EOG RESOURCES INC (EO5.DE) Stock Technical Analysis
FRA:EO5 - Deutsche Boerse Ag - US26875P1012 - Common Stock - Currency: EUR
Taking everything into account, EO5 scores 2 out of 10 in our technical rating. EO5 has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
In the last month EO5 has a been trading in the 111.80 - 128.65 range, which is quite wide. It is currently trading near the lows of this range.
Warning: EO5 has an average volume of 136 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
EO5 is part of the Oil, Gas & Consumable Fuels industry. There are 59 other stocks in this industry. EO5 outperforms 75% of them.
When compared to the yearly performance of all other stocks, EO5 outperforms 45% of them, which is more or less in line with the market.
EO5 is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EO5 is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
EO5 has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 112.00, a Stop Loss order could be placed below this zone.
More info and screens
94.55
129.94
We found 4 important support areas.
- Support @112.00 from a horizontal line in the daily time frame.
- Support @109.94 from a trend line in the weekly time frame.
- Support @104.97 from a trend line in the weekly time frame.
- A support zone ranging from 95.51 to 96.88. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 116.96 to 118.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 125.70 to 125.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 128.65 to 128.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for EO5.DE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EO5.DE is down. |
| ChartMill Relative Strength | 45.16 | NEUTRAL | EO5.DE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EO5.DE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of EO5.DE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of EO5.DE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.78 | NEUTRAL | The RSI value for EO5.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.75 | NEGATIVE | The MACD value suggests EO5.DE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.35 | OVERSOLD | The low Stochastics value suggests EO5.DE may be oversold. |
| Average True Range in percent/ATR (20) | 1.79 | LOW VOLATILITY | The low ATR as a percentage value for EO5.DE suggests low volalility. |
| Average Directional Index/ADX (14) | 13.16 | NEGATIVE | The low ADX value for EO5.DE suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
FRA:EO5 (11/24/2023, 7:00:00 PM)
113
+1 (+0.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.89%
1 Week-1.82%
2 Weeks-4.24%
1 Month-10.88%
3 Month-4.24%
6 Month2.84%
12 Month4.44%
2 Year45.02%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.92
ATR(20)%1.79%
ATR Inc8.89%
Range Today0.4
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.16
Mansfield-1.48
10 Day High117.3
10 Day Low111.8
20 Day High128.65
20 Day Low111.8
52 Week High148.48
52 Week Low93.97
CS1 End112
CR1 Start116.96
Volume & EV
DER(3)0%
DER(5)0%
Volume39
Volume Incr-86.08%
Vol(5)33.8
Vol(50)136.08