After topping out in late July, Exxon Mobil Corporation (NYSE:XOM), one of the biggest companies in the world by market cap has been unable to move higher, even as the S&P 500 makes new all time highs. This should be worrisome, not only for the overall stock market but the economy as well.
Exxon Mobil Corporation (NYSE:XOM) is one of the biggest petrochemicals...
Technically, Exxon looks ready to head north up to the 105.1 range. It's on the lower edge of two upward channels. Can Exxon give us a buy entry at 100.6 for a nice long ride until mid-august?
The steep lower dashed trend line is created by taking an approximate equidistant away from the first two channel lines.
The Exxon Mobile Corp (XOM) daily diagram tech analysis is as following:
The XOM share price declined from $104 to Kijun Sen first (blue line) and the declined towards to KUMO cloud.
Today it breach the SPAN A and get into the KUMO for more short development.
MACD has a divergence against the share highs and it is on bullish sign. RSI is bullish too.
The...
The Exxon Mobil Corp (XOM) weekly chart shows the following signs:
The Price of XOM has an over the KUMO cloud trend almost the last two years. The stock makes every two months new highs over the Tenkan Sen and Kijun Sen, returning to the KUMO Cloud and so on. This time I see a divergence at MACD that makes more short thoughts.
I expect that the stock will...
