When the Price of Eog Resources EOG Talks, People Listen
January 18, 2023, 15:00 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for EOG
- Buy EOG slightly over 113.13 target 130.82 stop loss @ 112.8 Details
The technical summary data tells us to buy EOG near 113.13 with an upside target of 130.82. This data also tells us to set a stop loss @ 112.8 to protect against excessive loss in case the stock begins to move against the trade. 113.13 is the first level of support below 129.33 , and by rule, any test of support is a buy signal. In this case, support 113.13 would be being tested, so a buy signal would exist.
- Short EOG slightly under 130.82, target 113.13, stop loss @ 131.2 Details
The technical summary data is suggesting a short of EOG as it gets near 130.82 with a downside target of 113.13. We should have a stop loss in place at 131.2though. 130.82 is the first level of resistance above 129.33, and by rule, any test of resistance is a short signal. In this case, if resistance 130.82 is being tested, so a short signal would exist.
Swing Trading Plans for EOG
- Buy EOG slightly over 129.96, target 130.82, Stop Loss @ 129.58 Details
If 129.96 begins to break higher, the technical summary data tells us to buy EOG just slightly over 129.96, with an upside target of 130.82. The data also tells us to set a stop loss @ 129.58 in case the stock turns against the trade. 129.96 is the first level of resistance above 129.33, and by rule, any break above resistance is a buy signal. In this case, 129.96, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short EOG slightly near 129.96, target 124.89, Stop Loss @ 130.34. Details
The technical summary data is suggesting a short of EOG if it tests 129.96 with a downside target of 124.89. We should have a stop loss in place at 130.34 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 129.96, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for EOG
- Buy EOG slightly over 129.96, target 130.82, Stop Loss @ 129.66 Details
If 129.96 begins to break higher, the technical summary data tells us to buy EOG just slightly over 129.96, with an upside target of 130.82. The data also tells us to set a stop loss @ 129.66 in case the stock turns against the trade. 129.96 is the first level of resistance above 129.33, and by rule, any break above resistance is a buy signal. In this case, 129.96, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short EOG slightly near 129.96, target 128.71, Stop Loss @ 130.26. Details
The technical summary data is suggesting a short of EOG if it tests 129.96 with a downside target of 128.71. We should have a stop loss in place at 130.26 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 129.96, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Eog Resources (EOG) available here: EOG.
EOG Ratings for January 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Strong |
| P1 |
0 |
0 |
113.13 |
| P2 |
128.71 |
124.89 |
130.82 |
| P3 |
131.24 |
129.96 |
148.88 |
AI Generated Signals for EOG
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Eog Resources (NYSE: EOG) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for EOG can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for EOG:
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