Exxon Mobile RangingXOM appears to be ranging, based on the analysis. Be careful trading either long or short, so you don't get caught in a breakout.
At the time of this writing, XOM was trading at $80.50.
We will find resistance from levels from above including the following:
80.87 from gaps
81.04 from highs and lows over the past 100 periods
We will find support from levels from below including:
80.35 from highs and lows over the past 30 periods
80.12 from highs and lows over the past 100 periods
The technicals for XOM are as follows. Volatility is slightly higher than usual. The RSI is 51, indicating that we are in a bull trend, but not yet overbought. The MACD is below the signal line, but not to an extreme. This suggests we are in a bear phase with room to go. XOM is above the 50 period SMA, which is currently at 80, indicating bullishness. The 100 period SMA indicates that we are in a bear trend. Finally, the 50 period SMA is about on par with the 100 period SMA which suggests we are ranging. The ADX indicator, 2 suggests that XOM is ranging.
We are below the central moving average of the Kovach Reversals Indicator at 81, and fairly close to it. If we lose momentum, we'll have support from the lower bound of the KRI at 80.
bull score: 2, bear score: 2, ranging score: 3
