EOG RESOURCES INC (EOG) Technical Analysis
NYSE:EOG • US26875P1012
We assign a technical rating of 8 out of 10 to EOG. Although EOG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- EOG is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry, of which 60% are performing better than EOG.
- The long and short term trends are both positive. This is looking good!
- EOG is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so EOG is leading the market.
- In the last month EOG has a been trading in the 112.19 - 134.36 range, which is quite wide. It is currently trading near the high of this range.
- EOG has an average volume of 5066450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that EOG is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- Volume is considerably higher in the last couple of days.
Although EOG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
119.92
When analyzing the support we can see 2 important areas.
- A support zone ranging from 123.23 to 124.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @121.13 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 131.68 to 131.68. 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 | UP | POSITIVE | The long term trend for EOG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EOG is up. |
| ChartMill Relative Strength | 74.78 | POSITIVE | EOG has a high relative strength, it outperformed 74.78% off all stocks 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) | 73.87 | OVERBOUGHT | The high RSI value suggests EOG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.57 | POSITIVE | The MACD value suggests EOG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.66 | OVERBOUGHT | The high Stochastics value suggests EOG may be overbought. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for EOG suggests some volalility. |
| Average Directional Index/ADX (14) | 43.44 | POSITIVE | The high ADX value value for EOG suggests a strong trend. |
EOG Technicals: Chart, Performance Metrics, Trend & Indicators
131.67
+0.26 (+0.2%)
EOG RESOURCES INC / EOG FAQ
What is the technical rating for EOG stock?
ChartMill assigns a technical rating of 8 / 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 Bullish.
Can you provide the RSI signal for EOG RESOURCES INC?
EOG RESOURCES INC (EOG) has an RSI value of 73.8663. This indicates that the stock is currently overbought.
Can you provide the MACD signal for EOG RESOURCES INC?
The MACD indicator for EOG RESOURCES INC (EOG) has a value of 0.567069, indicating a bearish trend.
What is the buy/sell signal for EOG RESOURCES INC (EOG) stock?
The buy/sell signal for EOG RESOURCES INC (EOG) is buy as both the short term and long term trends are positive.