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- 1/15/2021 -
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Exxon Mobil Corp. (XOM)

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Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend support lineWilliams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal line
Daily :Lane's Stochastic is overbought
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It was a second positive week after 3 consecutive negative weeks for the Exxon Mobil Corp. (XOM). During the week, the XOM gained 2.43 points, or 5.35%, and closed at 47.89 on Friday, January 15, 2021. Weekly volume was 23% above average.

XOM is a member of Energy Sector. Energy is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See XOM long-term trend chart]
A long-term downtrend had started on July 15, 2016 at 95.55 and reached 30.11 on March 23, 2020. XOM lost 65.44 points, or 68.49%, in 192 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend support line (54.38) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See XOM medium-term trend chart]
A medium-term uptrend had started on October 29, 2020 at 31.11 and reached 51.08 on January 14, 2021. XOM gained -19.97 points, or -64.19%, in 11 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (48.52) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See XOM weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 6, 2020. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See XOM short-term trend chart]
A short-term uptrend had started on December 21, 2020 at 40.53 and reached 51.08 on January 14, 2021. XOM gained -10.55 points, or -26.03%, in 24 days. The price is now at the 30.24% retracement level.

Daily Technical Indicators: [See XOM daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.

The daily MACD line is above its signal line since January 6, 2021. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.51
Williams' Percentage Range (W%R) 20.60
Lane's Stochastic (%D-Slow) 89.05
Overbought
Greed/Fear Indicator (GFI) 81.00
Overbought
Moving Average Converg./Diverg. (MACD) 1.58
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.00
Williams' Percentage Range (W%R) 10.90
Overbought
Lane's Stochastic (%D-Slow) 87.55
Overbought
Greed/Fear Indicator (GFI) 79.72
Moving Average Converg./Diverg. (MACD) -1.75
Trading Signals
Description Value Chart
Quarterly Trendline Support 54.38
Weekly Trendline Resistance 51.63
Upper Bollinger Band 50.29
Daily Stochastic Crossing 50.16
Weekly Stochastic Crossing 49.12
Weekly Trendline Support 48.52
Price 47.89
Parabolic System 46.21
20 Day Moving Average 44.00
50 Day Moving Average 41.05
Lower Bollinger Band 39.05
Sector and Industry
Description Name Rank
Sector Energy 12
Industry Integrated Oil & Gas 106
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 40.53
Low Date 12/21/2020
High 51.08
High Date 01/14/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 51.63
Support 48.52
Low 31.11
Low Date 10/29/2020
High 51.08
High Date 01/14/2021
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 87.36
High Date 09/25/2018
Low 30.11
Low Date 03/23/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Support
Resistance 78.39
Support 54.38
High 95.55
High Date 07/15/2016
Low 30.11
Low Date 03/23/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 104.76
High Date 07/29/2014
Low 30.11
Low Date 03/23/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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