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Uptrend ExhaustionArchive
- 3/6/2026 -
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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 tenth positive week after 3 consecutive negative weeks for the iShares Dow Jones US Oil & Gas Ex Index (IEO). During the week, the IEO gained 5.67 points, or 5.23%, and closed at 114.07 on Friday, March 6, 2026. It was the best weekly gain since September 26, 2025. Weekly volume was 144% above average.
 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. Price is near the highest trend level.
 Medium-term trend: [See IEO medium-term trend chart]
A medium-term uptrend had started on December 26, 2025 at 87.73 and reached 115.78 on March 6, 2026. IEO gained -28.05 points, or -31.97%, in 10 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (106.57) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.
 Weekly Technical Indicators: [See IEO weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. 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 March 4, 2026 at 109.62 and reached 115.78 on March 6, 2026. IEO gained -6.16 points, or -5.62%, in 2 days. The price is now at the 27.76% retracement level.
 Daily Technical Indicators: [See IEO daily technical indicators chart]
Daily 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 daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
The price touches the upper Bollinger Band. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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