Exxon Mobil Corp (XOM) Up 1.6%; Price Base in Formation Over Past 30 Days

Exxon Mobil Corp 4 Hour Price Update

Updated June 30, 2020 04:36 PM GMT (12:36 PM EST)

XOM’s price is down $-0.6 (-1.37%) over the past four hours of trading. For context, Exxon Mobil Corp’s peers in the in the Petroleum and Natural Gas industry are down -1.17% on average in this time, while its counterparts in the broader Energy sector are down by an average of -1.11%.

Exxon Mobil Corp Daily Price Recap

Exxon Mobil Corp entered today at $44.32, up 1.6% ($0.7) from the previous day. This move happened on lower volume, as yesterday’s volume was down 46.39% from the day before — and down 21.28% from the same day the week before. Here is a daily price chart of Exxon Mobil Corp.

Exxon Mobil Corp Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 10 days Exxon Mobil Corp’s price has gone up 6 them.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about XOM:

    $RDS.A Interesting how $XOM and $VLO not continuing the massive pain. To me it looks like they are trying to form a rounded bottom to make an ER run next month, which is typical for these companies. If you have a gamblers spirit today might be a good day to buy some $VLO

    Arc_Viper