Exxon Mobil stock forecast and price prediction

XOM stock price: $58.22 0.67% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

1

Exxon Mobil forecast brief

  • Exxon Mobil closed on Wednesday at $58.22 after merely moving a 0.67%.
  • Exxon Mobil is presenting its earnings report on Friday
  • 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 issue their analysis predicting how a particular stock will performance in the future.

Along with buy or sell recommendations, financial institutions publish their price estimates 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 many times. If you are a small trader you must not invest based on these projections.

In the previous month we couldn't find any price target published for Exxon Mobil stock.

Analysts recommendations

We don't have any rating posted in the previous 30 days for Exxon Mobil

Earnings and financials

Exxon Mobil ($XOM) is posting Q2 earnings report on Friday. Market estimates of $0.97, compared to Q1 that made $0.65. Regarding to sales, the estimations are $65.0 billion.

If you are a shareholder of Exxon Mobil stock, you should double check your stop-loss, as financial report release day has higher than usual volatility. Have a look company's website to confirm time and details on the earnings call and the earnings report.

Last April, Exxon Mobil Corporation ($XOM) reported adjusted EPS for that slightly uplifted Market expectations. Quarterly EPS was $0.65 per share compared to the forecasted $0.59. This quarterly report means an earnings surprise of 10.17%. Revenue was $59.1 billion versus $54.6 billion forecasted by market consensus.

Compared to the same quarter last year, EPS was $0.53, so reported EPS means a improvement of 22.64%. Looking at turnover, figures just moved compared to $553.8B year over year.

Exxon Mobil stock: buy or sell?

Is $XOM stock a buy?

Exxon Mobil had no ratings in the last four weeks Read the article to get additional tips on trading XOM stock.

In the current situation of Exxon Mobil there is not any eligible buy setup. This doesn't mean we expect a selloff for $XOM in the next few days, 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 shares and your operation is in profit probably is not time to sell now

Exxon Mobil stock price action predictions

SMAs overview

XOM stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $58.80 (1.00% above)
  • R2: $59.00 (1.34% above)
  • R3: $59.09 (1.49% above)
  • The current support levels are:

  • S1: $57.90 (-0.55% below)
  • S2: $57.83 (-0.67% below)
  • S3: $57.72 (-0.86% below)
  • Bollinger bands

    Since the price broke down the lower band on July 20, the price rebounded by 5.80%

    XOM stock Bollinger Bands chart

    Relative strength index

    The RSI crossed up the oversold line of 30 on July 20 after just being in the oversold zone for just one day (what can be considered a strength signal). The RSI value on Wednesday was 44.55. Since RSI left the oversold zone, Exxon Mobil price skyrocketed a 5.19%

    XOM stock RSI chart

    Exxon Mobil stock price history

    Exxon Mobil IPO was on Jan 2nd, 1962 priced at $0.00 per share1. Since then, XOM stock has risen by -, with an average of 0.00% per year. An investment of $1,000USD on the IPO would be valued $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    XOM stock price history chart

    Important:
    The viewpoints written in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this article does not have any knowledge of the individual positions of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are published for general educational purposes only

    Exxon Mobil summary

    Wednesday, July 28th, 2021
    Open$58
    Close$58.22
    Day range$57.62 - $58.63
    Previous close$57.83
    Session gain0.67%
    Average true range$1.98
    50d mov avg$60.70
    100d mov avg$58.98
    200d mov avg$50.34
    Earnings dateJuly 30th, 2021

    Frequently asked questions

    What is Exxon Mobil stock symbol?

    Exxon Mobil Corporation is a public company trading in the US stock market with the XOM symbol

    Will XOM go up?

    There were no forecasts issued by analysts in the last month for Exxon Mobil.