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EOG RESOURCES INC.
EOG RESOURCES INC.
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: EOG
ISIN:

EOG RESOURCES INC. - 1H - Technical analysis published on 08/05/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 104.50 USD
My targets
109.35 USD (+2.75%)
111.61 USD (+4.88%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on EOG RESOURCES INC. as long as the price remains well above 104.50 USD. The buyers' bullish objective is set at 109.35 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 111.61 USD. If there is any crossing, the next objective would be the resistance located at 114.52 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.4

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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15 min. Daily Weekly

Additional analysis

Quotes

The EOG RESOURCES INC. price is 106.42 USD. On the day, this instrument gained +6.61% and was traded between 97.39 USD and 107.45 USD over the period. The price is currently at +9.27% from its lowest and -0.96% from its highest.

97.39
107.45
106.42

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by EOG RESOURCES INC.:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of EOG RESOURCES INC. in 1H shows an overall bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour



In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 96.97 99.25 106.20 106.42 109.35 111.61 114.52
Change (%) -8.88% -6.74% -0.21% - +2.75% +4.88% +7.61%
Change -9.45 -7.17 -0.22 - +2.93 +5.19 +8.10
Level Intermediate Major Intermediate - Intermediate Intermediate Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard94.9097.2498.53100.87102.16104.50105.79
Camarilla98.8299.1699.4999.82100.15100.49100.82
Woodie94.3896.9898.01100.61101.64104.24105.27
Fibonacci97.2498.6399.48100.87102.26103.11104.50


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard94.2597.79104.50108.04114.75118.29125.00
Camarilla108.40109.34110.28111.22112.16113.10114.04
Woodie95.8598.58106.10108.83116.35119.08126.60
Fibonacci97.79101.70104.12108.04111.95114.37118.29


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard78.5585.3598.29105.09118.03124.83137.77
Camarilla105.79107.60109.41111.22113.03114.84116.65
Woodie81.6186.89101.35106.63121.09126.37140.83
Fibonacci85.3592.8997.55105.09112.63117.29124.83

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 56.02
MACD (12,26,9): -0.3000
Directional Movement: 2.27
AROON (14): 14.29
DEMA (21): 103.95
Parabolic SAR (0,02-0,02-0,2): 98.00
Elder Ray (13): 1.99
Super Trend (3,10): 100.49
Zig ZAG (10): 106.54
VORTEX (21): 0.9800
Stochastique (14,3,5): 92.83
TEMA (21): 104.10
Williams %R (14): -9.84
Chande Momentum Oscillator (20): 2.27
Repulse (5,40,3): 2.6000
ROCnROLL: 1
TRIX (15,9): -0.1400
Courbe Coppock: 0.99
MA7: 106.16
MA20: 103.34
MA50: 114.97
MA100: 116.51
MAexp7: 104.96
MAexp20: 104.61
MAexp50: 105.15
MAexp100: 105.10
Price / MA7: +0.24%
Price / MA20: +2.98%
Price / MA50: -7.44%
Price / MA100: -8.66%
Price / MAexp7: +1.39%
Price / MAexp20: +1.73%
Price / MAexp50: +1.21%
Price / MAexp100: +1.26%

Quotes : - 15 min delayed data - NYSE Stocks

News


Don't forget to follow the news on EOG RESOURCES INC.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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