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

The Hourly View for Exxon Mobil

  • At the moment, XOM’s price is up $0.07 (0.08%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved down.
  • Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
  • Price action traders may also wish to note that we see some doji and pin bar candlestick patterns on Exxon Mobil. Given that we see an uptrend 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 bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Exxon Mobil’s hourly price chart is shown below.

XOM

The Daily View for Exxon Mobil

  • Currently, XOM’s price is up $0.32 (0.35%) from the day prior.
  • The daily chart shows that Exxon Mobil has seen 2 straight up days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Exxon Mobil. Given that we see an uptrend on the 20 and 10 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • 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.

Below is a daily price chart of Exxon Mobil.

XOM

Featured Exxon Mobil Idea From TradingView

Below is a trading comment entitled XOM closes above 50D SMA you may find interesting:

XOM closed above 50 day SMA which should act as a resistance ceiling, and key level of support if upside momentum wins out. Earnings to release on Friday 7/29, which is also options expiration so lots of volatility expected. 200 D SMA at $78+ should ceiling resistance prove too strong, look to increase position <$84

Dandelions12