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Advanced TA SearchArchive
- 4/26/2024 -
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EOG Resources (EOG) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the EOG Resources (EOG). During the week, the EOG gained 2.53 points, or 1.90%, and closed at 135.70 on Friday, April 26, 2024. Weekly volume was -23% 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 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 (125.08) 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 12.92% retracement level.
 Weekly Technical Indicators: [See EOG weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 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 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 April 16, 2024 at 130.63 and reached 136.39 on April 26, 2024. EOG gained -5.76 points, or -4.41%, in 10 days. The price is now at the 11.98% retracement level.
 Daily Technical Indicators: [See EOG daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.
The daily MACD line is below its signal line since April 12, 2024.
A Parabolic SAR (stop and reversal) indicator (136.53) comes close to the price (135.70). It indicates that the trend is getting weaker. 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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