XOM Weekly Technical Analysis
Exxon Mobil Corp.
Multinational oil and gas company engaged in exploration, refining, and chemicals.
XOM Technical Analysis Summary
The weekly chart illustrates a powerful, long-term bullish trend. Following a prolonged period of consolidation, the price has broken out sharply to new highs, supported by expanding MACD momentum. While the RSI indicates deeply overbought conditions that could prompt a near-term pullback or consolidation, the underlying structural trend remains robustly positive.
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XOM Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price is in a steep, uncorrected upward trend, significantly above its moving averages with MACD histogram accelerating positively. RSI is overbought, suggesting strong momentum but potential near-term exhaustion.
Long-term Sentiment (weeks to months): Bullish
The long-term trend is clearly up, characterized by higher highs and higher lows. The 50-week and 200-week SMAs are trending upward, providing structural support.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-21T18:33:33.316Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $122.50 | $120.00 - $125.00 | Strong | Prior major resistance zone that has now turned into potential structural support, aligning near the 50-week SMA. |
| $100.00 | $95.00 - $105.00 | Strong | Long-term base and consolidation area, reinforced by the rising 200-week SMA. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $152.50 | $150.00 - $155.00 | Weak | Immediate psychological and round-number resistance above current all-time highs. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Parabolic Advance / Breakout | Bullish | N/A | Price recently broke above a multi-year consolidation zone (~120) and has entered a steep, nearly vertical ascent. |
Frequently Asked Questions about XOM
What is the current sentiment for XOM?
The short-term sentiment for XOM is currently Bullish because Price is in a steep, uncorrected upward trend, significantly above its moving averages with MACD histogram accelerating positively. RSI is overbought, suggesting strong momentum but potential near-term exhaustion.. The long-term trend is classified as Bullish.
What are the key support levels for XOM?
StockDips.AI has identified key support levels for XOM at $122.50 and $100.00. These levels may represent potential accumulation zones where buying interest could emerge.
Is XOM in a significant dip or a Value Dip right now?
XOM has a Value Score of 72/100. It is currently flagged as a significant dip in the Top Dips list. It is also listed as a Value Dip because long-term sentiment is bullish.
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