EOG RESOURCES INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

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Change:	-
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Type:	Stocks
Ticker:	EOG
ISIN:

EOG RESOURCES INC. - 1H - Technical analysis published on 07/15/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 129.94 USD

My targets

138.55 USD (+4.10%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EOG RESOURCES INC. as long as the price remains well above 129.94 USD. The buyers' bullish objective is set at 138.55 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.8

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 133.09 USD. The price registered an increase of +3.21% on the session and was between 129.65 USD and 134.04 USD. This implies that the price is at +2.65% from its lowest and at -0.71% from its highest.

129.65

134.04

133.09

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

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

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

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 1H chart of EOG RESOURCES INC. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	128.85	129.94	132.55	133.09	138.55
Change (%)	-3.19%	-2.37%	-0.41%	-	+4.10%
Change	-4.24	-3.15	-0.54	-	+5.46
Level	Minor	Minor	Minor	-	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	126.26	127.00	127.98	128.72	129.70	130.44	131.42
Camarilla	128.48	128.64	128.79	128.95	129.11	129.27	129.42
Woodie	126.37	127.06	128.09	128.78	129.81	130.50	131.53
Fibonacci	127.00	127.66	128.07	128.72	129.38	129.79	130.44

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	119.71	121.76	125.36	127.41	131.01	133.06	136.66
Camarilla	127.40	127.91	128.43	128.95	129.47	129.99	130.50
Woodie	120.48	122.15	126.13	127.80	131.78	133.45	137.43
Fibonacci	121.76	123.92	125.26	127.41	129.57	130.91	133.06

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	81.20
MACD (12,26,9):	1.6900
Directional Movement:	44.77
AROON (14):	92.86
DEMA (21):	131.60
Parabolic SAR (0,02-0,02-0,2):	130.91
Elder Ray (13):	2.76
Super Trend (3,10):	130.88
Zig ZAG (10):	133.03
VORTEX (21):	1.3900
Stochastique (14,3,5):	91.63
TEMA (21):	132.69
Williams %R (14):	-16.22
Chande Momentum Oscillator (20):	4.83
Repulse (5,40,3):	0.7000
ROCnROLL:	1
TRIX (15,9):	0.1300
Courbe Coppock:	6.50

MA7:	127.51
MA20:	124.97
MA50:	125.39
MA100:	125.67
MAexp7:	131.83
MAexp20:	129.63
MAexp50:	127.73
MAexp100:	126.25
Price / MA7:	+4.38%
Price / MA20:	+6.50%
Price / MA50:	+6.14%
Price / MA100:	+5.90%
Price / MAexp7:	+0.96%
Price / MAexp20:	+2.67%
Price / MAexp50:	+4.20%
Price / MAexp100:	+5.42%

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.

About author

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