|
|
Uptrend Broken SupportArchive
- 5/3/2024 -
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 the negative week for the Exxon Mobil Corp. (XOM). During the week, the XOM dropped -1.96 points, or -1.66%, and closed at 116.00 on Friday, May 3, 2024. It was the worst weekly loss since January 19, 2024. Weekly volume was 24% 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 123.75 on April 12, 2024. XOM gained -93.64 points, or -310.99%, in 211 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 103.82 and resistance is at 134.39. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See XOM medium-term trend chart]
A medium-term uptrend had started on January 22, 2024 at 95.77 and reached 123.75 on April 12, 2024. XOM gained -27.98 points, or -29.22%, in 11 weeks. The price is now at the 27.70% retracement level.
 Weekly Technical Indicators: [See XOM weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since February 16, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
 Short-term trend: [See XOM short-term trend chart]
A short-term downtrend had started on April 25, 2024 at 121.76 and reached 114.13 on May 3, 2024. XOM lost 7.63 points, or 6.27%, in 8 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See XOM daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since April 12, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
| |
|
|