EOG Resources stock: buy or sell
Jul 29th, 2021
EOG Resources stock brief
- EOG Resources closed on Wednesday at $73.30 after slightly changing a 0.78%.
- Looking at the chart, price is drawing an scaled downtrend since early June with lower tops and lower bottoms. this downtrend marked a -15.19% loss(from its highs at $86.43).
- EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids.
Should I buy EOG Resources stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $EOG stock a buy?
In the current situation of EOG Resources there is not any eligible buy setup. This doesn't mean we expect a selloff for $EOG in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell EOG Resources stock?
"To sell or not to sell", if you are holding EOG Resources stock?. Trading strategies let us to avoid rash decisions based on our personal emotions or the buzz that surrounds the market. When selling, as well as buying, our strategies are very easy to use and are only applicable for selling shares in your porfolio, not for selling short $EOG stock
A golden rule is that you should not mantain an open trade that leads to greater losses than those expected at the time of the buy. The timing to sell shares should always be determined by the stop-loss (automatic or manual)
Is it time to sell EOG Resources stock?
Currently, EOG Resources stock doesn't match any of our preferred sell setups, so if you own EOG Resources stock and your operation is in profit probably is not time to sell now
EOG Resources ratings
We don't have any rating posted in the previous month for EOG Resources
EOG Resources stock analysis
EOG Resources accumulates a price drop of -15.19% since its latest peak early June at $86.43. Like in all downtrends, the stock oscillates drawing lower tops and bottoms. In this case, we have seen 2 consecutive lower tops.
Supports and resistances
The current resistance levels are:
The current supports are:
Since the price broke down the lower band on July 20, the price has bounced up by 5.77%
Relative strength index
The RSI crossed up the oversold level of 30 on July 20 after just being in the oversold zone for just one day (what can be considered a strength signal). The RSI value on Wednesday was 40.76
EOG Resources stock price history
EOG Resources started trading on Oct 4th, 1989 priced at $1.93 per share1. Since then, EOG stock has risen by 3,697.93%, with an average of 119.29% per year. If you had invested $1,000USD in EOG Resources stock on the IPO, it would have a value of $37,979.27 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for EOG Resources stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.
The following table shows the price forecasts released by financial institutions over the last 30 days. If you are a small trader you should not buy or sell based on these projections.
We don't have any target price posted in the last 30 days for EOG Resources.
Earnings and financials
Last May, EOG Resources ($EOG) hosted the quarterly investors call and presented the report. EOG Resources topped analysts estimates and reported of $1.62, that is a 9.46% improvement versus the previous estimates of $1.48. Despite this, reported sales of $3.7 billion were in line with analysts estimates.Compared to the same quarter last year, EPS was $0.55, so current EPS means a gain of 194.55%. Looking at revenue, figures exploded a 16.35% compared to $35.0B same quarter last year.
EOG Resources ($EOG) is releasing financial report on Thursday next week. Estimated for this quarter is $1.51, compared to $1.62 that was reported for Q1.
EOG Resources performance
|EOG Resources ($EOG)||-10.60%||-2.30%||35.20%|
Disclaimer:The opinions given in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this text does not have any knowledge of the individual situations of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for learning reasons only
EOG Resources summary
|Wednesday, July 28th, 2021|
|Day range||$71.7 - $73.8|
|Average true range||$3.75|
|50d mov avg||$80.37|
|100d mov avg||$76.37|
|200d mov avg||$62.99|
|Earnings date||August 5th, 2021|