The Greedy Trader Weekly Analysis
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- 9/4/2026 -
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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 overbought
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARTrend support at 138.66
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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 3.85 points, or 2.86%, and closed at 138.66 on Friday, September 4, 2026. Weekly volume was 214% 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 141.44 on September 3, 2026. IEO gained -68.27 points, or -93.30%, in 73 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 141.44 on September 3, 2026. IEO gained -34.87 points, or -32.72%, in 11 weeks. The price is now at the 7.97% retracement level.

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 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 August 7, 2026 at 117.55 and reached 141.44 on September 3, 2026. IEO gained -23.89 points, or -20.32%, in 27 days. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (138.66) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.

Daily Technical Indicators: [See IEO daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic.

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.76
Williams' Percentage Range (W%R) 14.50
Overbought
Lane's Stochastic (%D-Slow) 85.03
Overbought
Greed/Fear Indicator (GFI) 79.43
Moving Average Converg./Diverg. (MACD) 4.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.53
Williams' Percentage Range (W%R) 8.40
Strong Overbought
Lane's Stochastic (%D-Slow) 88.89
Overbought
Greed/Fear Indicator (GFI) 80.55
Overbought
Moving Average Converg./Diverg. (MACD) 5.25
Trading Signals
Description Value Chart
Weekly Trendline Resistance 141.78
Upper Bollinger Band 141.44
Daily Stochastic Crossing 140.10
Weekly Stochastic Crossing 139.96
Weekly Trendline Support 138.66
Price 138.66
20 Day Moving Average 134.26
Parabolic System 133.50
Lower Bollinger Band 125.94
50 Day Moving Average 124.73
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 141.44
High Date 09/03/2026
Low 136.53
Low Date 09/04/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 141.78
Support 138.66
Low 117.55
Low Date 08/07/2026
High 141.44
High Date 09/03/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 106.57
Low Date 06/18/2026
High 141.44
High Date 09/03/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 73.17
Low Date 04/09/2025
High 141.44
High Date 09/03/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.63
Low Date 03/18/2020
High 141.44
High Date 09/03/2026
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.