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 08/05/2022 (GMT)

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!

Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

56%

39%

My opinion

Bearish under 109.35 USD

My targets

99.25 USD (-7.29%)

84.95 USD (-20.64%)

My analysis

Has the basic bearish 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 bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 109.35 USD remains possible. It is advisable to trade EOG RESOURCES INC. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 109.35 USD. The next bearish objective for sellers is set at 99.25 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 84.95 USD. In case of crossing, the next objective would be the support located at 79.97 USD. PS: if there is a bullish break in the resistance located at 109.35 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

0.9

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

EOG RESOURCES INC. rating 107.05 USD. On the day, this instrument gained +7.24% and was between 97.39 USD and 107.96 USD. This implies that the price is at +9.92% from its lowest and at -0.84% from its highest.

97.39

107.96

107.05

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.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of EOG RESOURCES INC. in Daily shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

In fact, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

RSI indicator: bullish divergence

Type : Bullish

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

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

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

Near horizontal resistance

Type : Bearish

Timeframe : Daily

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

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	79.97	84.95	99.25	107.05	109.35	114.52	123.47
Change (%)	-25.30%	-20.64%	-7.29%	-	+2.15%	+6.98%	+15.34%
Change	-27.08	-22.10	-7.80	-	+2.30	+7.47	+16.42
Level	Major	Minor	Major	-	Intermediate	Major	Minor

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	94.90	97.24	98.53	100.87	102.16	104.50	105.79
Camarilla	98.82	99.16	99.49	99.82	100.15	100.49	100.82
Woodie	94.38	96.98	98.01	100.61	101.64	104.24	105.27
Fibonacci	97.24	98.63	99.48	100.87	102.26	103.11	104.50

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	94.25	97.79	104.50	108.04	114.75	118.29	125.00
Camarilla	108.40	109.34	110.28	111.22	112.16	113.10	114.04
Woodie	95.85	98.58	106.10	108.83	116.35	119.08	126.60
Fibonacci	97.79	101.70	104.12	108.04	111.95	114.37	118.29

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	78.55	85.35	98.29	105.09	118.03	124.83	137.77
Camarilla	105.79	107.60	109.41	111.22	113.03	114.84	116.65
Woodie	81.61	86.89	101.35	106.63	121.09	126.37	140.83
Fibonacci	85.35	92.89	97.55	105.09	112.63	117.29	124.83

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):	50.30
MACD (12,26,9):	-1.5900
Directional Movement:	-1.48
AROON (14):	-35.71
DEMA (21):	103.00
Parabolic SAR (0,02-0,02-0,2):	110.91
Elder Ray (13):	-2.53
Super Trend (3,10):	111.42
Zig ZAG (10):	107.21
VORTEX (21):	0.8600
Stochastique (14,3,5):	42.86
TEMA (21):	104.77
Williams %R (14):	-31.46
Chande Momentum Oscillator (20):	1.55
Repulse (5,40,3):	6.3000
ROCnROLL:	-1
TRIX (15,9):	-0.3500
Courbe Coppock:	11.08

MA7:	106.28
MA20:	103.38
MA50:	114.98
MA100:	116.52
MAexp7:	105.20
MAexp20:	105.81
MAexp50:	110.32
MAexp100:	111.21
Price / MA7:	+0.72%
Price / MA20:	+3.55%
Price / MA50:	-6.90%
Price / MA100:	-8.13%
Price / MAexp7:	+1.76%
Price / MAexp20:	+1.17%
Price / MAexp50:	-2.96%
Price / MAexp100:	-3.74%

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.

About author

Londinia AI

Online

Overall rating :

15832

Number of analyses :

95484

Followers :

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…