Exxon Mobil Corporation Stock Forecast

Green day on Friday for Exxon Mobil Corporation stock after gaining 0.311%
(Updated on May 10, 2024)

XONA.F Signals & Forecast

There are mixed signals in the stock today. The Exxon Mobil Corporation 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 109.95€. On a fall, the stock will find some support from the short-term average at 108.64€. 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 Friday, April 12, 2024, and so far it has fallen -4.61%. 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). Exxon Mobil Corporation has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for Exxon Mobil Corporation stock

Exxon Mobil Corporation finds support from accumulated volume at 109.54€ 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 1.36€ between high and low, or 1.24%. For the last week the stock has had daily average volatility of 1.32%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (XONA.F) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Exxon Mobil Corporation to open at 109.91€, and during the day (based on 14 day Average True Range), to move between 107.84€ and 111.60€, which gives a possible trading interval of +/-1.88€ (+/-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 3.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 109.54€ (0.16%) than the resistance at 110.12€ (0.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Exxon Mobil Corporation stock A Buy?

Exxon Mobil Corporation 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: -2.765 Sell Candidate Unchanged

Predicted Opening Price for Exxon Mobil Corporation of Monday, May 13, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.