|
ExxonMobil emits more positive signals - Analysis - 01-05-2023
ExxonMobil Corporation's stock (XOM) rose in the intraday levels after marking a record , as the company reported record profits in the first quarter, sending the stock 1.29% higher in the last session, or 1.51 points, and settling at 118.34, with trading volumes surpassing 24 million shares, above 10-day averages of 15.6 million shares.
The stock is settling above the pivotal support of 114.60, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels.
Therefore we expect more gains for the stock, targeting the resistance of 125.40, provided it settles above 114.60.
Expected trend for today: Bullish
Thanks for your feedback.
Snap gives in to negative pressure - Analysis - 01-05-2023
Snap's stock skidded in the intraday levels, piercing the upward correctional short-term trend line, while touching the resistance of the 50-day SMA, as it marks a heavy loss of 17.05% in the last session, or 1.79 points, and settling a 8.71.
MoreJohnson & Johnson tries to regain footing - Analysis - 01-05-2023
Johnson & Johnson's stock (JNJ) rose in the intraday levels, marking a profit of 0.43% in the last session, or 70 cents, and settling at 163.70, with trading volumes surpassing 6 million shares, below 10-day averages of 7.4 million shares, and amid the dominance of the upward correctional short-term wave, with positive pressure from the 50-day SMA, while the RSI reached oversold levels.
MoreMidday update for Brent oil 01-05-2023
Brent oil prices managed to achieve our first target at 78.90 and breaks it to attempt to hold below it now, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, paving the way to rally towards our next correctional target that reaches 76.85.
More