The Greedy Trader Weekly Analysis
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- 10/16/2026 -
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EOG Resources (EOG) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is overboughtBroken trend resistance line
Daily :Relative Strength Index is overboughtLane's Stochastic is strongly overbought
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It was a third consecutive positive week for the EOG Resources (EOG). During the week, the EOG gained 9.85 points, or 6.65%, and closed at 158.01 on Friday, October 16, 2026. It was the best weekly gain since August 21, 2026. Weekly volume was -21% below average.

EOG is a member of Energy Sector. Energy is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See EOG long-term trend chart]
A long-term downtrend had started on November 4, 2022 at 150.88 and reached 98.52 on March 16, 2023. EOG lost 52.36 points, or 34.70%, in 18 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (142.76) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. EOG may retest the broken resistance line. It is considered to be a support line now. 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 resistance line in a long-term trend.

Medium-term trend: [See EOG medium-term trend chart]
A medium-term uptrend had started on December 19, 2025 at 101.59 and reached 158.37 on October 16, 2026. EOG gained -56.78 points, or -55.89%, in 43 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (138.88) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See EOG weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since September 18, 2026. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See EOG short-term trend chart]
A short-term uptrend had started on September 30, 2026 at 137.35 and reached 158.37 on October 16, 2026. EOG gained -21.02 points, or -15.30%, in 16 days. Price is near the trend high.

Daily Technical Indicators: [See EOG daily technical indicators chart]
Daily Relative Strength Index is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since October 5, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.07
Overbought
Williams' Percentage Range (W%R) 25.60
Lane's Stochastic (%D-Slow) 93.93
Strong Overbought
Greed/Fear Indicator (GFI) 83.47
Overbought
Moving Average Converg./Diverg. (MACD) 1.12
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.03
Williams' Percentage Range (W%R) 17.30
Overbought
Lane's Stochastic (%D-Slow) 57.61
Greed/Fear Indicator (GFI) 64.99
Moving Average Converg./Diverg. (MACD) 4.74
Trading Signals
Description Value Chart
Upper Bollinger Band 159.12
Price 158.01
Daily Stochastic Crossing 157.44
Weekly Trendline Resistance 152.12
Weekly Stochastic Crossing 148.93
Parabolic System 148.81
50 Day Moving Average 145.78
20 Day Moving Average 145.22
Yearly Trendline Support 142.76
Weekly Trendline Support 138.88
Lower Bollinger Band 136.52
Sector and Industry
Description Name Rank
Sector Energy 10
Industry Oil & Gas Exploration & Production 110
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 137.35
Low Date 09/30/2026
High 158.37
High Date 10/16/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 152.12
Support 138.88
Low 101.59
Low Date 12/19/2025
High 158.37
High Date 10/16/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 108.94
Low Date 01/19/2024
High 158.37
High Date 10/16/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 98.52
Low Date 03/16/2023
High 158.37
High Date 10/16/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 92.82
Support 142.76
High 150.88
High Date 11/04/2022
Low 98.52
Low Date 03/16/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.