EOG Looks like EOG has made a cup & handle formation with a breakout and retest of the neckline could be a good opportunity here to ladder into a long position with a stop loss below the necklineLongby chasethatmoney0
Cup and Handle/Earnings Today AMCEarnings after market closes today. This moves with oil. Looks like they are expected to beat estimates, but even if they do, a lot depends on how well the news is received. Price is a ways above the 50 SMA. The 50,100 and 200 as well as the 20 are sloping up with bullish moving average crossovers noted. Appears to be a Bull Flag but a flag is a consolidation pattern, a pull back pattern as well and can break up or down. No recommendation. EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; the Republic of Trinidad and Tobago; the People's Republic of China; and the Sultanate of Oman. As of December 31, 2020, it had total estimated net proved reserves of 3,220 million barrels of oil equivalent, including 1,514 million barrels (MMBbl) of crude oil and condensate reserves; 813 MMBbl of natural gas liquid reserves; and 5,360 billion cubic feet of natural gas reserves. The company was formerly known as Enron Oil & Gas Company. EOG Resources, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.by lauraleaUpdated 2
EOG AccumilationLooks like the energy sector is setting accumulation stage. Priming for breakout. by TreyTrades30
STRONG SUPPORTEOG has a strong level at the price of $67 and SMA200 is very close to the support level, it might be a good sign to open a long position. I'm waiting for the reversal action from the support level. If it holds I'll go long... NYSE:EOGLongby Suxxx1
ABC BullishEarnings are tomorrow mid day. Negative volume is very high on EOG which can indicate smart money interest. EOG broke up from a symmetrical triangle and then became tied up in a bearish rising and narrowing wedge like most of this industry did for a while. Too much buying so supply and demand were interrupted. The 200 is sloping up so long term outlook is doing well right now. The 50 appears to be struggling but the 50, 100 and 200 moving averages are in chronological order for now with the 50 on top. PE is 10.99 EPS 7.08. Yield 2.3% and short interest is low. I suppose if you are negative on oil, this is not for you. EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; the Republic of Trinidad and Tobago; the People's Republic of China; and the Sultanate of Oman. As of December 31, 2020, it had total estimated net proved reserves of 3,220 million barrels of oil equivalent, including 1,514 million barrels (MMBbl) of crude oil and condensate reserves; 813 MMBbl of natural gas liquid reserves; and 5,360 billion cubic feet of natural gas reserves. The company was formerly known as Enron Oil & Gas Company. EOG Resources, Inc. was incorporated in 1985 and is headquartered in Houston, Texas. No recommendation. ABC is a corrective pattern with target being D. Targets are calculated using the AB leg and fib levels. Possible stop under CLongby lauraleaUpdated 332
Bull FlagEOG is also forming a slow cup over the weekly time frame. EOG was in a rising wedge when I saw the flag a week or 2 ago. I hesitated because often rising wedges will win the battle over flags and ascending triangles etc. Anyway, EOG proceeded to break the bottom trendline of the rising wedge but appears to have recovered. This caused a throwback to the flag pattern. Rising wedges are bearish and valid once the bottom trendline is broken. They usually eventually break down, although I have seen some securities break to the upside from a rising wedge (RW). CRM did this when inducted in to the DOW. I have not seen a security that has not come back down to meet and break the bottom trendline of the wedge eventually though and it is a long painful process as a rule. I do not follow every security, of course, so I never say never. Rising wedges consist of 2 trendlines that both slope up and converge at the apex. After a fall, many like to wait for a bullish signal or a consolidation to provide support before entering. There is a morning star which helped mark the bottom, or the turn around point for EOG. This consists of a decent size red candle in a downtrend, then a small bodied candle of any color, followed by a decent side green candle. The body of the 2nd candle, should gap down a bit from both the red and green candle bodies. No recommendation. The ability to learn, unlearn and relearn can be a superpower (o: OG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; the Republic of Trinidad and Tobago; the People's Republic of China; and the Sultanate of Oman. As of December 31, 2020, it had total estimated net proved reserves of 3,220 million barrels of oil equivalent, including 1,514 million barrels (MMBbl) of crude oil and condensate reserves; 813 MMBbl of natural gas liquid reserves; and 5,360 billion cubic feet of natural gas reserves. The company was formerly known as Enron Oil & Gas Company. EOG Resources, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.Longby lauralea0
