Energy sector strength, price pressing toward highs
Exxon Mobil climbs 3.1% as Energy strength lifts the stock and the weekly MACD keeps improving
Our view last week
Exxon Mobil stock closes the week up 4.6%, riding an Energy sector in full swing (the XLE sector ETF is up 7.67% this week). The buy signal that fired 3 weeks ago stays confirmed: the price is now pressing against its 7-day high, in the 162 area, the trigger our model tracks for a breakout. Our technical analysis flags two warnings on the weekly candle though, a sign the push still needs volume to back it up.
This week's summary
Exxon Mobil closes the week up 3.1%, riding an Energy sector still in strength. The price keeps pressing toward its recent highs, backed by an ADX holding steady above 30 and a weekly MACD that keeps improving, now in its second week above the Signal line. Buyers have stayed in control for three weeks running, and the technical structure is tight: all moving averages aligned to the upside. The buy signal, in its fourth week, stays confirmed.
IQS Phase
70
in tension
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#100 / 167
US stocks in progress
Trade P&L %
+5.21%
from signal to date, no stop loss
Rank position
ranks 100th among the 167 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 +2.79% · monthly +7.50%
XOM belongs to the energy sector (reference ETF XLE). The sector is classified in strong phase according to our weekly reading.
restricted Platinum content