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Archive
- 11/8/2024 -
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Exxon Mobil Corp. (XOM) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :  
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| | It was a first positive week after 4 consecutive negative weeks for the Exxon Mobil Corp. (XOM). During the week, the XOM gained 6.10 points, or 5.30%, and closed at 121.10 on Friday, November 8, 2024. Weekly volume was -15% below average.
 Long-term trend: [See XOM long-term trend chart]
A long-term uptrend had started on January 22, 2024 at 95.77 and reached 126.34 on October 7, 2024. XOM gained -30.57 points, or -31.92%, in 37 weeks. The price is now at the 17.14% retracement level.
Medium-term trend: [See XOM medium-term trend chart]
A medium-term uptrend had started on September 11, 2024 at 107.77 and reached 126.34 on October 7, 2024. XOM gained -18.57 points, or -17.23%, in 3 weeks. The price is now at the 28.22% retracement level.
 Weekly Technical Indicators: [See XOM weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since October 4, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.
Short-term trend: [See XOM short-term trend chart]
A short-term uptrend had started on November 1, 2024 at 114.80 and reached 121.90 on November 6, 2024. XOM gained -7.10 points, or -6.18%, in 5 days. The price is now at the 11.27% retracement level.
 Daily Technical Indicators: [See XOM daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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