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. - Daily - Technical analysis published on 11/08/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

11%

My opinion

Bullish above 129.16 USD

My targets

136.31 USD (+2.81%)

My analysis

EOG RESOURCES INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 129.16 USD. The next resistance located at 136.31 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem 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

7.5

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 132.59 USD. On the day, this instrument gained +4.85% with the lowest point at 128.20 USD and the highest point at 133.42 USD. The deviation from the price is +3.42% for the low point and -0.62% for the high point.

128.20

133.42

132.59

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

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of EOG RESOURCES INC. indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

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

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

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:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	124.05	129.16	131.45	132.59	136.31
Change (%)	-6.44%	-2.59%	-0.86%	-	+2.81%
Change	-8.54	-3.43	-1.14	-	+3.72
Level	Intermediate	Intermediate	Intermediate	-	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	122.29	123.58	125.02	126.31	127.75	129.04	130.48
Camarilla	125.71	125.96	126.21	126.46	126.71	126.96	127.21
Woodie	122.37	123.62	125.10	126.35	127.83	129.08	130.56
Fibonacci	123.58	124.62	125.27	126.31	127.35	128.00	129.04

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	115.53	117.45	119.14	121.06	122.75	124.67	126.36
Camarilla	119.85	120.18	120.51	120.84	121.17	121.50	121.83
Woodie	115.43	117.39	119.04	121.00	122.65	124.61	126.26
Fibonacci	117.45	118.83	119.68	121.06	122.44	123.29	124.67

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	100.87	110.11	116.04	125.28	131.21	140.45	146.38
Camarilla	117.79	119.18	120.57	121.96	123.35	124.74	126.13
Woodie	99.21	109.28	114.38	124.45	129.55	139.62	144.72
Fibonacci	110.11	115.91	119.49	125.28	131.08	134.66	140.45

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):	66.29
MACD (12,26,9):	0.2100
Directional Movement:	22.17
AROON (14):	64.29
DEMA (21):	125.26
Parabolic SAR (0,02-0,02-0,2):	119.74
Elder Ray (13):	5.45
Super Trend (3,10):	121.33
Zig ZAG (10):	132.71
VORTEX (21):	0.8900
Stochastique (14,3,5):	84.79
TEMA (21):	125.44
Williams %R (14):	-4.91
Chande Momentum Oscillator (20):	8.00
Repulse (5,40,3):	2.5400
ROCnROLL:	1
TRIX (15,9):	-0.0700
Courbe Coppock:	2.21

MA7:	124.83
MA20:	124.87
MA50:	124.57
MA100:	124.98
MAexp7:	126.26
MAexp20:	125.23
MAexp50:	125.14
MAexp100:	124.68
Price / MA7:	+6.22%
Price / MA20:	+6.18%
Price / MA50:	+6.44%
Price / MA100:	+6.09%
Price / MAexp7:	+5.01%
Price / MAexp20:	+5.88%
Price / MAexp50:	+5.95%
Price / MAexp100:	+6.34%

Quotes : - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on EOG RESOURCES INC. at the time of the analysis were as follows:

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

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