) 64.36
Greed/Fear Indicator (GFI) 73.15
Moving Average Converg./Diverg. (MACD) 3.10
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.06
Williams' Percentage Range (W%R) 5.70
Strong Overbought
Lane's Stochastic (%D-Slow) 87.77
Overbought
Greed/Fear Indicator (GFI) 80.28
Overbought
Moving Average Converg./Diverg. (MACD) 1.48
Trading Signals
Description Value Chart
Upper Bollinger Band 109.85
Price 108.40
Daily Stochastic Crossing 107.09
Weekly Stochastic Crossing 106.87
Parabolic System 103.78
20 Day Moving Average 103.70
Lower Bollinger Band 96.83
50 Day Moving Average 96.34
Yearly Trendline Support 87.15
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 103.88
Low Date 02/26/2026
High 108.54
High Date 02/27/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 103.88
Low Date 02/26/2026
High 108.54
High Date 02/27/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 87.73
Low Date 12/26/2025
High 108.72
High Date 02/23/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 73.17
Low Date 04/09/2025
High 108.72
High Date 02/23/2026
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 83.06
Support 87.15
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.