ExxonMobil chalks up another loss - Analysis - 10-12-2018

ExxonMobil's stock fell in the short term while trading alongside the downward short-term trend line, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels. 

Therefore we expect more losses for the stock, especially if the support of 76.51 was breached, targeting the next pivotal support at 72.78. 

Expected trend for today: Bearish