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Uptrend ExhaustionArchive
- 3/6/2026 -
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EOG Resources (EOG) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a eighth consecutive positive week for the EOG Resources (EOG). During the week, the EOG gained 7.33 points, or 5.91%, and closed at 131.41 on Friday, March 6, 2026. Weekly volume was 81% above 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 April 12, 2024 at 139.67 and reached 101.59 on December 19, 2025. EOG lost 38.08 points, or 27.26%, in 88 weeks. The price is now at the 78.31% retracement level.
 Medium-term trend: [See EOG medium-term trend chart]
A medium-term uptrend had started on December 19, 2025 at 101.59 and reached 134.00 on March 6, 2026. EOG gained -32.41 points, or -31.90%, in 11 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (132.49). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See EOG weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since January 16, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 January 16, 2026 at 104.27 and reached 134.00 on March 6, 2026. EOG gained -29.73 points, or -28.51%, in 49 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 112.34 and resistance is at 134.54. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.
Daily Technical Indicators: [See EOG daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is above its signal line since December 31, 2025. This is an indication that the short-term trend is up.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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