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

The Hourly View for Exxon Mobil

  • At the time of this writing, XOM’s price is down $-0.6 (-0.57%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved up.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe.
  • 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 $0.54 (0.52%) from the day prior.
  • This is the 2nd day in a row Exxon Mobil has seen its price head up.
  • As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe.
  • The moving averages on the daily 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.
  • 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 – Blow Off UTAD ? you may find interesting:

XOM appears to be entering the blow off top phase of this enormous rally since 2020 lows.1:1 fib extensions taken from the low and the thrust candles give targets of $109 and $112, however using 1.13 overshoot ratios could see XOM get as high as $124.If it did get there it would touch the upper trendline of this long expanding pattern from 2008 of which appears to be itself a very long Wyckoff distribution pattern which would eventually see XO…

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