Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
ExxonMobil's stock (XOM) kept falling in the intraday levels, recording a new loss of 0.22% in the last session, or 0.16 points, amid the dominance of the main downward trend in the medium and short terms, with negative pressure from the 50-day SMA, while the RSI reached extremely overbought levels compared to the stock's movements.
Therefore we expect more losses for the stock, as long as the resistance of 76.06 holds on, targeting the support of 72.51.