The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

Archive
- 7/17/2026 -
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EOG Resources (EOG) Technical Analysis

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Summary:
Weekly :Oversold sectorTrend resistance at 96.57Price is near the Fibonacci 23.6% retracement level
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtPrice has crossed above the 50 Day Moving Average
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It was a second consecutive positive week for the EOG Resources (EOG). During the week, the EOG gained 5.79 points, or 4.32%, and closed at 139.89 on Friday, July 17, 2026. It was the best weekly gain since May 15, 2026. Weekly volume was -18% below average.

EOG is a member of Energy Sector. Energy is the second most oversold 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 price is near the trend resistance line (96.57). 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 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. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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 Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. 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 daily MACD line is above its signal line since July 7, 2026.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.96
Williams' Percentage Range (W%R) 13.30
Overbought
Lane's Stochastic (%D-Slow) 84.01
Overbought
Greed/Fear Indicator (GFI) 77.55
Moving Average Converg./Diverg. (MACD) -0.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.57
Williams' Percentage Range (W%R) 38.70
Lane's Stochastic (%D-Slow) 38.18
Greed/Fear Indicator (GFI) 50.82
Moving Average Converg./Diverg. (MACD) 5.09
Trading Signals
Description Value Chart
Upper Bollinger Band 142.40
Price 139.89
Yearly Trendline Support 139.61
Daily Stochastic Crossing 139.53
50 Day Moving Average 135.77
20 Day Moving Average 134.10
Weekly Stochastic Crossing 133.98
Parabolic System 133.52
Lower Bollinger Band 128.80
Sector and Industry
Description Name Rank
Sector Energy 2
Industry Oil & Gas Exploration & Production 21
Daily Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
High 151.87
High Date 03/30/2026
Low 124.31
Low Date 04/17/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 101.59
Low Date 12/19/2025
High 151.87
High Date 03/30/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 108.94
Low Date 01/19/2024
High 151.87
High Date 03/30/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 98.52
Low Date 03/16/2023
High 151.87
High Date 03/30/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Test Resistance
Resistance 96.57
Support 139.61
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.