RSI low/high Values: [ 20 - 80 ]
* 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.L
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Red day on Wednesday for EOG Resources Inc
(Updated on Mar 27, 2024)

Sell candidate since Mar 14, 2024 Loss -8.01% PDF

The EOG Resources Inc stock price fell by -1.11% on the last day (Wednesday, 27th Mar 2024) from £1.00 to £0.99. During the last trading day the stock fluctuated 4.16% from a day low at £0.99 to a day high of £1.03. The price has fallen in 5 of the last 10 days and is down by -12.1% for this period. Volume has increased on the last day by 265 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 712 thousand shares were bought and sold for approximately £704.28 thousand.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.55% during the next 3 months and, with a 90% probability hold a price between £0.82 and £1.09 at the end of this 3-month period.

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EOG.L Signals & Forecast

There are few to no technical positive signals at the moment. The EOG Resources Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £1.00 and £1.05. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, February 27, 2024, and so far it has fallen -15.04%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). EOG Resources Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for EOG Resources Inc stock

EOG Resources Inc finds support from accumulated volume at £0.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 £0.0411 between high and low, or 4.16%. For the last week, the stock has had daily average volatility of 6.73%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (EOG.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect EOG Resources Inc to open at £1.00, and during the day (based on 14 day Average True Range), to move between £0.91 and £1.07, which gives a possible trading interval of +/-£0.0821 (+/-8.31%) up or down from last closing price. If EOG Resources Inc takes out the full calculated possible swing range there will be an estimated 16.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £0.98 (0.90%) than the resistance at £1.03 (3.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is EOG Resources Inc stock A Buy?

EOG Resources Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.633 Sell Candidate Unchanged

Predicted Opening Price for EOG Resources Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£1.00 ( 1.39%) £0.99

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

Trading levels for EOG.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.04 5.54 %
R2 1.03 3.95 %
R1 1.02 2.97 %
Current price: 0.99
Support S1 0.99 -0.202 %
S2 0.98 -1.18 %
S3 0.96 -2.77 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.15 16.29 %
R2 1.05 6.18 %
R1 1.03 3.65 %
Current price 0.99
Support S1 0.98 -0.90%
S2 0.95 -3.93%
S3 0.90 -8.99%

FAQ

What is the symbol for EOG Resources Inc Stock and on which exchange is it traded?
The symbol for EOG Resources Inc is EOG.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell EOG Resources Inc Stock?
EOG Resources Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy EOG Resources Inc Stock?
EOG Resources Inc 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 Inc Stock.

What's the current price of EOG Resources Inc Stock?
As of the end of day on the 2024-03-27, the price of an EOG Resources Inc (EOG.L) share was £0.99.

What is the 52-week high and low for EOG Resources Inc Stock?
The 52-week high for EOG Resources Inc Stock is £1.78 and the 52-week low is £0.86.

What is the market capitalization of EOG Resources Inc Stock?
As of the 2024-03-27, the market capitalization of EOG Resources Inc is 9.485M.

When is the next earnings date for EOG Resources Inc?
The upcoming earnings date for EOG Resources Inc is Apr 24, 2024.
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About EOG Resources Inc

EOG Resources Europa Oil & Gas (Holdings) plc, together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties. The company owns a 99% working interest in the West Firsby; 100% working interest in the Crosby Warren fields; and a 65% working interest in the Whisby-4 oilfields located in the East Midlands, the United Kingdom. It also owns interests in the PEDL180 development license, as well as PEDL181, PEDL182, ... EOG.L Profile

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