US stocks · Open buy, week 10
Exxon Mobil gains 2.1% on the week but stalls just below its 7-day high
Our view last week
Exxon Mobil stock slipped 1.8% in a rough week for energy, with the XLE sector ETF down 3.5%. What changed from seven days ago is volume: buyers took back the weekly bar after a week in the sellers' hands. Technical analysis still reads an intact uptrend, with weekly MACD above its Signal line but deteriorating and a more hesitant price action. Among weekly buy signals on US stocks, the trade stays 2.3% in the green.
This week's summary
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.
IQS Phase
68
in tension
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#68 / 93
US stocks in progress
Trade P&L %
+4.50%
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 68th among the 93 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 positive regime
Performanceweekly +1.26% · monthly -3.50%
XOM belongs to the energy sector (reference ETF XLE). The sector is classified in positive regime according to our weekly reading.
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