|
Uptrend ExhaustionArchive - 3/15/2024 - Sign In to see current Signals. |
Exxon Mobil Corp. (XOM) Technical Analysis
|
|
| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a fifth consecutive positive week for the Exxon Mobil Corp. (XOM). During the week, the XOM gained 2.89 points, or 2.67%, and closed at 111.27 on Friday, March 15, 2024. It was the best weekly gain since January 26, 2024. Weekly volume was 18% 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 uptrend had started on March 23, 2020 at 30.11 and reached 120.70 on September 28, 2023. XOM gained -90.59 points, or -300.86%, in 183 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (116.70) 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 long-term trend. Medium-term trend: [See XOM medium-term trend chart] A medium-term downtrend had started on September 28, 2023 at 120.70 and reached 95.77 on January 22, 2024. XOM lost 24.93 points, or 20.65%, in 16 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (93.27) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. XOM may retest the broken resistance line. It is considered to be a support line now. 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 resistance line in a medium-term trend. Weekly Technical Indicators: [See XOM weekly technical indicators chart] Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 February 16, 2024. 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 February 14, 2024 at 100.42 and reached 112.30 on March 15, 2024. XOM gained -11.88 points, or -11.83%, in 30 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (105.65) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 resistance line in a short-term trend. Daily Technical Indicators: [See XOM daily technical indicators chart] Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. The daily MACD line is above its signal line since February 14, 2024. This is an indication that the short-term trend is up.
| |
|
|