Exxon Mobil stock forecast and price prediction
Jul 29th, 2021
Exxon Mobil forecast brief
- Exxon Mobil closed on Wednesday at $58.22 after merely moving a 0.67%.
- Exxon Mobil is presenting its earnings report on Friday
- Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments.
Exxon Mobil stock price forecast
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis predicting how a particular stock will performance in the future.
Along with buy or sell recommendations, financial institutions publish their price estimates based on the stock price action and the company fundamental data. Most of these predictions follow the release of new financial information by the company, and many times. If you are a small trader you must not invest based on these projections.
In the previous month we couldn't find any price target published for Exxon Mobil stock.
We don't have any rating posted in the previous 30 days for Exxon Mobil
Earnings and financials
Exxon Mobil ($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
Supports and resistances
The current resistances are:
The current support levels are:
Since the price broke down the lower band on July 20, the price rebounded by 5.80%
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%
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
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|
|Day range||$57.62 - $58.63|
|Average true range||$1.98|
|50d mov avg||$60.70|
|100d mov avg||$58.98|
|200d mov avg||$50.34|
|Earnings date||July 30th, 2021|