Exxon Mobil stock forecast and price prediction
Updated on:
Jan 18th, 2021
2
Exxon Mobil forecast brief
- Exxon Mobil stock dropped -4.81% to close at $47.89 on the stock market last Friday, breaking a streak of 9 sessions in positive.
- From the chart point view, price is drawing a scaled uptrend since last October with higher tops and higher bottoms. Up to date, shares marked a 57.64% gain since the beginning of this rally
- Barclays published a neutral rating for Exxon Mobil last Thursday, targeting $56.00
- Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/other Americas, Europe, Africa, Asia, and Australia/Oceania.
Exxon Mobil stock price forecast
Nobody knows how much a share will be priced in the future. Banks and financial organisations post their analysis predicting how a stock will performance in the future.
Along with buy or sell recommendations, financial institutions release their price target based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new fundamental data by the company, and many times. Again, these forecasts are not direct recommendations for individual traders and must not be trusted blindly.
The average price target for Exxon Mobil stock calculated from the table below is $56.33. That is a 17.62% than the current price ($47.89).
| Brokerage firm | Price target |
|---|---|
| Jan 11th, 2021 | |
| Morgan Stanley | $49.00 → $57.00 |
| Jan 13th, 2021 | |
| JPMorgan Chase & Co. | $50.00 → $56.00 |
| Jan 14th, 2021 | |
| Barclays | $56.00 |
Analysts recommendations
In the last month, 3 brokerage ratings were published for Exxon Mobil
| Brokerage firm | Rating |
|---|---|
| Jan 11th, 2021 | |
| Morgan Stanley | |
| Jan 13th, 2021 | |
| JPMorgan Chase & Co. | Neutral → Buy |
| Jan 14th, 2021 | |
| Barclays | |
Earnings and financials
Last October, Exxon Mobil Corporation ($XOM) posted EPS for that significantly improved analysts' expectations. Quarterly EPS was $-0.18 per share from an estimated $-0.25. This Q3 report means an earnings surprise of 28.00%. Estimated revenue for Q3 was $43.7 billion but Exxon Mobil slightly enhanced by 5.74%, posting $46.2 billion.
This compares to Earnings of $0.67 per share a year ago, so current EPS is a loss of -126.87%. Looking at turnover, figures tanked a -28.38% compared to $634.2B year over year.Exxon Mobil ($XOM) presents Q4 earnings report on Friday next week.
Exxon Mobil stock: buy or sell?
Is Exxon Mobil good stock to buy now?
Exxon Mobil received 3 ratings in the last 30 days: 1 bullish, 0 bearish and 0 neutral.In the current situation of Exxon Mobil there is not any eligible buy setup. This doesn't mean $XOM will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Is it time to sell Exxon Mobil stock?
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
Exxon Mobil stock technical predictions
Exxon Mobil stock started an uptrend last October, and grew an amazing 57.64%. Rising highs and lows can be seen easily on a chart and how price action provided very few buy points on the breakouts. Latest low was in mid-December, when price bounced at $40.53. Like in all uptrends, price needs to take breath and currently price is consolidating the gains in a range between $51.08 and $40.53
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
Since the price surpassed the upper band last Thursday, the price sliced by 6.25%. The price is trading very close to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a sell signal, as price can trade in these levels for many days and weeks
Relative strength index
After breaking out the overbought zone yesterday, fell back below with a reading of 65.78. This is a signal of weakness for the stock and it must put us on alert of weakness in the stock price
Exxon Mobil stock price history
Exxon Mobil went public priced at an adjusted price1 of $0.00 on Jan 1962. Since then, XOM stock surged by -, with an average of 0.00% per year. If you had invested $1,000USD in Exxon Mobil stock on Jan 1962, it would be valued $inf today.
1: Adjusted price after possible price splits or reverse-splits
Please read:
The thoughts given in this post are personal and not recommendations for you to buy or sell shares. The author of this text does not have any knowledge of the particular circumstances of the reader, his or her 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 Opinions are published for learning purposes onlyExxon Mobil summary
| Friday, January 15th, 2021 | |
|---|---|
| Open | $48.91 |
| Close | $47.89 |
| Day range | $47.29 - $49.08 |
| Previous close | $50.31 |
| Session gain | -4.81% |
| Average true range | $1.98 |
| 50d mov avg | $40.85 |
| 100d mov avg | $37.79 |
| 200d mov avg | $40.05 |
| Earnings date | January 29th, 2021 |