Solid News

ExxonMobil Corp., Technical Analysis

9/20/2022 3:49 PM

Shares of ExxonMobil Corp. are moving within the ascending channel for the third month in a row. Today, quotes tested its lower border around 91.00 but failed to break below this mark and resumed positive dynamics. The key “bullish” level is 93.75 (Murrey [8/8], Fibonacci correction 23.6%), the breakout of which allows further growth to 96.88 (Murrey [7/8], the middle line of Bollinger bands), 100.00 (Murrey [8/8]). The breakdown of 90.62 (Murrey [5/8]) will let the price leave the ascending channel and continue to decline to 87.50 (Murrey [4/8], Fibonacci retracement 38.2%), 82.70 (Fibonacci retracement 50.0%).

Technical indicators do not give a single signal: Bollinger bands are directed upwards, Stochastic has reversed downwards, and the MACD histogram prepares to move into the negative zone and form a sell signal.


Resistance levels: 93.75, 96.88, 100.00. | Support levels: 90.62, 87.50, 82.70.



Find Us
First Floor, First St Vincent Bank LTD Building James Street Kingstown St Vincent and the Grenadines
Call Us
+1 415 367 3742


Solid ECN Securities is an international brand formed and authorized in Saint Vincent and the Grenadines with the registration number 1390 LLC 2021 committed to offering the best possible trading experience. Disclosure: Please note that foreign exchange and other leveraged trading involve a significant risk of loss. It is not fit for all investors and you should make sure you realize the risks involved, seeking independent advice if necessary.
Solid ECN Securities and it affiliates don't accept applications from Indonesia, Egypt, Australia, Bonaire, Curaçao, East Timor, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, South Sudan and other restricted countries.
Copyright All Right Reserved 2022 SolidECN.com