XOM Monthly Technical Analysis
Exxon Mobil Corp.
Multinational oil and gas company engaged in exploration, refining, and chemicals.
XOM Technical Analysis Summary
XOM has confirmed a major bullish breakout to new all-time highs, clearing the critical 120.00 resistance level with significant momentum. The stock is firmly in a secular bull regime, supported by rising long-term moving averages and a bullish MACD crossover. With the price entering discovery mode and RSI signaling strong momentum rather than exhaustion, the path of least resistance remains upward.
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XOM Monthly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
The current monthly candle is a massive bullish engulfing/breakout candle that has cleared significant multi-year resistance around 120. Momentum is surging with the RSI crossing above 70 and MACD histogram expanding positively.
Long-term Sentiment (weeks to months): Bullish
Price is trading at all-time highs well above rising 50-month and 200-month SMAs. The breakout from a year-long consolidation pattern confirms a continuation of the secular bull trend that began in 2020.
Report Metadata
- Timeframe: monthly
- Generated at: 2026-02-02T06:59:58.010Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $119.00 | $118.00 - $120.00 | Strong | Former major resistance level (2023 highs) now converted to primary support following the breakout. |
| $103.00 | $100.00 - $106.00 | Strong | Psychological round number and confluence with the rising 50-month SMA and recent consolidation lows. |
| $84.50 | $84.00 - $85.00 | Strong | Long-term structural support aligned with the 200-month moving average. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $146.17 | $142.34 - $150.00 | Weak | Current month's high and psychological extension level; the stock is in price discovery mode with no historical overhead supply. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Bullish Consolidation Breakout | Bullish | $160.00 | After a strong run-up, price consolidated sideways between roughly 100 and 120 for over a year. The current candle represents a decisive breakout from this range. |
| Strong | Secular Uptrend (Post-2020) | Bullish | N/A | Since the 2020 lows, the chart exhibits a consistent series of higher highs and higher lows, creating a robust uptrend channel. |
Frequently Asked Questions about XOM
What is the current sentiment for XOM?
The short-term sentiment for XOM is currently Bullish because The current monthly candle is a massive bullish engulfing/breakout candle that has cleared significant multi-year resistance around 120. Momentum is surging with the RSI crossing above 70 and MACD histogram expanding positively.. The long-term trend is classified as Bullish.
What are the key support levels for XOM?
StockDips.AI has identified key support levels for XOM at $119.00 and $103.00. These levels may represent potential accumulation zones where buying interest could emerge.
Is XOM in a significant dip or a Value Dip right now?
XOM has a Value Score of 26/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
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