Open BUY · week 11 · US stocks
Exxon Mobil gains 3% and prints a new 90-day high, but the weekly close fails to confirm
Our view last week
After 2 down weeks Exxon Mobil climbs 2.1%, but the recovery stalls just below its 7-day high, in the 164.9 area. Unlike a week ago the sector is helping again, with the XLE energy ETF up 1.3%. Technical analysis of Exxon Mobil stock still shows an intact weekly uptrend, with MACD above its Signal line for 8 weeks and a histogram that has been falling for 3: a rise that holds but slows. Among weekly buy signals on US stocks, the trade is 4.5% in profit.
This week's summary
Exxon Mobil gains 3% and prints a new 90-day high in the 170 area during the week, but the close stays below the previous one: the breakout is still to come. A week ago the recovery had stalled earlier and the MACD histogram had been falling for 3 weeks; now it is rising again, with the XLE energy ETF up 3.6%. Technical analysis of Exxon Mobil stock shows an intact weekly uptrend, on shrinking volume. Among weekly buy signals on US stocks, this one has earnings due on October 23.
IQS Phase
77
in tension
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#65 / 92
US stocks in progress
Trade P&L %
+7.65%
from signal to date, no stop loss
Exxon Mobil (XOM) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 65th among the 92 Longs already running for US stocks in our ranking, with a signal strength of 47 out of 100.
Sector context
SectorEnergy
Benchmark ETFXLE
Sector regimein strong phase
Performanceweekly +3.60% · monthly -0.35%
XOM belongs to the energy sector (reference ETF XLE). The sector is classified in strong phase according to our weekly reading.
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