The Greedy Trader Weekly Analysis
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- 6/5/2026 -
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EOG Resources (EOG) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is close to the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was a first positive week for the EOG Resources (EOG). During the week, the EOG gained 4.40 points, or 3.30%, and closed at 137.78 on Friday, June 5, 2026. Weekly volume was -32% below average.

EOG is a member of Energy Sector. Energy is the most overbought 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 downtrend had started on November 4, 2022 at 150.88 and reached 98.52 on March 16, 2023. EOG lost 52.36 points, or 34.70%, in 18 weeks. The price is now at the 74.98% retracement level.

Medium-term trend: [See EOG medium-term trend chart]
A medium-term uptrend had started on December 19, 2025 at 101.59 and reached 151.87 on March 30, 2026. EOG gained -50.28 points, or -49.49%, in 14 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 133.96 and resistance is at 143.81. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle 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 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 low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 May 29, 2026 at 132.15 and reached 142.92 on June 3, 2026. EOG gained -10.77 points, or -8.15%, in 5 days. The price is now at the 47.73% retracement level.

Daily Technical Indicators: [See EOG daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price is close to the moving average in the center of the Bollinger Bands. 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.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.84
Williams' Percentage Range (W%R) 28.70
Lane's Stochastic (%D-Slow) 59.03
Greed/Fear Indicator (GFI) 58.74
Moving Average Converg./Diverg. (MACD) 0.52
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.66
Williams' Percentage Range (W%R) 22.90
Lane's Stochastic (%D-Slow) 49.40
Greed/Fear Indicator (GFI) 59.56
Moving Average Converg./Diverg. (MACD) 5.98
Trading Signals
Description Value Chart
Upper Bollinger Band 145.29
Quarterly Trendline Resistance 143.81
Daily Stochastic Crossing 139.21
Price 137.78
50 Day Moving Average 137.78
20 Day Moving Average 137.63
Weekly Stochastic Crossing 134.91
Quarterly Trendline Support 133.96
Parabolic System 132.45
Lower Bollinger Band 130.29
Sector and Industry
Description Name Rank
Sector Energy 11
Industry Oil & Gas Exploration & Production 70
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 132.15
Low Date 05/29/2026
High 142.92
High Date 06/03/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 145.70
High Date 05/20/2026
Low 132.15
Low Date 05/29/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 151.87
High Date 03/30/2026
Low 124.31
Low Date 04/17/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 143.81
Support 133.96
Low 101.59
Low Date 12/19/2025
High 151.87
High Date 03/30/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 150.88
High Date 11/04/2022
Low 98.52
Low Date 03/16/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.