RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of EOG
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EOG Resources stock upgraded from Buy Candidate to Strong Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 19, 2024 Gain 2.57% PDF

The EOG Resources stock price gained 1.15% on the last trading day (Thursday, 28th Mar 2024), rising from $126.39 to $127.84. During the last trading day the stock fluctuated 1.23% from a day low at $126.91 to a day high of $128.47. The price has risen in 7 of the last 10 days and is up by 3.27% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $423.21 million.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.26% during the next 3 months and, with a 90% probability hold a price between $123.50 and $143.44 at the end of this 3-month period.

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EOG Signals & Forecast

Mostly positive signals in the chart today. The EOG Resources stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $126.27 and $118.38. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 16.59%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for EOG Resources stock

On the downside, the stock finds support just below today's level from accumulated volume at $117.77 and $115.83. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, EOG Resources finds support just below today's level at $117.77. If this is broken, then the next support from accumulated volume will be at $115.83 and $111.86.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.56 between high and low, or 1.23%. For the last week, the stock has had daily average volatility of 1.61%.

Our recommended stop-loss: $123.44 (-3.44%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 37 days ago.)

Trading Expectations (EOG) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect EOG Resources Inc to open at $127.74, and during the day (based on 14 day Average True Range), to move between $125.65 and $130.03, which gives a possible trading interval of +/-$2.19 (+/-1.71%) up or down from last closing price. If EOG Resources Inc takes out the full calculated possible swing range there will be an estimated 3.42% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $117.77, some $10.07 (7.88%) from the current price of $127.84, our system finds the risk reward attractive.

Is EOG Resources Inc stock A Buy?

EOG Resources holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.152 Strong Buy Candidate Upgraded

Predicted Opening Price for EOG Resources Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$127.74 ( 0.0782%) $127.84

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for EOG

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 129.30 1.14 %
R2 128.70 0.676 %
R1 128.34 0.388 %
Current price: 127.84
Support S1 127.14 -0.544 %
S2 126.78 -0.83 %
S3 126.18 -1.30 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 127.84
Support S1 117.77 -7.88%
S2 115.83 -9.39%
S3 111.86 -12.50%

EOG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 22, 2024 Apr 15, 2024 Apr 30, 2024 $0.91 0.712%
2 Nov 02, 2023 Jan 16, 2024 Jan 31, 2024 $0.91 0.800%
3 Nov 02, 2023 Dec 14, 2023 Dec 29, 2023 $1.50 1.24%
4 Aug 03, 2023 Oct 16, 2023 Oct 31, 2023 $0.83 0.653%
5 May 04, 2023 Jul 14, 2023 Oct 31, 2023 $0.83 0.653%

FAQ

What is the symbol for EOG Resources Stock and on which exchange is it traded?
The symbol for EOG Resources is EOG and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell EOG Resources Stock?
EOG Resources holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy EOG Resources Stock?
EOG Resources Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy EOG Resources Stock.

What's the current price of EOG Resources Stock?
As of the end of day on the 2024-03-28, the price of an EOG Resources (EOG) share was $127.84.

What is the 52-week high and low for EOG Resources Stock?
The 52-week high for EOG Resources Stock is $136.79 and the 52-week low is $106.32.

What is the market capitalization of EOG Resources Stock?
As of the 2024-03-28, the market capitalization of EOG Resources is 74.147B.

When is the next earnings date for EOG Resources?
The upcoming earnings date for EOG Resources is May 03, 2024.
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About EOG Resources Inc

EOG Resources EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. As of December 31, 2021, it had total estimated net proved reserves of 3,747 million barrels of oil equivalent, including 1,548 million barrels (MMBbl) of crude oil and condensat... EOG Profile

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