|
|
Downtrend ResistanceArchive
- 4/26/2024 -
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 -1.92 points, or -1.60%, and closed at 117.96 on Friday, April 26, 2024. It was the worst weekly loss since January 19, 2024. XOM was trading at average weekly trading volume.
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 103.44 and resistance is at 134.01. 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 20.69% retracement level.
 Weekly Technical Indicators: [See XOM weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Williams' Percentage Range or strongly 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range 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 near its 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 116.22 on April 26, 2024. XOM lost 5.54 points, or 4.55%, in 1 days. The price is now at the 31.41% retracement level.
 Daily Technical Indicators: [See XOM daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 12, 2024. This is an indication that the short-term trend is down.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (4.58%) is close to one year low (4.43%). It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
| |
|
|