EOG RESOURCES INC (EOG) Stock Technical Analysis
USA - NYSE:EOG - US26875P1012 - Common Stock
Taking everything into account, EOG scores 1 out of 10 in our technical rating. EOG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of EOG is bad and it also does not present a quality setup 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
103.56
We found 1 important support area.
- A support zone ranging from 104.61 to 106.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 6 important areas.
- Resistance @109.35 from a horizontal line in the daily time frame.
- Resistance @116.65 from a horizontal line in the daily time frame.
- A resistance zone ranging from 120.54 to 122.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 125.32 to 125.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @129.97 from a horizontal line in the daily time frame.
- 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 | DOWN | NEGATIVE | The long term trend for EOG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EOG is neutral. |
| ChartMill Relative Strength | 17.79 | NEGATIVE | EOG has a low relative strength, it was outperformed by 82.21% 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) | DOWN | NEGATIVE | The current price of EOG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EOG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.85 | NEUTRAL | The RSI value for EOG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.59 | POSITIVE | The MACD value suggests EOG has a positive trend. |
| Stochastics (14,3) | 57.33 | NEUTRAL | The Stochastics value for EOG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for EOG suggests low volalility. |
| Average Directional Index/ADX (14) | 23.48 | NEUTRAL | The ADX value for EOG suggests a possible start of a new trend. |
109.34
+2.77 (+2.6%)
EOG RESOURCES INC / EOG FAQ
What is the technical rating for EOG stock?
ChartMill assigns a technical rating of 1 / 10 to EOG.
What is the trend direction for 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 55.8545. This indicates that the stock is currently neutral.
What is the MACD signal for EOG stock?
The MACD indicator for EOG RESOURCES INC (EOG) has a value of 0.594075, indicating a bearish trend.
Can you provide the short term momentum for EOG RESOURCES INC?
The short term momentum for EOG RESOURCES INC (EOG) is neutral.