Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>XOM stock shows a rounding bottom pattern on the daily charts.</a> </li> 
 <li> <span>2</span> <a>Buyers have attained momentum and are looking to register a breakout.</a> </li> 
</ul> 
<p>Exxon Mobil Corporation (NYSE: XOM) XOM stock price is in a strong uptrend. XOM stock peeks buying interest and has persisted in forming higher highs, signifying the bullish cues on the charts. Furthermore, XOM stock is close to the primary hurdle of $120, which, if it escapes, it could rally toward the next hurdle of $135 or even $150 in the near future. Moreover, the price action shows that investors have continued making long build-ups and are accumulating, suggesting that XOM stock will continue to skyrocket and may reach the $200 mark by the end of 2023.</p> 
<p>Furthermore, the chart shows that XOM stock has recovered after making a base formation near $100. Moreover, the option chain of XOM stock suggests a massive open interest of 45.24 Lakh shares on the put side at the strike price of $117, which suggests that XOM stock has the right to sustain above it due to the buying interest. On the flip side, at the strike price of $120, the open interest of 22 lakh shares on the call side suggests a resistance zone that bulls need solid momentum to surpass.</p> 
<p>At press time, XOM stock price is $116.41 with an intraday gain of 0.15%, showing bullishness. Moreover, the trading volume remained average at 11.89 Million, with the market cap at $466.012 Billion. Furthermore, analysts maintained a buy rating with a yearly target price of $122.86, suggesting a solid growth outlook for the upcoming sessions.</p> 
<p>Exxon Mobil Corp. explores, develops, and distributes oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream, and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products. The Chemical segment offers petrochemicals. The company was founded by John D. Rockefeller in 1882 and is headquartered in Spring, TX.</p> 
<h2 class="wp-block-heading" id="strong-will-xom-stock-price-escape-120-strong"><strong>Will XOM Stock Price Escape $120?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="464" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-916-1024x464.png" alt="" class="wp-image-171763" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-916-1024x464.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-916-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-916-768x348.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-916-1536x696.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-916-750x340.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-916-1140x517.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-916.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: XOM Stock Price Chart At TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>On the daily charts, XOM stock price shows an uptrend. The rounding bottom pattern indicates bullish cues for the past sessions. Furthermore, the price action delivers the buying interest and suggests a follow-on buying that will soon exceed the gains to $125. Moreover, XOM stock price is above the significant moving averages and is close to the upper Bollinger band, suggesting a breakout can be anticipated soon. Moreover, the XOM stock price is above the 61.8% Fib zone, which indicates bullishness.</p> 
<p>The RSI curve is in the overbought zone; bullish divergence was seen, indicating a bullish outlook.The MACD shows a bearish crossover and retraced toward neutrality, showing that XOM stock lost the gains in the last trading session.</p> 
<h4 class="wp-block-heading"><strong>Summary&nbsp;</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/09/26/rivian-stock-analysis-rivn-stock-price-at-make-or-break-level/" target="_blank" rel="noopener noreferrer nofollow">Exxon Mobil Corporation</a> (XOM stock) price gained traction and is looking to surpass the primary hurdle of $120. Furthermore, the price action shows bull dominance and indicates that buyers persisted in accumulating the stock and continued to make long build-ups. Moreover, the chart depicts a glimpse of bullishness and suggests a short-term bullish view with an immediate target of $140.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $110 and $100</p> 
<p>Resistance Levels: $120 and $135</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.</p>

XOM Stock is Bullishness, XOM is Near Breakout Zone of $120

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