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 kept rising in the short term, tackling the resistance of 78.68, representing the ratio 61.8% of Fibonacci retracement levels for a descending wave in the short term (from 87.36 to 64.65), scoring a profit of 0.38%, or 0.30 points, with positive support from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect more gains for the stock, especially if the resistance of 78.68, targeting the next one at 82.00, which represents the ratio 76.4% of the same retracement levels.
Likely trend for today: Bullish