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Momentum

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<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>XOM stock price surged more than 3.19% intraday on Friday and closed the week with a gain of 3.92%.&nbsp;</a> </li> 
 <li> <span>2</span> <a>Exxon Mobil Corp. stock (NYSE: XOM) price bounced back from the 200-day EMA.&nbsp;</a> </li> 
 <li> <span>3</span> <a>Exxon Mobil is yet to announce quarterly results on Friday, 27th October.</a> </li> 
</ul> 
<p>Exxon Mobil Corp. (XOM) stock price showed bullishness in intraday on Friday and ended the week with a gain of 3.92%. The XOM stock price bounced back from the 200-day EMA indicating the bulls’ dominance at the lower levels.&nbsp;</p> 
<p>The price trend analysis of Exxon Mobil stock elaborates that the stock price has been in a time-wise correction phase and is hovering in a range with support at $100 and resistance at $120. The price has been maintained in a 20% range for the last three quarters and continuing with the same in the current quarter. &nbsp;<br><br>Moreover, the pre-earning sentiments are optimistic as the stock price seems to be turning bullish near the 200-day EMA. The bulls need to surge the price near the upper supply zone before the earnings in order to break out of the correction phase.&nbsp;</p> 
<p>Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. The company is yet to announce quarterly results on Friday, 27th October which might turn the stock volatile. The Wall Street analysts are hoping for revenue of $93.11 Billion and earnings to be $2.348 Billion.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1442" height="767" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-449.png" alt="Exxon Mobil Stock Price Turning Optimistic Before The Earnings!" class="wp-image-176192" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-449.png 1442w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-449-300x160.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-449-1024x545.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-449-768x408.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-449-750x399.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-449-1140x606.png 1140w" sizes="(max-width: 1442px) 100vw, 1442px">
  <figcaption class="wp-element-caption">
   Source: barchart.com
  </figcaption>
 </figure>
</div> 
<p>XOM stock option-chain analysis states that the current implied volatility in the market is 29.14% with an increment of 2.80% in the last trading session. The at-the-money strike has an OI of 1,553 on the PUT side and 4,042 on the CALL side indicating the domination of sellers at the CMP.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-xom-stock-price-bounced-back-from-the-200-day-ema-strong"><strong>XOM Stock Price Bounced Back From The 200-day EMA</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1600" height="747" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-448.png" alt="Exxon Mobil Stock Price Turning Optimistic Before The Earnings!" class="wp-image-176191" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-448.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-448-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-448-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-448-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-448-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-448-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-448-1140x532.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: Exxon Mobil&nbsp; 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/">TradingView</a>
  </figcaption>
 </figure>
</div> 
<p>The <a href="https://www.thecoinrepublic.com/2023/10/07/exxon-stock-will-xom-stock-price-break-below-100-mark/" target="_blank" rel="noreferrer noopener">Exxon Mobil stock</a> price currently trades at $109.87&nbsp; with a surge of 3.19% on Friday. The pre-earning sentiments are turning positive indicating early signs of breakout. &nbsp;<br><br>The stock price has bounced back from the 200-day EMA indicating the bulls’ presence at the lower levels. The XOM stock price might continue to gain in the next week if it opens flat or gap up.</p> 
<h3 class="wp-block-heading" id="strong-technical-indicators-show-bulls-regaining-momentum-strong"><strong>Technical Indicators Show Bulls Regaining Momentum</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1600" height="747" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-450.png" alt="Exxon Mobil Stock Price Turning Optimistic Before The Earnings!" class="wp-image-176193" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-450.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-450-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-450-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-450-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-450-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-450-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-450-1140x532.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: Exxon Mobil&nbsp; 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/">TradingView</a>
  </figcaption>
 </figure>
</div> 
<p>The daily <a href="https://www.thecoinrepublic.com/2023/10/07/exxon-stock-will-xom-stock-price-break-below-100-mark/" target="_blank" rel="noreferrer noopener">XOM stock</a> price chart shows that the stock price bounced back from the 200-day EMA indicating bulls gaining strength and the price might surge higher.&nbsp;</p> 
<p>The overall technical opinion rating including RSI and MACD signals a 40% “buy” with an average short-term outlook on maintaining the current direction.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Exxon Mobil stock is in a range-bound correction phase with support at $100 and resistance at $120. The stock bounced from the 200-day EMA and gained 3.19% on Friday. The pre-earnings sentiments are positive and the stock may break out of the range soon. The company will announce quarterly results on October 27th which may affect the stock price. The analysts expect a revenue of $93.11 Billion and earnings of $2.348 Billion.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> $105.32 and $100.87</li> 
 <li><strong>Resistance levels:</strong> $111.11 and $118.50</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

Exxon Mobil Stock Price Turning Optimistic Before The Earnings!

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