Exxon Mobil Just Breached This Major Moving Average Level

The Hourly View for Exxon Mobil

  • At the moment, XOM’s price is down $-1.33 (-1.47%) from the hour prior.
  • Exxon Mobil has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
  • The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Exxon Mobil’s hourly price chart is shown below.

XOM

The Daily View for Exxon Mobil

  • Currently, XOM’s price is down $-2.06 (-2.25%) from the day prior.
  • Exxon Mobil has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
  • Regarding the trend, note that the strongest trend exists on the 50 day timeframe.
  • Most noteworthy in the world of moving averages on the daily chart is that the 50 day moving average has been crossed, so that price is now turning below it. 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 Commentary From Twitter

API/AFPM responding to the WH tonight, echoing what XOM has said. The Prez/WH talking the talk about lowering #gasprices, now how about walking the walk? https://t.co/3WnCKXOzdxNA

GasBuddyGuy