The Greedy Trader Weekly Analysis
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Monthly Price vs. Fibonacci:Near 50.0% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 5/3/2024 -
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EOG Resources (EOG) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtBroken trend resistance line
Daily :Price is near the Fibonacci 23.6% retracement levelThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the EOG Resources (EOG). During the week, the EOG dropped -5.68 points, or -4.19%, and closed at 130.02 on Friday, May 3, 2024. It was the worst weekly loss since January 19, 2024. Weekly volume was 26% 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 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 resistance line (125.55) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 January 19, 2024 at 108.94 and reached 139.67 on April 12, 2024. EOG gained -30.73 points, or -28.21%, in 12 weeks. The price is now at the 31.40% retracement level.

Weekly Technical Indicators: [See EOG weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since March 8, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 April 29, 2024 at 136.50 and reached 128.24 on May 3, 2024. EOG lost 8.26 points, or 6.05%, in 4 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See EOG daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since April 12, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.89
Williams' Percentage Range (W%R) 76.50
Lane's Stochastic (%D-Slow) 38.05
Greed/Fear Indicator (GFI) 34.80
Moving Average Converg./Diverg. (MACD) 2.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.39
Williams' Percentage Range (W%R) 28.50
Lane's Stochastic (%D-Slow) 85.18
Overbought
Greed/Fear Indicator (GFI) 72.76
Moving Average Converg./Diverg. (MACD) 0.86
Trading Signals
Description Value Chart
Upper Bollinger Band 136.95
Weekly Stochastic Crossing 135.56
Parabolic System 134.45
20 Day Moving Average 134.06
Daily Stochastic Crossing 130.20
Price 130.02
Yearly Trendline Resistance 128.92
Lower Bollinger Band 127.79
50 Day Moving Average 127.15
Yearly Trendline Support 125.55
Sector and Industry
Description Name Rank
Sector Energy 11
Industry Oil & Gas Exploration & Production 101
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 136.50
High Date 04/29/2024
Low 128.24
Low Date 05/03/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 139.67
High Date 04/12/2024
Low 128.24
Low Date 05/03/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 108.94
Low Date 01/19/2024
High 139.67
High Date 04/12/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 136.79
High Date 10/20/2023
Low 108.94
Low Date 01/19/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 128.92
Support 125.55
Low 27.00
Low Date 03/18/2020
High 150.88
High Date 11/04/2022
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.