Exxon Mobil (XOM) Price Near $43.04; 2 Day Down Streak Ended, in an Uptrend Over Past 14 Days

The Hourly View for XOM

Last Updated December 16, 2020, 12:7 GMT

Currently, XOM’s price is up $0.12 (0.27%) from the hour prior. XOM has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on XOM. Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Exxon Mobil Corp Daily Price Recap

43.04 was the closing price of the day for Exxon Mobil Corp, resulting in today being one in which price moved up 1.94% ($0.82) from yesterday. This move happened on lower volume, as yesterday’s volume was down 13.44% from the day before — and down 7.8% from the same day the week before. The daily price chart of Exxon Mobil Corp below illustrates.

XOM

Exxon Mobil Corp Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 8 out of the past 14 days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to XOM:

    🔥 profit alert $JKS🚨 up over 70% since my buy alert on Stocktwists today, hope you were able to buy… part of rebalancing that’s going on, tutes loading up on solar plays for Q1. JKS had HUGE drop in shorts yesterday, dropped to 16% ratio, which is lowest in months, major call options being bought… only seek to continuing 😉

    $SOL $TAN $TSLA $XOM

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