80.2500
Change
-0.0700
Change %
0.0872%
Open
80.3200
Close
80.4999
High
80.6600
Low
80.1600
ExxonMobil nears its current support - Analysis - 19-05-2017
2017-05-19 12:09:30 GMT (Economies.com)
ExxonMobil nears its current support - Analysis - 19-05-2017
 

ExxonMobil's stock (XOM) fell in the intraday levels, recording a loss of 0.29% in the last session, or 0.24 points, and trespassing the support of the 50-day SMA, exposing it to negative pressure, amid negative signals from relative power indicators, as the stock nears the support of 81.04, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the medium term (from 66.55 to 95.53). 

 

Therefore we expect more losses for the stock, especially if it pierced the support of 81.04, targeting the next one at 77.62, which represents the ratio 61.8% of the same retracement levels. 

 
 
 
  Symbol Last Change Chg.%
1.1791
0.0128
1.0983%
1.3216
0.0053
0.4011%
17.313
0.422
2.501%
56.635
-0.230
0.405%
62.71
1.35
2.20%
1294.360
18.690
1.465%
 
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