EOG RESOURCES INC (EOG) Technical Analysis
NYSE:EOG • US26875P1012
Current stock price
EOG Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to EOG. In the last year, EOG was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- EOG has an average volume of 5461450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- When comparing the yearly performance of all stocks, we notice that EOG is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- EOG is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 48% of 209 stocks in the same industry.
- 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.
- In the last month EOG has a been trading in the 124.31 - 151.87 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
EOG Weekly and Daily overview Charts
EOG Setup Rating and Analysis
EOG has an average technical rating and the quality of the presented setup is also not ideal 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
EOG Support and Resistance Analysis
127.14
When analyzing the support we notice one important area.
- A support zone ranging from 128.42 to 129.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
EOG Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for EOG is down. |
| ChartMill Relative Strength | 75.6 | POSITIVE | EOG has a high relative strength, it outperformed 75.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EOG is below a declining 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) | 46.33 | NEUTRAL | The RSI value for EOG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.54 | NEGATIVE | The MACD value suggests EOG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.7 | NEUTRAL | The Stochastics value for EOG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for EOG suggests some volalility. |
| Average Directional Index/ADX (14) | 22.43 | NEUTRAL | The ADX value for EOG suggests a possible start of a new trend. |
EOG Chart- and CandleStick Pattern Analysis
EOG Technicals: Chart, Performance Metrics, Trend & Indicators
133.01
+0.58 (+0.44%)
EOG RESOURCES INC / EOG TA 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 Bullish.
What is the RSI signal for EOG stock?
EOG RESOURCES INC (EOG) has an RSI value of 46.3253. This indicates that the stock is currently neutral.
What is the short term momentum for EOG RESOURCES INC (EOG) stock?
The short term momentum for EOG RESOURCES INC (EOG) is negative.
Can you provide the support and resistance levels for EOG RESOURCES INC?
EOG RESOURCES INC (EOG) has a support level at 129.74. Check the full technical report for our detailed analysis of EOG support and resistance levels.