EOG RESOURCES INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	EOG
ISIN:

EOG RESOURCES INC. - Daily - Technical analysis published on 07/02/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

11%

My opinion

Bullish above 121.95 USD

My targets

129.94 USD (+2.70%)

132.55 USD (+4.76%)

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 121.95 USD, a purchase could be considered. The first bullish objective is located at 129.94 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 132.55 USD as an objective. Crossing it would then enable buyers to target 138.55 USD. In the event of a return below 121.95 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

6.4

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. rating is 126.53 USD. On the day, this instrument lost -0.01% with the lowest point at 126.43 USD and the highest point at 128.85 USD. The deviation from the price is +0.08% for the low point and -1.80% for the high point.

126.43

128.85

126.53

Here is a more detailed summary of the historical variations registered by EOG RESOURCES INC.:

The Central Records scanner for higher/lower results shows an item:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of EOG RESOURCES INC. in Daily shows an overall 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	114.52	118.18	121.95	126.53	129.94	132.55	138.55
Change (%)	-9.49%	-6.60%	-3.62%	-	+2.70%	+4.76%	+9.50%
Change	-12.01	-8.35	-4.58	-	+3.41	+6.02	+12.02
Level	Minor	Minor	Major	-	Intermediate	Intermediate	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	122.96	124.21	125.38	126.63	127.80	129.05	130.22
Camarilla	125.88	126.10	126.32	126.54	126.76	126.98	127.21
Woodie	122.91	124.19	125.33	126.61	127.75	129.03	130.17
Fibonacci	124.21	125.14	125.71	126.63	127.56	128.13	129.05

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	119.88	121.19	123.53	124.84	127.18	128.49	130.83
Camarilla	124.87	125.20	125.54	125.87	126.21	126.54	126.87
Woodie	120.40	121.45	124.05	125.10	127.70	128.75	131.35
Fibonacci	121.19	122.58	123.45	124.84	126.23	127.10	128.49

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	111.00	114.08	119.98	123.06	128.96	132.04	137.94
Camarilla	123.40	124.22	125.05	125.87	126.69	127.52	128.34
Woodie	112.40	114.79	121.38	123.77	130.36	132.75	139.34
Fibonacci	114.08	117.51	119.63	123.06	126.49	128.61	132.04

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):	58.69
MACD (12,26,9):	0.2400
Directional Movement:	12.86
AROON (14):	78.57
DEMA (21):	123.62
Parabolic SAR (0,02-0,02-0,2):	120.03
Elder Ray (13):	3.49
Super Trend (3,10):	120.53
Zig ZAG (10):	126.43
VORTEX (21):	1.0600
Stochastique (14,3,5):	87.97
TEMA (21):	125.09
Williams %R (14):	-20.38
Chande Momentum Oscillator (20):	7.37
Repulse (5,40,3):	-2.1500
ROCnROLL:	1
TRIX (15,9):	-0.1000
Courbe Coppock:	7.59

MA7:	125.55
MA20:	122.24
MA50:	126.47
MA100:	124.42
MAexp7:	125.18
MAexp20:	123.89
MAexp50:	124.72
MAexp100:	124.22
Price / MA7:	+0.78%
Price / MA20:	+3.51%
Price / MA50:	+0.05%
Price / MA100:	+1.70%
Price / MAexp7:	+1.08%
Price / MAexp20:	+2.13%
Price / MAexp50:	+1.45%
Price / MAexp100:	+1.86%

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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