Fresh buy signal on Exxon Mobil, earnings today
Exxon Mobil rises 6.5% and opens a fresh buy right on earnings day
Fresh buy signal on Exxon Mobil, earnings today
Our view last week
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.
This week's summary
Exxon Mobil stock opens a fresh buy signal right on earnings day: the week just closed with a 6.5% gain and five straight higher lows from the 135 area toward 146. Price, though, is boxed between the first resistance and the first support - a tight range - and our model flags trading as not recommended: better to watch the earnings reaction before moving.
IQS Phase
59
ordinary
Signal Strength
54
medium
Sizing
STANDARD
Ranking
#3 / 7
New us stocks
Trade P&L %
+0.00%
from signal to today
Rank position
ranks 3rd among the 7 fresh Longs for US stocks in our ranking, with a signal strength of 54 out of 100.
Sector context
SectorEnergy
Benchmark ETFXLE
Sector regimein positive regime
Performanceweekly +3.36% · monthly +11.29%
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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