Exxon Mobil Does it Again: Heads Down for the 3rd Straight Day

The Hourly View for Exxon Mobil

  • Currently, XOM’s price is down $-0.31 (-0.33%) from the hour prior.
  • The hourly chart shows that Exxon Mobil has seen 2 straight down hours.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe.
  • Of note is that the 20 hour changed directions on XOM; it is now pointing up. 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 $-0.34 (-0.37%) from the day prior.
  • This is the 3rd day in a row Exxon Mobil has seen its price head down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart 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

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