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Takip Edin: @UscMarketsEOG Stock Forecast & EOG Resources Chart Analysis
This article provides a detailed analysis of EOG-EOG Resources stock including a forecast for EOG shares. It features EOG Resources, Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
EOG Historical Data Review
EOG Current Price Performance Analysis
The EOG Resources - EOG stock traded on the American stock market, on 06-05-2024, closed at 120.31$ with a %0.43 increased compared to the previous day.
In the last month, the price of EOG changed by %-7.79 decreased in value, from 130.48 dollars on 05-06-2024 to 120.31 dollars, decreased.
Last year, the price of EOG was 112.81 dollars on 06-06-2023, and changed by %6.65 increased in value, to 120.31 dollars increased within a year.
The price of EOG Resources stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
EOG with AI Stock Forecast & Price Target
On the EOG chart EOG Resources price was recorded as 120.31 Dollars on 06/05/2024.
The artificial intelligence's forecast on EOG stock is as follows.
The artificial intelligence's prediction error margin for EOG stock is high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for EOG Resources stock over the next 4 months is: 109.6 Dollars.
The commentary on EOG stock Target Price: Highest: 120.075 Dollars is predicted.
The commentary on EOG stock Target Price: Lowest: 97.817 Dollars is predicted.
Resistance Price where EOG Resources stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 09-23-2024 | 109.288 |
| 01-21-2025 | 115.990 |
| 02-10-2025 | 115.961 |
Support Price where EOG Resources stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-14-2024 | 97.817 |
| 11-07-2024 | 99.875 |
| 02-05-2025 | 115.815 |
| 03-17-2025 | 112.916 |
The commentary on EOG stock: Fluctuations in the target price can be expected in the coming days.
The target price for EOG Resources stock by the end of 2024 is predicted to be 114.765 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on EOG stock, and the 2024 target price predictions for EOG Resources are detailed above.
The technical analysis and charts for the commentary on EOG stock are below.
EOG Support & Resistance and Trend Analysis
EOG stock you have reviewed the technical analysis support resistance charts regarding.
EOG : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the EOG review, the EOG Resources support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
EOG Resources Support and Resistance Prices:
| EOG Support Level Price | EOG Resistance Level Price |
|---|---|
| 108.94 | 116.88 |
| 109.06 | 118.78 |
| 116.06 | 118.89 |
| 116.78 | 125.97 |
| 117.36 | 126.07 |
| 117.96 | 131.57 |
| 122.98 | 135.99 |
| 126.54 | 136.50 |
| 128.25 | 139.67 |
EOG Technical Analysis: SMA, RSI, MACD
Upon reviewing the EOG chart, buy and sell signals have been generated in the EOG Resources technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for EOG stock are as follows:- EOG technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for EOG Resources gave a 'Buy' signal when the RSI was at 28.771, with the current RSI value at 32.14.
- The technical analysis for EOG Resources indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for EOG Resources stock: Click here to read more predictions on Siemens Healthineers AG stock.
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