EOG Resources Technical Analysis (NYSE:EOG)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The EOG Resources stock price data and volume are plotted in EOG stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for EOG Resources. Technical analysis uses an approach for EOG Resources stock analysis that does not care for the fair value of a company but uses price and volume data only.
EOG Resources Moving Average
Moving averages show the EOG stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for EOG Resources are mostly signals of long term trends and will help long term traders.
EOG Resources Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the EOG stock. EOG Resources bollinger bands show that the stock price is $114.77, upper band is 132.41, lower band is 115.04, and the average is 123.72.
EOG Resources Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The EOG Resources MACD indicator is below 0 indicating a bearish trend.
EOG Resources Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of EOG stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.