EOG - Triangle / Flag BreakoutPossible Flag / Triangle Breakout Targets as per triangle breakout : T1 being top of triangle as indicated ( Achieved T2 being Height of triangle as indicated Overall possible move of $20Longby RiderTrader0
EOG - Triangle / Flag BreakoutPossible Flag / Triangle Breakout Targets as per triangle breakout : T1 being top of triangle as indicated T2 being Height of triangle as indicated Overall possible move of $20 Longby RiderTrader2
EOG Buying Opportunity on Next PullbackWith the concentration/rotation into the energy sector, I am looking for names that have longevity and have survived market volatility similar to the financial crisis in the mid 2000s. With tons of FCF, increasing ESG programs, a recently declared "Special" $1 dividend, a lot of PT raises close to $100, I like EOG in this sector. I used a Fib Channel to show the trend support. I think if it can pull back between the 42.22-48.93 levels with a lower RSI/CCI, it'll be a long for me.Longby mvnicosia1
$EOG Cup with HandleConsolidating in a cup with handle patter after its most recent run of the 50 MA. E O G Resources Inc (EOG)- ENGAGED IN PRODUCTION/MARKETING OF CRUDE OIL AND NATURAL GAS IN THE U.S., CANADA, TRINIDAD, U.K. AND CHINA.Longby TaPlot2
EOG RESOURCES Offer DailyHey guys, EOG RESOURCES is in a bullish movement with a return of volume in buy and two wicks indecision. By leaning on the TIMEFRAME M1 we see a variant with a large volume of purchase which has pierced the equilibrium zone then the closing is to land on the zone. Great potential to break out the price and at the same time breakout the equilibrium zone to reach a new one. It will go to its next higher (View on MULTI TIMEFRAME) and check on the H4 then go below several including Three level to pass on the TIMEFRAME H1. Please LIKE & FOLLOW, thank you!Shortby stephanelibatd0
LONG EOGExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.Longby jerryas0
Bullish batPossible T2 78.6 to 89 Oil, Gas, oil, energy you say????? LOL Healthy company that pays a good dividend I guess these can not be worthless..or can they? Crazier things than this have happened!! I know must of us have turned our backs on fossil fuels...so a tough one for sure..a bit gutsy for sure to think this sector can climb out of the depths of the market Stop below 33.6 Not a recommendation EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. The company's principal producing areas are located in New Mexico, North Dakota, Texas, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada. As of December 31, 2019, it had total estimated net proved reserves of 3,329 million barrels of oil equivalent, including 1,694 million barrels (MMBbl) crude oil and condensate reserves; 740 MMBbl of natural gas liquid reserves; and 5,370 billion cubic feet of natural gas reserves. The company was formerly known as Enron Oil & Gas Company. EOG Resources, Inc. was founded in 1985 and is headquartered in Houston, Texas.Longby lauraleaUpdated 3
ABC BullishHard one. Not the right sector at all at present NV is high Short is low Dividend is good Could very well be the only shale producer left by the time it is all over..A Healthy company financially Not a recommendation EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. The company's principal producing areas are located in New Mexico, North Dakota, Texas, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada. As of December 31, 2019, it had total estimated net proved reserves of 3,329 million barrels of oil equivalent, including 1,694 million barrels (MMBbl) crude oil and condensate reserves; 740 MMBbl of natural gas liquid reserves; and 5,370 billion cubic feet of natural gas reserves. The company was formerly known as Enron Oil & Gas Company. EOG Resources, Inc. was founded in 1985 and is headquartered in Houston, Texas.Longby lauralea0
$EOG LongShowing a great channel upward towards where its 2019 levels were. I also am long 55C for 7/17. Longby Scott-Allan4
EOG -BULLISH WEDGEPrice has broken the upper trend line of a Bullish wedge patternLongby simtrader19a4
Bullish on EOG Resources, but not a buy The stock has had such a strong move in the past few weeks it has now become overbought. We would expect a pullback in the days to some as the type of investor that entered the stock so late in the trading year may have been chasing some quick returns and could lead to considerable selling. Would be nice to get a lower entry on the stock in a sector which could be in focus in 2020by Bullishcharts35
LONG EOGExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.Longby jerryas3