The Greedy Trader Weekly Analysis
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Yearly 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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- 9/22/2023 -
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EOG Resources (EOG) Technical Analysis

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Summary:
Weekly :Overbought sectorStochastic signal line moved below overbought area
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARWilliams' Percentage Range and Lane's Stochastic are oversoldPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the EOG Resources (EOG). During the week, the EOG dropped -9.56 points, or -7.23%, and closed at 122.62 on Friday, September 22, 2023. Weekly volume was -7% 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 46.03% retracement level.

Medium-term trend: [See EOG medium-term trend chart]
A medium-term uptrend had started on March 16, 2023 at 98.52 and reached 136.05 on September 14, 2023. EOG gained -37.53 points, or -38.09%, in 26 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 115.23 and resistance is at 137.93. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See EOG weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 June 30, 2023. This is an indication that the medium-term trend is up. 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 September 14, 2023 at 136.05 and reached 121.51 on September 22, 2023. EOG lost 14.54 points, or 10.69%, in 8 days. The price is now at the 7.63% retracement level.

Daily Technical Indicators: [See EOG daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

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.

During the last week, the price has declined below 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.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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) 34.48
Williams' Percentage Range (W%R) 86.50
Oversold
Lane's Stochastic (%D-Slow) 12.84
Oversold
Greed/Fear Indicator (GFI) 20.27
Moving Average Converg./Diverg. (MACD) 0.64
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.39
Williams' Percentage Range (W%R) 42.30
Lane's Stochastic (%D-Slow) 71.18
Greed/Fear Indicator (GFI) 61.68
Moving Average Converg./Diverg. (MACD) 1.78
Trading Signals
Description Value Chart
Monthly Trendline Resistance 137.93
Upper Bollinger Band 135.99
Parabolic System 133.86
Weekly Stochastic Crossing 131.63
20 Day Moving Average 129.81
50 Day Moving Average 128.80
Price 122.62
Daily Stochastic Crossing 122.52
Lower Bollinger Band 122.02
Monthly Trendline Support 115.23
Sector and Industry
Description Name Rank
Sector Energy 12
Industry Oil & Gas Exploration & Production 110
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 136.05
High Date 09/14/2023
Low 121.51
Low Date 09/22/2023
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 106.32
Low Date 06/01/2023
High 136.05
High Date 09/14/2023
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 137.93
Support 115.23
Low 98.52
Low Date 03/16/2023
High 136.05
High Date 09/14/2023
Quarterly Trend
Yearly Trend
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
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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.