Technical Analysis

Technical Analysis of EOG Stock

Price Overview:

• Current Price: $125.25 (as of 2025-03-07)
• Price Movement: The stock closed at $125.26, showing a +2.51% gain during the regular market hours.

Technical Indicators:

• RSI:

  • RSI_6: 46.80
  • RSI_12: 44.10
  • RSI_14: 44.34
  • Insight: All RSI values are below 50, indicating bearish momentum, but not yet oversold (below 30).

• Stochastic Oscillator:

  • K: 29.62
  • D: 23.82
  • Insight: Both K and D are in the lower range, suggesting the stock is approaching oversold territory.

• MACD:

  • MACD: -1.76
  • MACD Histogram: -0.93
  • Insight: Negative values indicate bearish momentum, but the MACD line is slightly above the Signal line, hinting at a potential bullish crossover.

• Bollinger Bands:

  • The stock is near the lower band, suggesting it may be undervalued and due for a bounce.

Fibonacci Levels:

• Pivot Point: $126.21
• S1: $119.81
• R1: $132.62
• Insight: The stock is trading near the S1 level, with R1 as a potential resistance point.

Moving Averages:

• SMA_5: $122.39 (Support)
• SMA_10: $126.43 (Resistance)
• SMA_20: $128.75 (Resistance)
• SMA_50: $127.99 (Resistance)
• SMA_200: $126.21 (Support)
• Insight: The stock is near the 200-day SMA, a critical support level.

Volume Analysis:

• Volume: 4,767,190 (above average, indicating interest)
• OBV: Decreasing, showing selling pressure, but recent price increase with volume suggests potential reversal.

News Sentiment:

• Strong financials, positive free cash flow, and a 7% dividend increase are positives .

Conclusion:

EOG stock is near oversold conditions with mixed indicators. While there's potential for a bounce due to being near support levels, the overall trend remains bearish. Caution is advised; consider waiting for confirmation of a trend reversal before entering.

Recommendation: Sell if the stock breaks below the 200-day SMA ($126.21). Buy if it bounces off this level with confirmed bullish indicators.