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 02/16/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

17%

My opinion

Bullish above 112.59 USD

My targets

115.17 USD (+0.89%)

116.87 USD (+2.38%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on EOG RESOURCES INC.. This is a positive signal for buyers. As long as the price remains above 112.59 USD, a purchase could be considered. The first bullish objective is located at 115.17 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 116.87 USD as an objective. Crossing it would then enable buyers to target 124.00 USD. In the event of a return below 112.59 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

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

6.3

Comment on the analysis

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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Additional analysis

Quotes

The EOG RESOURCES INC. price is 114.15 USD. The price is lower by -0.09% since the last closing and was between 113.67 USD and 115.25 USD. This implies that the price is at +0.42% from its lowest and at -0.95% from its highest.

113.67

115.25

114.15

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this EOG RESOURCES INC. chart shows a bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	109.65	112.59	113.94	114.15	115.17	116.87	124.00
Change (%)	-3.94%	-1.37%	-0.18%	-	+0.89%	+2.38%	+8.63%
Change	-4.50	-1.56	-0.21	-	+1.02	+2.72	+9.85
Level	Major	Minor	Minor	-	Major	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	107.54	109.13	111.69	113.28	115.84	117.43	119.99
Camarilla	113.11	113.49	113.87	114.25	114.63	115.01	115.39
Woodie	108.03	109.37	112.18	113.52	116.33	117.67	120.48
Fibonacci	109.13	110.72	111.70	113.28	114.87	115.85	117.43

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	103.65	106.30	108.67	111.32	113.69	116.34	118.71
Camarilla	109.67	110.13	110.59	111.05	111.51	111.97	112.43
Woodie	103.52	106.23	108.54	111.25	113.56	116.27	118.58
Fibonacci	106.30	108.21	109.40	111.32	113.23	114.42	116.34

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	90.65	99.80	106.79	115.94	122.93	132.08	139.07
Camarilla	109.35	110.83	112.31	113.79	115.27	116.75	118.23
Woodie	89.58	99.26	105.72	115.40	121.86	131.54	138.00
Fibonacci	99.80	105.96	109.77	115.94	122.10	125.91	132.08

Numerical data

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

Technical indicators

Moving averages

RSI (14):	62.55
MACD (12,26,9):	0.6800
Directional Movement:	10.12
AROON (14):	78.57
DEMA (21):	113.91
Parabolic SAR (0,02-0,02-0,2):	113.28
Elder Ray (13):	0.82
Super Trend (3,10):	112.05
Zig ZAG (10):	114.18
VORTEX (21):	1.1300
Stochastique (14,3,5):	77.82
TEMA (21):	114.47
Williams %R (14):	-20.34
Chande Momentum Oscillator (20):	3.29
Repulse (5,40,3):	-0.1700
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	5.63

MA7:	112.48
MA20:	112.70
MA50:	115.69
MA100:	119.48
MAexp7:	113.97
MAexp20:	113.15
MAexp50:	112.58
MAexp100:	112.70
Price / MA7:	+1.48%
Price / MA20:	+1.29%
Price / MA50:	-1.33%
Price / MA100:	-4.46%
Price / MAexp7:	+0.16%
Price / MAexp20:	+0.88%
Price / MAexp50:	+1.39%
Price / MAexp100:	+1.29%

Quotes : - 15 min delayed data - NYSE Stocks

News

The last news published on EOG RESOURCES INC. at the time of the generation of this analysis was as follows:

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

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