IEZ Stock Summary and Trading Ideas (iShares U.S. Oil Equipment & Services ETF | ARCA:IEZ)

The iShares Dow Jones U.S. Oil Equipment & Services Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the Dow Jones U.S. Select Oil Equipment & Services Index.

iShares U.S. Oil Equipment & Services ETF trades on the ARCA stock market under the symbol IEZ.

As of April 18, 2024, IEZ stock price climbed to $22.67 with 97,834 million shares trading.

IEZ has a beta of 0.67, meaning it tends to be less sensitive to market movements. IEZ has a correlation of 0.08 to the broad based SPY ETF.

IEZ has a market cap of $276.56 million. This is considered a Small Cap stock.

In the last 3 years, IEZ stock traded as high as $25.53 and as low as $11.59.

IEZ has underperformed the market in the last year with a price return of +14.2% while the SPY ETF gained +22.3%. However, in the short term, IEZ had mixed performance relative to the market. It has outperformed in the last 3 months, returning +13.5% vs +6.1% return in SPY. But in the last 2 weeks, IEZ shares have been beat by the market, returning -7.5% compared to an SPY return of -3.8%.

IEZ support price is $22.26 and resistance is $22.93 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IEZ stock will trade within this expected range on the day.