Exxon Mobil stock forecast and price prediction
Updated on:
Apr 22nd, 2021
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Exxon Mobil forecast brief
- Exxon Mobil stock moved up 1.28% to close at $56.00 on the stock market on Wednesday, breaking a streak of 4 sessions in negative.
- Raymond James posted a neutral rating for Exxon Mobil on Tuesday
- Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments.
Exxon Mobil stock price forecast
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations post their analysis forecasting how a particular stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions release their price target based on the stock price action and the company fundamental data. Most of these predictions follow the release of new financial information by the company, and usually. If you are a small investor you must not invest based on these forecasts.
The average price target for Exxon Mobil stock calculated from the table below is $55.00. Exxon Mobil closed at $56.00 on Wednesday, that is a 1.82% than the target price.
| Brokerage firm | Price target |
|---|---|
| Apr 12th, 2021 | |
| Jefferies Financial Group | $55.00 |
| Apr 14th, 2021 | |
| Raymond James | Not available |
| Apr 19th, 2021 | |
| Jefferies Financial Group | $55.00 |
| Apr 20th, 2021 | |
| Raymond James | Not available |
Analysts recommendations
In the last month, 4 analyst ratings were published for Exxon Mobil
| Brokerage firm | Rating |
|---|---|
| Apr 12th, 2021 | |
| Jefferies Financial Group | Sell → Neutral |
| Apr 14th, 2021 | |
| Raymond James | |
| Apr 19th, 2021 | |
| Jefferies Financial Group | Sell → Neutral |
| Apr 20th, 2021 | |
| Raymond James | |
Earnings and financials
Earnings event was hosted by Exxon Mobil ($XOM) last February after presenting the financial report. Exxon Mobil beat Wall St estimates and posted of $0.03, that is a 200.00% increase compared to the initial estimates of $0.01. On the contrary, reported revenues were $46.5 billion versus estimates of $48.8 billion.
Same quarter last year, reported EPS was $0.41, so current EPS is a reduction of -92.68%. Looking at sales, figures tanked a -26.69% compared to $630.2B same quarter 12 months ago.Exxon Mobil ($XOM) is posting quarterly earnings report on Friday next week. Market analysts analysts expect of $0.59, that is a 1,866.67% higher than Q4.
Exxon Mobil stock: buy or sell?
Is $XOM stock a buy?
Exxon Mobil received 4 ratings in the last 30 days: 0 bullish, 0 bearish and 2 neutral.Currently, Exxon Mobil stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $XOM in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Exxon Mobil?
Currently, Exxon Mobil stock doesn't match any of our preferred sell setups, so if you hold Exxon Mobil stock and your operation is in profit probably is not time to sell now
Price lost SMA50 level
Since Exxon Mobil crossed up the 50-day SMA in November 2020 shares rose a 66.84%. Nevertheless that bullish trend may have come to an end, or be showing signs of weakening, since the price lost that moving average threshold on Tuesday. For mid-term investors who made profits from the stock while the price was over the average, this signal should be a heads up and a trigger to sell the stock and cash in on their returns
Exxon Mobil stock technical predictions
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
The evolution of the Bollinger Bands on the chart shows that they are relatively close to each other (less than 5%), which clearly means that price volatility is low. The tightness of the Bollinger bands is often a sign of a sudden price movement (up or down), so we must be careful and manage our buy or sell orders accordingly
Relative strength index
The RSI dropped below the overbought level of 70 in mid-March after just crossing to the overbough zone for just one day (weak signal). The RSI value on Wednesday was 48.37. Since RSI lost the overbought zone, Exxon Mobil stock collapsed a 9.63%
Exxon Mobil stock price history
Exxon Mobil IPO was on Jan 2nd, 1962 at $0.00 per share1. Since then, XOM stock has risen by -, with an average of 0.00% per year. An investment of thousand dollars on Jan 1962 would have a value of $inf nowadays.
1: Adjusted price after possible price splits or reverse-splits
Disclaimer:
The thoughts expressed in this article are personal and not recommendations for you to buy or sell shares. The author of this report does not know the specific conditions of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are expressed for educative motives onlyExxon Mobil summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $54.5 |
| Close | $56 |
| Day range | $54.3 - $56.13 |
| Previous close | $55.29 |
| Session gain | 1.28% |
| Average true range | $1.35 |
| 50d mov avg | $56.29 |
| 100d mov avg | $49.84 |
| 200d mov avg | $43.28 |
| Earnings date | April 30th, 2021 |