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 May 13, 2024, IEZ stock price climbed to $22.84 with 78,622 million shares trading.

IEZ has a beta of 0.63, meaning it tends to be less sensitive to market movements. IEZ has a correlation of 0.09 to the broad based SPY ETF.

IEZ has a market cap of $271.86 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 +27.3% while the SPY ETF gained +27.8%. However, in the short term, IEZ had mixed performance relative to the market. It has outperformed in the last 3 months, returning +13.2% vs +4.3% return in SPY. But in the last 2 weeks, IEZ shares have been beat by the market, returning -0.9% compared to an SPY return of +2.5%.

IEZ support price is $22.38 and resistance is $23.10 (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.