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Uptrend ExhaustionArchive
- 8/21/2026 -
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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 second consecutive positive week for the iShares Dow Jones US Oil & Gas Ex Index (IEO). During the week, the IEO gained 6.18 points, or 4.73%, and closed at 136.97 on Friday, August 21, 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 138.06 on August 20, 2026. IEO gained -64.89 points, or -88.68%, in 71 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 138.06 on August 20, 2026. IEO gained -31.49 points, or -29.55%, in 9 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 121.17 and resistance is at 145.31. 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 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. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic, Relative Strength Index 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 138.06 on August 20, 2026. IEO gained -20.51 points, or -17.45%, in 13 days. The price is now at the 5.31% retracement level.
 Daily Technical Indicators: [See IEO daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Daily Relative Strength Index and MACD have bearish divergence. Use the following links to access the Relative Strength Index and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and MACD bearish divergence.
The daily MACD line is above its signal line since August 10, 2026. This is an indication that the short-term trend is up.
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