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Oil & Gas Exploration & Production Industry Stocks Technical Analysis - EOGArchive
- 5/2/2025 -
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EOG Resources (EOG) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the EOG Resources (EOG). During the week, the EOG dropped -2.21 points, or -1.95%, and closed at 110.86 on Friday, May 2, 2025. Weekly volume was 31% above average.
EOG is a member of Energy Sector. Energy is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See EOG long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 27.00 and reached 150.88 on November 4, 2022. EOG gained -123.88 points, or -458.81%, in 137 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (140.67) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a long-term trend.
 Medium-term trend: [See EOG medium-term trend chart]
A medium-term downtrend had started on January 16, 2025 at 138.20 and reached 102.50 on April 9, 2025. EOG lost 35.70 points, or 25.83%, in 11 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 95.56 and resistance is at 126.71. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See EOG weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 28, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
 Short-term trend: [See EOG short-term trend chart]
A short-term uptrend had started on April 9, 2025 at 102.50 and reached 114.55 on April 28, 2025. EOG gained -12.05 points, or -11.76%, in 19 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (115.72) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a short-term trend.
Daily Technical Indicators: [See EOG daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 22, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Energy |
2 |
| Industry |
Oil & Gas Exploration & Production |
35 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
114.55 |
| High Date |
04/28/2025 |
| Low |
108.01 |
| Low Date |
05/02/2025 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Broken Support |
| Resistance |
115.91 |
| Support |
115.72 |
| Low |
102.50 |
| Low Date |
04/09/2025 |
| High |
114.55 |
| High Date |
04/28/2025 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Valid |
| Resistance |
126.71 |
| Support |
95.56 |
| High |
138.20 |
| High Date |
01/16/2025 |
| Low |
102.50 |
| Low Date |
04/09/2025 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
139.67 |
| High Date |
04/12/2024 |
| Low |
102.50 |
| Low Date |
04/09/2025 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Support |
| Resistance |
127.54 |
| Support |
140.67 |
| Low |
27.00 |
| Low Date |
03/18/2020 |
| High |
150.88 |
| High Date |
11/04/2022 |
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