The Greedy Trader Weekly Analysis
Sign In Oct 4, 2024
Skip Navigation Links
TA Search
Share
Yearly Price vs. Fibonacci:Near 38.2% retracement level
Number of records: 10
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Stock Market Trend Analysis and Technical Indicators Scanner.
technical analysis,screen stochastic,moving average trading system, trading indicator,technical analysis stock screen, macd convergence divergence, technical indicator macd,technical investment analysis,trading indicator,stochastics, bulls, bears, bullish, bearish, market, stock market
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.

Advanced TA Search

Archive
- 9/27/2024 -
Sign In to see current Signals.

EOG Resources (EOG) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend support lineOversold sectorOversold industryTrend support at 122.98
Daily :Stochastic has declined below the signal lineThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageBearish Downside Tasuki Gap CandlestickThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the EOG Resources (EOG). During the week, the EOG dropped -3.59 points, or -2.85%, and closed at 122.44 on Friday, September 27, 2024. Weekly volume was 8% above average.

EOG is a member of Energy Sector. Energy is the most oversold sector. EOG is a member of Oil & Gas Exploration & Production Industry. Oil & Gas Exploration & Production is the fourth most oversold industry. 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 (127.72) 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 long-term trend.

Medium-term trend: [See EOG medium-term trend chart]
A medium-term uptrend had started on January 19, 2024 at 108.94 and reached 139.67 on April 12, 2024. EOG gained -30.73 points, or -28.21%, in 12 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend support (122.98) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line 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 August 30, 2024. The distance between MACD and the signal line is low and 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 July 18, 2024 at 134.74 and reached 115.78 on September 11, 2024. EOG lost 18.96 points, or 14.07%, in 55 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 114.21 and resistance is at 127.67. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.

Daily Technical Indicators: [See EOG daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 daily MACD line is above its signal line since September 17, 2024. The distance between MACD and the signal line is low and getting smaller.

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. Such crossover is considered a bearish 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.

Candlestick pattern: [See EOG candlestick chart pattern]
On Friday the chart has formed a Bearish Downside Tasuki Gap Candlestick pattern. This is a rare continuation formation that appears in a strongly downward moving market. The reliability of the Bearish Downside Tasuki Gap pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Downside Tasuki Gap Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.37
Williams' Percentage Range (W%R) 61.10
Lane's Stochastic (%D-Slow) 52.98
Greed/Fear Indicator (GFI) 48.73
Moving Average Converg./Diverg. (MACD) -0.48
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.45
Williams' Percentage Range (W%R) 71.40
Lane's Stochastic (%D-Slow) 39.67
Greed/Fear Indicator (GFI) 38.56
Moving Average Converg./Diverg. (MACD) 0.43
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 131.01
Upper Bollinger Band 130.16
Parabolic System 129.66
Yearly Trendline Support 127.72
Weekly Trendline Resistance 127.67
50 Day Moving Average 124.95
Daily Stochastic Crossing 124.09
Yearly Trendline Resistance 122.99
Quarterly Trendline Support 122.98
20 Day Moving Average 122.78
Price 122.44
Weekly Stochastic Crossing 121.08
Lower Bollinger Band 117.49
Weekly Trendline Support 114.21
Sector and Industry
Description Name Rank
Sector Energy 1
Industry Oil & Gas Exploration & Production 4
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 115.78
Low Date 09/11/2024
High 129.73
High Date 09/24/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 127.67
Support 114.21
High 134.74
High Date 07/18/2024
Low 115.78
Low Date 09/11/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 139.67
High Date 04/12/2024
Low 115.78
Low Date 09/11/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Test Support
Resistance 131.01
Support 122.98
Low 108.94
Low Date 01/19/2024
High 139.67
High Date 04/12/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 122.99
Support 127.72
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.