EOG RESOURCES INC. - Daily - Technical analysis published on 02/13/2025 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 123.17 USD
My targets
132.34 USD (+2.84%)
135.14 USD (+5.02%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 123.17 USD remains possible. It is advisable to trade EOG RESOURCES INC. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 123.17 USD. The next bullish objective for buyers is set at 132.34 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 135.14 USD. PS: if there is a bearish break in the support located at 123.17 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
1.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EOG RESOURCES INC. price is 128.68 USD. The price is lower by -0.12% since the last closing and was traded between 127.51 USD and 128.96 USD over the period. The price is currently at +0.92% from its lowest and -0.22% from its highest.127.51
128.96
128.68
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EOG RESOURCES INC. in Daily shows an overall bullish trend. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish doji star
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 117.38 | 123.17 | 128.25 | 128.68 | 130.51 | 132.34 | 135.14 |
| Change (%) | -8.78% | -4.28% | -0.33% | - | +1.42% | +2.84% | +5.02% |
| Change | -11.30 | -5.51 | -0.43 | - | +1.83 | +3.66 | +6.46 |
| Level | Major | Intermediate | Major | - | Major | Minor | 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 | 121.94 | 125.29 | 127.07 | 130.42 | 132.20 | 135.55 | 137.33 |
| Camarilla | 127.43 | 127.90 | 128.37 | 128.84 | 129.31 | 129.78 | 130.25 |
| Woodie | 121.15 | 124.90 | 126.28 | 130.03 | 131.41 | 135.16 | 136.54 |
| Fibonacci | 125.29 | 127.25 | 128.46 | 130.42 | 132.38 | 133.59 | 135.55 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 119.34 | 121.90 | 124.20 | 126.76 | 129.06 | 131.62 | 133.92 |
| Camarilla | 125.16 | 125.61 | 126.06 | 126.50 | 126.95 | 127.39 | 127.84 |
| Woodie | 119.21 | 121.84 | 124.07 | 126.70 | 128.93 | 131.56 | 133.79 |
| Fibonacci | 121.90 | 123.76 | 124.90 | 126.76 | 128.62 | 129.76 | 131.62 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 104.50 | 113.58 | 119.69 | 128.77 | 134.88 | 143.96 | 150.07 |
| Camarilla | 121.61 | 123.01 | 124.40 | 125.79 | 127.18 | 128.58 | 129.97 |
| Woodie | 103.01 | 112.84 | 118.20 | 128.03 | 133.39 | 143.22 | 148.58 |
| Fibonacci | 113.58 | 119.39 | 122.97 | 128.77 | 134.58 | 138.16 | 143.96 |
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): | 48.65 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | -0.62 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 129.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 125.48 | |
| Elder Ray (13): | -1.00 | |
| Super Trend (3,10): | 134.11 | |
| Zig ZAG (10): | 128.60 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 51.23 | |
| TEMA (21): | 129.01 | |
| Williams %R (14): | -58.94 | |
| Chande Momentum Oscillator (20): | -1.59 | |
| Repulse (5,40,3): | -1.3500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 7.04 |
| MA7: | 128.76 | |
| MA20: | 130.66 | |
| MA50: | 127.48 | |
| MA100: | 127.45 | |
| MAexp7: | 129.10 | |
| MAexp20: | 129.26 | |
| MAexp50: | 128.51 | |
| MAexp100: | 127.37 | |
| Price / MA7: | -0.06% | |
| Price / MA20: | -1.52% | |
| Price / MA50: | +0.94% | |
| Price / MA100: | +0.97% | |
| Price / MAexp7: | -0.33% | |
| Price / MAexp20: | -0.45% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | +1.03% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on EOG RESOURCES INC. at the time of the analysis were as follows:
- Donald F. Textor to Retire from EOG Resources Board of Directors
- EOG Resources Schedules Conference Call and Webcast of Fourth Quarter and Full Year 2024 Results for February 28, 2025
- EOG Resources Reports Third Quarter 2024 Results and Raises Regular Dividend 7%
- EOG Resources Schedules Conference Call and Webcast of Third Quarter 2024 Results for November 8, 2024
- EOG Resources to Present at Upcoming Conference
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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