Exxon Mobil gains 6.1%, but the 150-area wall holds
Exxon Mobil gains 6.1% but the Sell signal stays capped at the 150-area wall
Exxon Mobil gains 6.1%, but the 150-area wall holds
Our view last week
Exxon Mobil's Sell signal is stuck in a very tight box, between the wall in the 139.3 area and the floor in the 138.3 area: after last week's flat close, this week the stock gained just 1.3% without breaking either side. Beneath the surface money flow keeps worsening, even as sellers carry a bit less weight in the tape. The trend is losing conviction, and in two weeks earnings could decide which way the range finally breaks.
This week's summary
Exxon Mobil's Sell signal has been under management for 14 weeks, and this week the stock tried the breakout: a 6.1% gain, with buyers making up 72% of the tape. The push stalled hard at the 7-day high, in the 150 area, rejected outright. Beneath the surface money flow stays negative and the trend keeps losing conviction. Earnings land in just a few days.
IQS Phase
63
ordinary
Signal Strength
2
decline nearly over
Sizing
MINIMUM
Ranking
#137 / 140
US stocks
Trade P&L %
-0.63%
from signal to today
restricted Platinum content