EOG RESOURCES INC (EOG) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:EOG • US26875P1012
Overall EOG gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. EOG was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, EOG is a bad performer in the overall market: 68% of all stocks are doing better.
- EOG is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry, of which 66% are performing better than EOG.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month EOG has a been trading in the 104.27 - 115.45 range, which is quite wide. It is currently trading near the high of this range.
- EOG has an average volume of 4174500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- EOG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EOG is lagging the market.
EOG has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 109.13, a Stop Loss order could be placed below this zone.
More info and screens
100.76
2 important support areas can be observed.
- A support zone ranging from 107.58 to 109.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 101.78 to 101.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @113.71 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 116.37 to 116.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @135.94 from a horizontal line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for EOG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EOG is up. |
| ChartMill Relative Strength | 32.54 | NEUTRAL | EOG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EOG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EOG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EOG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.65 | NEUTRAL | The RSI value for EOG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.54 | POSITIVE | The MACD value suggests EOG has a positive trend. |
| Stochastics (14,3) | 83.27 | OVERBOUGHT | The high Stochastics value suggests EOG may be overbought. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for EOG suggests some volalility. |
| Average Directional Index/ADX (14) | 21.18 | NEUTRAL | The ADX value for EOG suggests a possible start of a new trend. |
113.7
+1.21 (+1.08%)
EOG RESOURCES INC / EOG FAQ
What is the technical rating for EOG stock?
ChartMill assigns a technical rating of 5 / 10 to EOG.
What is the current trend direction of EOG RESOURCES INC (EOG) stock?
The current trend direction for EOG RESOURCES INC (EOG) is Bearish.
Can you provide the RSI signal for EOG RESOURCES INC?
EOG RESOURCES INC (EOG) has an RSI value of 59.6509. This indicates that the stock is currently neutral.
Can you provide the MACD signal for EOG RESOURCES INC?
The MACD indicator for EOG RESOURCES INC (EOG) has a value of 0.53989, indicating a bearish trend.