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Downtrend Broken Resist.Archive
- 7/24/2026 -
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EOG Resources (EOG) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a third consecutive positive week for the EOG Resources (EOG). During the week, the EOG gained 6.50 points, or 4.65%, and closed at 146.39 on Friday, July 24, 2026. It was the best weekly gain since May 15, 2026. Weekly volume was -31% below average.
 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 (139.86) 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 151.87 on March 30, 2026. EOG gained -50.28 points, or -49.49%, in 14 weeks. The price is now at the 10.90% retracement level.
 Weekly Technical Indicators: [See EOG weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since June 12, 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 downtrend had started on March 30, 2026 at 151.87 and reached 124.31 on April 17, 2026. EOG lost 27.56 points, or 18.15%, in 18 days. The chart has formed a Symmetric Triangle chart pattern.
 Daily Technical Indicators: [See EOG daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 above its signal line since July 7, 2026.
 Candlestick pattern: [See EOG candlestick chart pattern]
On Friday the chart has formed a Bullish Piercing Line Candlestick pattern. This pattern suggests bulls have begun to take charge of the market, and shorts have been shaken by the sudden lost of bearish momentum. The reliability of the Bullish Piercing Line pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Piercing Line Candlestick pattern during the last week.
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