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Archive
- 4/17/2025 -
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EOG Resources (EOG) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a first positive week for the EOG Resources (EOG). During the week, the EOG gained 2.00 points, or 1.84%, and closed at 110.50 on Thursday, April 17, 2025. It was the best weekly gain since February 21, 2025. Weekly volume was 40% above average.
 Long-term trend: [See EOG long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 27.00 and reached 150.88 on November 4, 2022. EOG gained -123.88 points, or -458.81%, in 137 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (139.79) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See EOG medium-term trend chart]
A medium-term downtrend had started on January 16, 2025 at 138.20 and reached 102.50 on April 9, 2025. EOG lost 35.70 points, or 25.83%, in 11 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 106.82 and resistance is at 128.35. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See EOG weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 28, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See EOG short-term trend chart]
A short-term downtrend had started on March 26, 2025 at 130.50 and reached 102.50 on April 9, 2025. EOG lost 28.00 points, or 21.46%, in 14 days. The price is now at the 28.57% retracement level.
Daily Technical Indicators: [See EOG daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 3, 2025. This is an indication that the short-term trend is down.
The distance between the Bollinger Bands is 206.97% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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