Exxon Mobil Does it Again: Heads Down for the 2nd Straight Day

The Hourly View for Exxon Mobil

  • At the time of this writing, XOM’s price is up $0.15 (0.15%) from the hour prior.
  • This is the 2nd hour in a row Exxon Mobil has seen its price head up.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them with price now being above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Exxon Mobil’s hourly price chart is shown below.

XOM

The Daily View for Exxon Mobil

  • At the time of this writing, XOM’s price is down $-0.25 (-0.26%) from the day prior.
  • This is the 2nd day in a row Exxon Mobil has seen its price head down.
  • Regarding the trend, note that the strongest trend exists on the 20 day timeframe.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between XOM’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in XOM’s price.

Below is a daily price chart of Exxon Mobil.

XOM

Featured Exxon Mobil Idea From TradingView

Below is a trading comment entitled XOM – Exhaustion Retracement Top you may find interesting:

XOM appears to be hitting an exhaustion retracement top here post earnings.USOIL potential continuation pattern into bear market.Bought ATM LEAP put IV down at 32. More to come when i get time.Not advice.

dRends35