EOG Pressured at $103.50 Under Bearish EMA Stack
BearishEOG Resources Inc (EOG) closed down 0.36% at $103.50 on December 27.
Technical indicators paint a bearish picture:
Moving Averages
Price sits below both the 9-day ($104.33) and 21-day ($105.81) EMAs, suggesting short-term weakness.
Momentum
RSI at 41.0 is in neutral territory but trending higher. MACD is bearish (-1.42 vs signal -0.96).
Volatility
Bollinger Band width at 13.3% indicates normal volatility.
Key levels to watch: Support at $100.04, Resistance at $114.28.