Thinking About Riding the XOM Uptrend? Read This First

The Hourly View for Exxon Mobil

At the moment, XOM’s price is down $-0.41 (-0.43%) from the hour prior.
This is the 2nd hour 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 hourly chart exists on the 50 hour timeframe.
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.

At the time of this writing, XOM’s price is down $-4.94 (-4.92%) from the day prior.
The daily chart shows that Exxon Mobil has seen 3 straight down days.
Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
Most noteworthy in the world of moving averages on the daily chart is that the 20 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 alert: Trend in XOM’s price and its RSI are diverging. XOM’s price is rising slower than its RSI.

Below is a daily price chart of Exxon Mobil.

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