When the Price of (EOG) Talks, People Listen
December 01, 2024, 02:28 am ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for EOG
- Buy EOG near 130.19 target 138.84 stop loss @ 129.81 Details
The technical summary data tells us to buy EOG near 130.19 with an upside target of 138.84. This data also tells us to set a stop loss @ 129.81 to protect against excessive loss in case the stock begins to move against the trade. 130.19 is the first level of support below 133.26 , and by rule, any test of support is a buy signal. In this case, support 130.19 is being tested, a buy signal would exist.
- Short EOG slightly under 138.84, target 130.19, stop loss @ 139.24 Details
The technical summary data is suggesting a short of EOG as it gets near 138.84 with a downside target of 130.19. We should have a stop loss in place at 139.24though. 138.84 is the first level of resistance above 133.26, and by rule, any test of resistance is a short signal. In this case, if resistance 138.84 is being tested, a short signal would exist.
Swing Trading Plans for EOG
- Buy EOG slightly over 135.84, target 138.84, Stop Loss @ 135.45 Details
If 135.84 begins to break higher, the technical summary data tells us to buy EOG just slightly over 135.84, with an upside target of 138.84. The data also tells us to set a stop loss @ 135.45 in case the stock turns against the trade. 135.84 is the first level of resistance above 133.26, and by rule, any break above resistance is a buy signal. In this case, 135.84, 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 135.84, target 132.35, Stop Loss @ 136.23. Details
The technical summary data is suggesting a short of EOG if it tests 135.84 with a downside target of 132.35. We should have a stop loss in place at 136.23 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, 135.84, 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 133.36, target 135.84, Stop Loss @ 133.05 Details
If 133.36 begins to break higher, the technical summary data tells us to buy EOG just slightly over 133.36, with an upside target of 135.84. The data also tells us to set a stop loss @ 133.05 in case the stock turns against the trade. 133.36 is the first level of resistance above 133.26, and by rule, any break above resistance is a buy signal. In this case, 133.36, 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 133.36, target 132.35, Stop Loss @ 133.67. Details
The technical summary data is suggesting a short of EOG if it tests 133.36 with a downside target of 132.35. We should have a stop loss in place at 133.67 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, 133.36, 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 Inc. (EOG) available here: EOG.
EOG Ratings for December 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
121.22 |
| P2 |
130.79 |
132.35 |
130.19 |
| P3 |
133.36 |
135.84 |
138.84 |
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 Inc. (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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