The Greedy Trader Weekly Analysis
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- 1/30/2026 -
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EOG Resources (EOG) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a third consecutive positive week for the EOG Resources (EOG). During the week, the EOG gained 3.80 points, or 3.51%, and closed at 112.13 on Friday, January 30, 2026. Weekly volume was 55% above 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 April 12, 2024 at 139.67 and reached 101.59 on December 19, 2025. EOG lost 38.08 points, or 27.26%, in 88 weeks. The price is now at the 27.68% 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 115.45 on January 29, 2026. EOG gained -13.86 points, or -13.64%, in 5 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 105.39 and resistance is at 118.75. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending 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 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, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 January 16, 2026 at 104.27 and reached 115.45 on January 29, 2026. EOG gained -11.18 points, or -10.72%, in 13 days. The price is now at the 29.70% retracement level.

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

The daily MACD line is above its signal line since December 31, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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) 65.69
Williams' Percentage Range (W%R) 30.00
Lane's Stochastic (%D-Slow) 66.06
Greed/Fear Indicator (GFI) 67.26
Moving Average Converg./Diverg. (MACD) 0.58
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.24
Williams' Percentage Range (W%R) 49.90
Lane's Stochastic (%D-Slow) 41.23
Greed/Fear Indicator (GFI) 48.43
Moving Average Converg./Diverg. (MACD) -3.13
Trading Signals
Description Value Chart
Weekly Trendline Resistance 118.75
Upper Bollinger Band 113.02
Daily Stochastic Crossing 112.64
Price 112.13
Parabolic System 107.99
Weekly Stochastic Crossing 107.93
20 Day Moving Average 107.47
50 Day Moving Average 107.12
Weekly Trendline Support 105.39
Lower Bollinger Band 103.10
Sector and Industry
Description Name Rank
Sector Energy 12
Industry Oil & Gas Exploration & Production 68
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 104.27
Low Date 01/16/2026
High 115.45
High Date 01/29/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 118.75
Support 105.39
Low 101.59
Low Date 12/19/2025
High 115.45
High Date 01/29/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 127.81
High Date 06/23/2025
Low 101.59
Low Date 12/19/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 139.67
High Date 04/12/2024
Low 101.59
Low Date 12/19/2025
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.