Exxon Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Exxon stock price down 0.204% on Tuesday
(Updated on May 14, 2024)
The Exxon stock price fell by -0.204% on the last day (Tuesday, 14th May 2024) from $117.91 to $117.67. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.08% from a day low at $116.48 to a day high of $117.74. The price has fallen in 7 of the last 10 days and is down by -0.51% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -69 thousand shares and in total, 15 million shares were bought and sold for approximately $1.76 billion.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $117.32 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15.97% during the next 3 months and, with a 90% probability hold a price between $136.05 and $149.83 at the end of this 3-month period.
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XOM Signals & Forecast
There are mixed signals in the stock today. The Exxon stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $118.64. On a fall, the stock will find some support from the short-term average at $117.29. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -3.71%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Friday, August 25, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, August 25, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Exxon stock
Exxon finds support from accumulated volume at $116.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.26 between high and low, or 1.08%. For the last week the stock has had daily average volatility of 1.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XOM) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect Exxon Mobil Corporation to open at $117.30, and during the day (based on 14 day Average True Range), to move between $115.65 and $119.69, which gives a possible trading interval of +/-$2.02 (+/-1.72%) up or down from last closing price. If Exxon Mobil Corporation takes out the full calculated possible swing range there will be an estimated 3.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $117.96 (0.25%) than the support at $116.75 (0.78%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Exxon Mobil Corporation stock A Buy?
Exxon holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.483 Sell Candidate Unchanged
Predicted Opening Price for Exxon Mobil Corporation of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| $117.30 ( 0.317%) | $117.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XOM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 118.56 | 0.754 % | |
| R2 | 118.08 | 0.344 % | ||
| R1 | 117.78 | 0.0918 % | ||
| Current price: | 117.67 | |||
| Support | S1 | 116.82 | -0.726 % | |
| S2 | 116.52 | -0.98 % | ||
| S3 | 116.04 | -1.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 120.37 | 2.29 % | |
| R2 | 119.88 | 1.88 % | ||
| R1 | 117.96 | 0.246 % | ||
| Current price | 117.67 | |||
| Support | S1 | 116.75 | -0.782% | |
| S2 | 116.24 | -1.22% | ||
| S3 | 103.73 | -11.85% |
XOM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | May 14, 2024 | Jun 10, 2024 | $0.95 | 0.81% |
| 2 | Feb 02, 2024 | Feb 13, 2024 | Mar 11, 2024 | $0.95 | 0.87% |
| 3 | Oct 27, 2023 | Nov 14, 2023 | Dec 11, 2023 | $0.95 | 0.95% |
| 4 | Jul 28, 2023 | Aug 15, 2023 | Sep 11, 2023 | $0.91 | 0.797% |
| 5 | Apr 28, 2023 | May 15, 2023 | Sep 11, 2023 | $0.91 | 0.797% |
FAQ
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