ExxonMobil resumes decline - Analysis - 09-08-2019

2019-08-09 14:13:37 GMT (Economies.com)
ExxonMobil resumes decline - Analysis - 09-08-2019
 

ExxonMobil's stock returned lower after trying to recoup some losses and vent off oversold saturation in the RSI, while trading alongside the downward medium-term trend line, with negative pressure from the 50-day SMA. 

 

Therefore we expect the stock to decline and target the support of 69.37, as long as the resistance of 73.38 holds on. 

 

Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.1091
-0.0102
0.9113%
1.2147
0.0087
0.7243%
17.104
0.128
0.753%
54.800
0.550
1.014%
58.65
0.42
0.72%
1512.265
14.840
0.991%
 
 
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