The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 38.2% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 4/19/2024 -
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EOG Resources (EOG) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is strongly overboughtBroken trend resistance lineBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARLane's Stochastic is oversold
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It was the negative week for the EOG Resources (EOG). During the week, the EOG dropped -2.12 points, or -1.57%, and closed at 133.17 on Friday, April 19, 2024. It was the worst weekly loss since February 2, 2024. Weekly volume was -12% 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 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 resistance line (124.60) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a long-term trend.

Medium-term trend: [See EOG medium-term trend chart]
A medium-term downtrend had started on October 20, 2023 at 136.79 and reached 108.94 on January 19, 2024. EOG lost 27.85 points, or 20.36%, in 13 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (89.18) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See EOG weekly technical indicators chart]
Weekly Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since March 8, 2024. The distance between MACD and the signal line is near its high, but getting smaller. Use the following link to access a MACD help.

Short-term trend: [See EOG short-term trend chart]
A short-term downtrend had started on April 12, 2024 at 139.67 and reached 130.63 on April 16, 2024. EOG lost 9.04 points, or 6.47%, in 4 days. The price is now at the 28.10% retracement level.

Daily Technical Indicators: [See EOG daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

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

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.52
Williams' Percentage Range (W%R) 52.50
Lane's Stochastic (%D-Slow) 17.46
Oversold
Greed/Fear Indicator (GFI) 41.48
Moving Average Converg./Diverg. (MACD) 3.69
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.14
Williams' Percentage Range (W%R) 25.60
Lane's Stochastic (%D-Slow) 91.72
Strong Overbought
Greed/Fear Indicator (GFI) 76.53
Moving Average Converg./Diverg. (MACD) -0.28
Trading Signals
Description Value Chart
Upper Bollinger Band 139.01
Parabolic System 138.43
Weekly Stochastic Crossing 136.95
Price 133.17
Daily Stochastic Crossing 132.57
20 Day Moving Average 132.18
Yearly Trendline Resistance 129.51
Yearly Trendline Support 124.60
Lower Bollinger Band 123.45
50 Day Moving Average 123.09
Quarterly Trendline Resistance 110.73
Sector and Industry
Description Name Rank
Sector Energy 12
Industry Oil & Gas Exploration & Production 120
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 130.63
Low Date 04/16/2024
High 134.44
High Date 04/17/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 139.67
High Date 04/12/2024
Low 130.63
Low Date 04/16/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 108.94
Low Date 01/19/2024
High 139.67
High Date 04/12/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 110.73
Support 89.18
High 136.79
High Date 10/20/2023
Low 108.94
Low Date 01/19/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 129.51
Support 124.60
Low 27.00
Low Date 03/18/2020
High 150.88
High Date 11/04/2022
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.