EOG Resources Stock Forecast - 20 Period Moving Average

EO5 Stock  EUR 113.82  0.12  0.11%   
The 20 Period Moving Average forecasted value of EOG Resources on the next trading day is expected to be 121.04 with a mean absolute deviation of 6.25 and the sum of the absolute errors of 256.14. EOG Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of EOG Resources' historical fundamentals, such as revenue growth or operating cash flow patterns.
  
A commonly used 20-period moving average forecast model for EOG Resources is based on a synthetically constructed EOG Resourcesdaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

EOG Resources 20 Period Moving Average Price Forecast For the 23rd of December

Given 90 days horizon, the 20 Period Moving Average forecasted value of EOG Resources on the next trading day is expected to be 121.04 with a mean absolute deviation of 6.25, mean absolute percentage error of 49.86, and the sum of the absolute errors of 256.14.
Please note that although there have been many attempts to predict EOG Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that EOG Resources' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

EOG Resources Stock Forecast Pattern

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EOG Resources Forecasted Value

In the context of forecasting EOG Resources' Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. EOG Resources' downside and upside margins for the forecasting period are 119.15 and 122.94, respectively. We have considered EOG Resources' daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
113.82
119.15
Downside
121.04
Expected Value
122.94
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of EOG Resources stock data series using in forecasting. Note that when a statistical model is used to represent EOG Resources stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria85.2623
BiasArithmetic mean of the errors -0.6
MADMean absolute deviation6.2473
MAPEMean absolute percentage error0.0512
SAESum of the absolute errors256.1375
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. EOG Resources 20-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for EOG Resources

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as EOG Resources. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
111.93113.82115.71
Details
Intrinsic
Valuation
LowRealHigh
101.69103.58125.20
Details

Other Forecasting Options for EOG Resources

For every potential investor in EOG, whether a beginner or expert, EOG Resources' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. EOG Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in EOG. Basic forecasting techniques help filter out the noise by identifying EOG Resources' price trends.

EOG Resources Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with EOG Resources stock to make a market-neutral strategy. Peer analysis of EOG Resources could also be used in its relative valuation, which is a method of valuing EOG Resources by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

EOG Resources Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of EOG Resources' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of EOG Resources' current price.

EOG Resources Market Strength Events

Market strength indicators help investors to evaluate how EOG Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading EOG Resources shares will generate the highest return on investment. By undertsting and applying EOG Resources stock market strength indicators, traders can identify EOG Resources entry and exit signals to maximize returns.

EOG Resources Risk Indicators

The analysis of EOG Resources' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in EOG Resources' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting eog stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

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Additional Information and Resources on Investing in EOG Stock

When determining whether EOG Resources is a strong investment it is important to analyze EOG Resources' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact EOG Resources' future performance. For an informed investment choice regarding EOG Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of EOG Resources to cross-verify your projections.
For more detail on how to invest in EOG Stock please use our How to Invest in EOG Resources guide.
You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Please note, there is a significant difference between EOG Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if EOG Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EOG Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.