The Hourly View for XOM
Last Updated December 2, 2020, 12:28 GMT
At the moment, XOM’s price is up $1.03 (2.72%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as XOM has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50 and 100 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Exxon Mobil Corp Daily Price Recap
Exxon Mobil Corp is up 0.97% ($0.37) since the day prior, marking a reversal from the day prior — and the end of a 3 day negative run. The price move occurred on volume that was down 28.71% from the day prior, but up 20.66% from the same day the week before. Let’s take a look at the daily price chart of Exxon Mobil Corp.
Exxon Mobil Corp Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Exxon Mobil Corp crossed above its 100 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone down 18 out of the past 30 days.
Overheard Around the Web
Over on StockTwits, here’s an example of what they’re saying about XOM:
$BP $CDEV $SM $XOM I hope this is not a dream !
“So far, OPEC members have concurred on prolonging the deal’s parameters until the end of March, and the decision can be considered positive, Head of the Information Analysis Center at Alpari Alexander Razuvaev told Izvestia. "There is no doubt that OPEC+ countries will approve this decision. As long as the global economy remains constrained, demand for energy is going to be weak and volatile," he projected. According to the analyst, in December prices for a barrel of Brent oil may rise to $50. “https://tass.com/pressreview/1229807